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Guinness Nigeria’s nine-month profit after tax rose 53.1 percent to ₦40.69bn, while revenue increased 20.4 percent to ₦403.33bn.
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Finance expenses fell 61.9 percent to ₦5.83bn, helping lift profit before tax by 55.3 percent to ₦61.65bn.
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The board declared an additional ₦7 per share interim dividend, bringing total interim dividends for the financial year to ₦16 per share.
October 22, (THEWILL) – Guinness Nigeria Plc reported a 53.1 percent increase in profit after tax to ₦40.69bn for the nine months ended September 30, 2026, supported by higher revenue, improved operating earnings and a sharp reduction in finance costs.
The brewer’s unaudited results showed that revenue rose to ₦403.33bn from ₦335.07bn in the corresponding period of 2025, representing growth of 20.4 percent.
Profit before tax increased by 55.3 percent to ₦61.65bn from ₦39.69bn, while profit after tax climbed from ₦26.59bn to ₦40.69bn.
Gross profit grew by 20.4 percent to ₦151.38bn from ₦125.7bn, while profit from operating activities increased by 23.4 percent to ₦64.98bn, compared with ₦52.64bn a year earlier.
The results indicate that the company expanded its operating earnings alongside revenue growth, although administrative, marketing and distribution expenses also increased.
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Lower finance costs boost earnings
A major contributor to the stronger bottom line was the reduction in finance expenses, which declined by 61.9 percent to ₦5.83bn from ₦15.30bn in the corresponding period last year.
The lower financing burden helped profit before tax grow faster than operating profit, improving the company’s overall earnings performance.
Earnings per share rose to 1,858 kobo from 1,214 kobo, reflecting the increase in profit attributable to shareholders.
The board also approved an additional interim dividend of ₦7 per share, amounting to approximately ₦15.33bn.
This brings total interim dividends declared for the financial year to ₦16 per share, comprising ₦2 declared after the first quarter and ₦7 each after the second and third quarters.
The latest declaration signals the board’s willingness to return more cash to shareholders as earnings improve.
Board Chairman, Prof. Fabian Ajogwu, SAN, said the results reflected progress in strengthening the company’s financial performance and building a more resilient business.
Managing Director and Chief Executive Officer Girish Sharma said revenue growth, higher operating earnings, and lower finance costs supported profitability, adding that the company remained focused on operational efficiency and sustainable growth.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
