Nigerian Breweries Plc has posted a solid financial performance for the first half of 2026, reaching a group revenue of N804 billion. This marks a 9% rise compared to the N738 billion recorded during the same timeframe in 2025. Notably, the firm has returned its retained earnings to positive territory, a key indicator of improved fiscal health and effective recovery strategies.
Data submitted to the Nigerian Exchange Limited for the period ending June 30, 2026, shows that operating profit climbed 8% to N164 billion, up from N152 billion the previous year, despite a 20% jump in administrative and distribution costs. Lower net finance expenses helped drive an 18% increase in Profit Before Tax, though new tax regulations adjusted the growth in Profit After Tax to 5%, resulting in N193 billion.
Uaboi Agbebaku, the company’s Secretary and Legal Director, noted that the business maintained stability despite significant macroeconomic turbulence. He attributed the revenue growth to successful management tactics, ongoing support for premium and malt brands, and disciplined execution throughout the company’s supply chain. Agbebaku specifically highlighted that gross profit margins widened by 2 percentage points, bolstered by a substantial 61% decline in net finance costs.
