Nigerian Breweries Records N383 Billion Revenue, N45 Billion Net Profit In Q1 2025

Nigerian Breweries Plc, has recorded an impressive result in the first quarter of the 2025 financial year, with a Net Revenue of N383 billion

A breakdown of the unaudited and provisional results for the period ended March 31, 2025, which was filed at the NGX, shows that the N383 billion Net Revenue in the quarter is a 69% increase from the N227 billion recorded in the corresponding period in 2024.

Notwithstanding the increase in the costs of sales and other expenses due to high inflation, the Operating Profit grew by 238% from N25 billion in 2024 to N85 billion in the current period due to a continuous focus on cost discipline and productivity enhancement.

The company also declared a Profit After Tax of N45 billion, representing a significant increase of 187% relative to the N52 billion loss recorded in the corresponding period in the previous year.

Speaking on the results, Managing Director/CEO, Nigerian Breweries Plc, Hans Essaadi noted that the significant improvement in profitability reflects both volume and value growth, as well as the benefits from the business recovery and process optimisation initiatives undertaken in 2024.

Essaadi explained that the strategic initiatives of 2024 including portfolio optimisation, rightsizing of operations, and disciplined working capital management, continue to yield strong results.

He affirmed that the company was firmly on track in executing its turnaround plan of restoring long-term profitability and building a solid foundation for sustainable growth.

In a statement signed by the Company Secretary and Legal Director, Uaboi Agbebaku, the company expressed appreciation to shareholders for their unwavering support, particularly during the Rights Issue, which was 92% subscribed, noting that their commitment has been instrumental in repositioning the Company for long-term success.

Agbebaku expressed confidence in the ability of the company to navigate ongoing macroeconomic pressures despite uncertainty in business operating environment.

Shareholders laud NB Plc on efforts to return to profitability amidst economic challenges

“As a company, we would continue to focus on agility, innovation, and financial discipline in the running of our operations. We remain well-positioned to drive continued growth and deliver value to all stakeholders,” he said.
The company has now recorded quarter-on-quarter Net Profit, having recorded same in the last quarter of 2024. This confirms the company’s return to profitability after a few previous periods of sustained losses. At the company’s Annual General Meeting held recently, shareholders had commended the Board and Management for the decisive actions taken that have led to the positive turnaround in the financial results.