Champion Breweries Plc (NGX: CHAMPION) has reported a strong rebound in performance for the half-year ended June 30, 2025, delivering significant improvement across key financial indicators, including a return to profitability and double-digit revenue growth.
According to the company’s unaudited financial statements, revenue, gross profit, operating profit, and net profit all recorded substantial growth compared to the corresponding period in 2024.
Income Statement
Champion Breweries’ revenue rose by 67.0% to ₦15.93 billion in H1 2025, up from ₦9.54 billion recorded in H1 2024.
Cost of sales increased by 25.3% to ₦7.48 billion, from ₦5.97 billion in the prior year. As a result, gross profit rose sharply by 136.2% to ₦8.45 billion, compared to ₦3.58 billion in H1 2024.
Other income increased to ₦43.09 million, from ₦29.80 million in 2024.
Selling and distribution expenses increased to ₦2.24 billion, while administrative expenses rose to ₦1.76 billion, up from ₦1.07 billion in H1 2024.
Operating profit grew by 548.5% to ₦4.49 billion, compared to ₦692.26 million in the prior year.
Finance income rose to ₦139.97 million, while finance costs declined to ₦585.28 million, from ₦924.94 million in 2024.
Consequently, profit before tax (PBT) rose to ₦4.04 billion, from a ₦232.68 million loss in the corresponding period of 2024.
After a tax expense of ₦1.31 billion, profit after tax (PAT) stood at ₦2.74 billion, compared to a ₦286.34 million loss in H1 2024.
Earnings per share (EPS) rose to 30.6 kobo, compared to −3.7 kobo in 2024.
Balance Sheet
Champion Breweries’ total assets increased to ₦25.14 billion, from ₦21.35 billion in June 2024.
Major components of the assets
- Property, Plant & Equipment (PPE): ₦4.47 billion
- Inventories: ₦10.38 billion
- Trade and Other Receivables: ₦739.87 million
- Cash and Cash Equivalents: ₦2.07 billion
Total liabilities stood at ₦10.76 billion, improving from ₦12.09 billion recorded in 2024, reflecting reduced financial obligations and lower leverage.
The major component of the liabilities is the ‘Trade and Other Payables’ amountingto: ₦8.66 billion.
Shareholders’ equity increased to ₦14.42 billion, from ₦9.29 billion, supported by improved retained earnings.
Cash Flow
Net cash generated from operating activities rose to ₦2.28 billion, compared to ₦1.73 billion in 2024.
Investing activities resulted in a cash outflow of ₦1.87 billion, compared to ₦186 million in the previous year, reflecting increased capital expenditure.
Net cash used in financing activities increased to ₦2.02 billion, from ₦640.66 million in H1 2024.
Cash and cash equivalents closed at ₦2.07 billion, compared to ₦883.25 million at the beginning of the year.
The equity price of CHAMPION closed at N13.5 per share on Friday.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
