Guinness Nigeria Plc (NGX:GUINNESS) has announced strong unaudited financial results for the quarter ending 31 March 2026, demonstrating resilience amidst Nigeria’s challenging economic environment.
The company posted a Profit After Tax (PAT) of ₦10.39 billion, a notable 48% rise from ₦7.03 billion in the same quarter of 2025.
This underscores improved operational efficiency and a sharp fall in financing costs.
Key Financial highlights
– Revenue increased to ₦122.77 billion from ₦118.34 billion in Q1 2025, representing approximately 4% year-on-year growth.
This modest growth occurred despite wider market pressures.
– Gross Profit: Held at ₦43.48 billion (margin: 35.4%), compared to ₦44.52 billion (margin: 37.6%) previously.
The slight margin compression highlights ongoing cost pressures such as input costs and inflation.
– Operating Profit: ₦17.18 billion versus ₦17.99 billion in Q1 2025.
– Profit Before Tax (PBT): Rose to ₦15.75 billion from ₦10.28 billion, benefiting from significantly lower net finance costs.
– Net Finance Costs: Fell sharply to ₦1.43 billion from ₦7.72 billion, thanks to better balance sheet management and lower borrowing expenses.
– Earnings Per Share (EPS): Increased to ₦4.74 from ₦3.21.
The results build on the company’s strong recovery over the 18-month period ending December 2025, during which Guinness Nigeria shifted from previous losses to record a ₦41.2 billion net profit on ₦730.8 billion in revenue.
From the condensed statement of financial position as at 31 March 2026:
– Total assets: ₦238.32 billion (slightly down from ₦245.18 billion at December 2025).
– Total equity: Improved to ₦53.72 billion from ₦43.32 billion, driven by the quarterly retained earnings addition.
– The company maintained a robust asset base, with property, plant, and equipment valued at ₦132.11 billion.
Cash flow from operating activities remained healthy at ₦13.78 billion for the quarter, although net cash decreased due to substantial investments in property, plant, and equipment (₦11.48 billion outflow) and loan repayments.
The Board of Directors approved an interim dividend of ₦2.00 per ordinary share.
This equates to a total payout of approximately ₦4.38 billion based on 2.19 billion ordinary shares in issue.
Key dates for shareholders:
– Qualification Date: Monday, 20 April 2026 (close of business).
– Register Closure: From 21 April 2026.
– Payment Date: 24 April 2026
About Guinness Nigeria Plc
Guinness Nigeria Plc, a subsidiary of Diageo, is a leading beverage company listed on the Nigerian Exchange.
It has a rich history dating back to 1950 and focuses on brewing, packaging, marketing, and distributing iconic brands that form an integral part of Nigeria’s social fabric.
Guinness Nigeria’s portfolio — including Guinness Foreign Extra Stout, Guinness Smooth, Malta Guinness, Smirnoff Ice, Dubic Malt, Orijin variants, and others — continues to benefit from strong brand equity and innovation in Nigeria’s competitive beverage sector.
Administrator and Writer
