April 28, (THEWILL) — Nigerian Breweries Plc has reported a Profit After Tax of N55.95 billion for the first quarter ended March 31, 2026, representing a 25.6 percent increase from the N44.55 billion recorded in the same period of 2025.
The company’s unaudited results also show an 8 percent rise in revenue, which grew from N383.64 billion in Q1 2025 to N413.02 billion in the period under review, reflecting steady demand and improved pricing strategies.
Cost pressures, however, persisted. Cost of Sales rose to N233.16 billion from N216.05 billion, while Selling, Distribution and Administration expenses climbed 14.2 percent to N93.41 billion, largely driven by increased marketing and sales activities.
In a statement, Company Secretary and Legal Director, Uaboi Agbebaku, said the brewer delivered a strong performance, sustaining its 2025 recovery trajectory despite a fragile and volatile operating environment, worsened by geopolitical tensions in the Middle East.
He attributed the revenue growth to effective revenue management, strong performance of premium brands, and ongoing growth initiatives.
Profitability was further supported by disciplined cost control and a significant reduction in finance expenses, which fell by 55 percent.
Managing Director Thibaut Boidin said the company’s balance sheet remains solid, with improved liquidity enhancing its financial flexibility.
He noted that stronger cash flows enabled the settlement of outstanding borrowings, further strengthening the company’s position.
Looking ahead, Nigerian Breweries said it will continue to focus on execution, cost efficiency, and risk management while implementing measures to cushion potential shocks and sustain long-term value creation.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
