Nigerian Breweries Plc recorded a significant 48 % increase in its third-quarter turnover, raising revenue to N1.04 trillion for the period ending September 30, 2025, up from N703 billion in Q3 2024. The Nation Newspaper
The company also completed the full integration of Distell Wines & Spirits Nigeria Limited, following its acquisition in March 2025. The Nation Newspaper
Cost of sales rose from N495 billion in Q3 2024 to N627 billion in Q3 2025, and marketing, distribution and administrative expenses increased by 38 %, from N184 billion to N254 billion, reflecting intensified brand and sales activity. The Nation Newspaper
On profitability, the company rebounded from a loss in Q3 2024 (pre-tax loss of N203 billion) to a pre-tax profit of N129.47 billion in Q3 2025. After tax, net profit stood at N85.5 billion, compared with a net loss of N149.5 billion a year earlier. Earnings per share improved from a loss of N14.55 to a positive N2.75. The Nation Newspaper
Uaboi Agbebaku, Company Secretary & Legal Director, attributed the strong revenue growth to appropriate pricing strategies and growth in the premium segment, despite challenging conditions of double-digit inflation and elevated input costs. The Nation Newspaper He highlighted that the 2024 rights issue programme had meaningfully contributed to the firm’s turnaround. The Nation Newspaper
On the integration front, Corporate Affairs Director Uzodinma Odenigbo disclosed that Nigerian Breweries has installed a new manufacturing line at its Ibadan Brewery for Distell brands (such as Chamdor and 4th Street). The full integration aligns with the company’s aim to evolve into a “Total Beverage Company” encompassing beer, wine, spirits and ready-to-drink offerings. The Nation Newspaper
Looking ahead, despite seasonal demand softening in Q3 and a one-off impairment charge linked to the Distell integration, the board expects a recovery in Q4 driven by year-end festive demand — and remains confident in a positive full-year result.
| Category | Q3 2025 | Q3 2024 | Change / Remarks |
|---|---|---|---|
| Turnover (Revenue) | ₦1.04 trillion | ₦703 billion | +48 % growth |
| Cost of Sales | ₦627 billion | ₦495 billion | Increase due to higher input costs |
| Marketing, Distribution & Admin Expenses | ₦254 billion | ₦184 billion | +38 % reflecting brand investments |
| Pre-Tax Profit (Loss) | ₦129.47 billion | (₦203 billion) | Returned to profitability |
| Net Profit (Loss) | ₦85.5 billion | (₦149.5 billion) | Positive turnaround |
| Earnings per Share (EPS) | ₦2.75 | (₦14.55) | Major recovery |
| Distell Integration | Fully completed | — | Strengthens wine & spirits portfolio |
| New Facility | Ibadan Brewery | — | Producing Distell brands like Chamdor and 4th Street |
| Outlook | Positive for Q4 | — | Expected boost from festive demand |
Nigerian Breweries Plc delivered a strong rebound in Q3 2025, posting a ₦1.04 trillion turnover — a 48 % increase year-on-year. The company returned to profitability with ₦85.5 billion in net profit after a major loss in 2024. This turnaround was driven by pricing strategy, premium brand performance, and benefits from its rights issue.
The successful integration of Distell Wines & Spirits Nigeria positions the company as a “Total Beverage Company,” expanding its portfolio beyond beer into wines, spirits, and ready-to-drink products. Despite ongoing inflation and cost pressures, management anticipates sustained growth into Q4 2025.
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