Guinness Nigeria spent N28.16 billion on property, plant, equipment and intangible assets, leaving about N23.40 billion in operating cash after capital expenditure. Financing activities then recorded a net outflow of N30.60 billion.
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.
Tolaram's 58.02 percent stake in Guinness Nigeria has grown from $70 million to about $355 million in just over two years.
The brewer has returned to profitability after years of foreign exchange losses and balance sheet pressure.
The...
February 18, (THEWILL) — After a challenging prior year, Guinness Nigeria Plc has staged a strong financial comeback, posting robust revenue growth and a decisive return to profitability in its audited results for the 18-month period ended 31...
