Guinness Nigeria Posts 53% Rise In Nine-Month Profit To ₦40.69bn, Declares Additional ₦7 Interim Dividend Per Share

The company’s unaudited financial results for the period show that revenue grew from ₦335.07 billion in the corresponding period of 2025, while profit after tax rose from ₦26.59 billion. Profit before tax also increased by 55.3%, from ₦39.69 billion to ₦61.65 billion, underscoring the company’s improved earnings performance.

Gross profit climbed by 20.4% to ₦151.38 billion, compared with ₦125.72 billion in the prior-year period. Profit from operating activities increased by 23.4% to ₦64.98 billion, up from ₦52.64 billion, demonstrating growth in operating earnings despite higher administrative, marketing and distribution expenses.

A significant contributor to the improved bottom line was the reduction in finance expenses, which fell by 61.9% to ₦5.83 billion from ₦15.30 billion in the corresponding period of 2025. Earnings per share also strengthened, rising to 1,858 kobo from 1,214 kobo.

Reflecting the company’s sustained profitability and financial performance, the Board approved an additional interim dividend of ₦7.00 per share, representing a distribution of approximately ₦15.33 billion. This brings total interim dividends declared for the financial year to ₦16.00 per share, comprising ₦2.00 per share following the first quarter, ₦7.00 per share following the second quarter and the latest ₦7.00 per share declaration. The additional dividend reflects the Board’s confidence in the company’s financial performance and commitment to delivering long-term value for shareholders.

Commenting on the results, Prof. Fabian Ajogwu, SAN, Chairman of the Board, said: “These results reflect the progress Guinness Nigeria is making in strengthening its financial performance and building a more resilient business. The continued growth in revenue and profitability, alongside our disciplined approach to financial management, provides a solid foundation for the next phase of our journey. Our commitment remains to provide strong governance, support sustainable business growth and deliver enduring value to our shareholders.”

Girish Sharma, Managing Director and Chief Executive Officer of Guinness Nigeria Plc, added: “Our nine-month performance reflects the progress we are making in strengthening the business and improving profitability. Revenue growth, higher operating earnings and a significant reduction in finance costs have contributed to a stronger bottom line. While the operating environment remains dynamic, we remain focused on disciplined execution, operational efficiency and delivering sustainable value for our consumers, customers and shareholders.”

The company recorded revenue of ₦138.29 billion in the third quarter, representing growth of 41% from ₦98.07 billion in the corresponding quarter of 2025. Quarterly profit after tax rose to ₦15.39 billion from ₦10.08 billion, further contributing to the company’s nine-month performance.

As Guinness Nigeria progresses through the final quarter of 2026, its focus remains on building on revenue growth, strengthening operating performance and maintaining financial discipline. The company remains committed to serving consumers, supporting customers and creating sustainable value for shareholders and other stakeholders across Nigeria.