Guinness Nigeria Posts N15.7bn Pre-Tax Profit in Q1 2026, Up 53% YoY
Guinness Nigeria Plc has turned adversity into success, posting impressive financial results for Q1 2026. The brewing giant reported a pre-tax profit of N15.7 billion, marking a 53.19% year-on-year growth from N10.2 billion in Q1 2025. This remarkable performance was driven by a strong revenue base, controlled finance expenses, and higher finance income.Revenue rose to N122.7 billion from N118.3 billion, with the sale of brewed products in Nigeria accounting for 98.47% of the total.
The company’s cost of sales increased to N79.2 billion, up from N73.8 billion in Q1 2025, resulting in a gross profit of N43.4 billion, slightly lower than N44.5 billion in Q1 2025.Other operating income surged to N303.5 million, driven by the sale of by-products, marking a 938.24% year-on-year increase. Operating profit settled at N17.17 billion, slightly below N17.99 billion in Q1 2025.
However, finance expenses reduced significantly to N2.4 billion from N7.7 billion, boosting profitability.The company’s balance sheet remains strong, with total assets declining to N238.3 billion and total equity improving to N53.7 billion.
Total liabilities also declined to N184.6 billion, reflecting reduced borrowings and improved balance sheet efficiency.Guinness Nigeria’s impressive performance has led to an interim dividend of N2.00 per share, totaling N4.38 billion. The company’s shares traded flat at N499 per share, reflecting a largely muted market reaction to the period’s earnings update
