Guinness Nigeria Closes Extended Financial Year With Strong Growth And Renewed Momentum

 

Guinness Nigeria Plc has announced its audited financial results for the eighteen-month period ended 31 December 2025, delivering strong growth and improved profitability despite a competitive and evolving 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), and represents its first full audited reporting cycle under Tolaram’s ownership. This also follows the celebration of 75 years of operations in Nigeria, marking 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 rose by 152% to ₦230.5 billion, supported by improved productivity and disciplined cost management. Operating profit grew significantly by 251% to ₦89.3 billion, reflecting strengthened commercial execution and operational efficiency. The company recorded a net profit after tax of ₦41.2 billion, marking a substantial turnaround from the ₦54.7 billion loss reported in the previous financial year.

Commenting on the results, Prof. Fabian Ajogwu, SAN, Chairman of the Board, said:

“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.

Guinness Nigeria is the foremost Total Beverage Alcohol company in Nigeria with a wide portfolio of brands catering to consumers of non-alcohol and alcohol beverages including Malts, Ready-to-Drinks, Spirits, Stout & Beers. Some of its well-known and well-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, Smirnoff Pineapple Punch, amongst others.

With a very clear ambition – “To be one of the best performing, most trusted and respected consumer products companies in Nigeria”, Guinness Nigeria delivers on its commitment to sustainability and responsibility through three focus areas: Advancing Responsible Drinking, Positively impacting Communities, and Environmental Stewardship. The company continues to be a champion for responsible drinking and community development.