Guinness Nigeria’s Profitability Rebounds with ₦41.2 Billion Net Profit After Tax
Guinness Nigeria Plc has announced its audited financial results for the eighteen-month period ending 31 December 2025, highlighting significant growth and a recovery in profitability despite a competitive and dynamic operating environment.
The reporting period reflects the company’s transition to a new financial year-end of 31 December, extending the financial year from 1 July 2024 to 31 December 2025 (18 months). This marks its first complete audited reporting cycle under Tolaram’s ownership and follows the celebration of 75 years of operations in Nigeria, a legacy defined by resilience, adaptability, and enduring consumer trust.
For the period under review, revenue increased by 144% to ₦730.8 billion, compared to ₦299.5 billion in the twelve months ended June 2024. Gross profit grew by 152% to ₦230.5 billion, supported by enhanced productivity and disciplined cost management. Operating profit saw a remarkable increase of 251%, reaching ₦89.3 billion, reflecting improved commercial execution and operational efficiency. The company recorded a net profit after tax of ₦41.2 billion, a substantial turnaround from the loss of ₦54.7 billion reported in the previous financial year.
Commenting on the results, Prof. Fabian Ajogwu, SAN, Chairman of the Board, stated:
“These audited results reflect the resilience of Guinness Nigeria and the disciplined execution of our strategy during a pivotal period for the company. As we build on a 75-year legacy in Nigeria, the Board is encouraged by the company’s improved financial strength and sustained performance momentum. We remain firmly committed to delivering long-term value to our shareholders and stakeholders.”
Girish Sharma, Managing Director/CEO, added:
“Closing this extended financial year with such a strong performance demonstrates the progress we have made in reshaping our business for sustainable success. Our first full reporting cycle following the transition underscores the effectiveness of our sharpened commercial focus and operational discipline. As we move into a new financial cycle, we are intent on accelerating growth, embedding a high-performance culture with an entrepreneurial mindset, and delivering sustainable value across our portfolio.”
Guinness Nigeria remains committed to disciplined execution, responsible business practices, and delivering sustainable growth in the years ahead.
**About Guinness Nigeria Plc**
Guinness Nigeria is the leading Total Beverage Alcohol company in Nigeria, with a diverse portfolio of brands catering to consumers of both non-alcoholic and alcoholic beverages, including Malts, Ready-to-Drinks, Spirits, Stouts, and Beers. Its well-known and highly respected brands include Guinness Foreign Extra Stout, Guinness Smooth, Malta Guinness, Orijin Bitters, Dubic Malt, Gordons Pink Berry, Gordons Orange Sunset, Smirnoff Ice, Smirnoff X1 Choco Vodka, and Smirnoff Pineapple Punch, among others.
Guided by its clear ambition — “To be one of the best performing, most trusted and respected consumer products companies in Nigeria” — Guinness Nigeria is dedicated to sustainability and responsibility through three focus areas: advancing responsible drinking, positively impacting communities, and environmental stewardship. The company continues to champion responsible drinking and community development.