Major listed brewing companies in Nigeria generated a combined revenue of over N1.54 trillion from the sale of beer and other non-alcoholic beverages in the first nine months of 2025.
The figure is based on unaudited financial statements released by Nigerian Breweries Plc, International Breweries Plc, and Champion Breweries Plc for the nine months ended September 30, 2025, which indicate strong top-line performance largely driven by beer sales.
Nigerian Breweries Plc, the country’s largest brewer, recorded net revenue of N1.05 trillion, up from N710.87 billion in the corresponding period of 2024. Cost of sales stood at N631.23 billion, resulting in a gross profit of N415.15 billion.
After accounting for selling and distribution expenses of N193.85 billion, administrative expenses of N59.58 billion, finance costs of N39.15 billion, and other charges, the company posted a profit after tax of N85.51 billion, compared to a loss of N149.50 billion recorded in 2024. Basic earnings per share rose to 275 kobo, from a loss of 1,455 kobo in the previous year.
In March, Nigerian Breweries announced a return to profitability in the first quarter of 2025, reporting a 186 per cent increase in net profit compared to the same period in 2024. Its unaudited results on the Nigerian Exchange Limited showed that revenue for the quarter ended March 31, 2025, rose to N383.6 billion, representing a 68.9 per cent increase from N227.1 billion in Q1 2024.
International Breweries Plc, which operates across Nigeria and other West African markets, generated N472.57 billion in revenue for the nine months ended September 30, 2025, up from N343.45 billion in the same period of 2024.
The company recorded a profit after tax of N57.83 billion, reversing a loss of N112.81 billion in 2024. Cost of sales increased to N311.64 billion from N248.58 billion, while administrative, marketing, and distribution expenses rose to N92.09 billion from N72.68 billion.
International Breweries posted a profit of N11.9 billion for the second quarter ended June 30, 2025, marking a turnaround from a loss of N47.3 billion in the same period of the previous year. Revenue rose to N167.4 billion in Q2 2025 from N120 billion in Q2 2024, while gross profit increased to N61.9 billion from N33.8 billion.
Champion Breweries Plc recorded revenue of N21.44 billion for the nine months ended September 30, 2025, up from N14.02 billion in the same period of 2024. The company posted a profit after tax of N2.05 billion, compared with N21.50 million in the previous year. Cost of sales rose to N11.14 billion from N8.13 billion, while selling and distribution expenses increased to N4.24 billion from N3.25 billion.
Overall, the combined revenue of the three breweries stood at N1.54 trillion, with Nigerian Breweries Plc accounting for the bulk of total sales during the period.
