Guinness Nigeria Plc has reported a significant turnaround in its financial performance for the second quarter of 2025, driven by strong revenue growth and improved profitability margins.

The company’s revenue grew by 61.0% year-on-year to N61.53 billion, driven by increased sales in premium product categories, including Non-Alcoholic Malt, Ready-to-Serve beverages, and International Premium Spirits.

The expansion of its retail distribution network and strategic price adjustments also contributed to the revenue growth.

The strong revenue growth, combined with a net finance income of N2.02 billion, helped the company to report a pre-tax profit of N20.14 billion, marking a turnaround from the pre-tax loss of N8.25 billion recorded in the same period of 2024.

After accounting for a tax expense of N8.28 billion, the company’s profit after tax stood at N11.86 billion, compared to a loss after tax of N7.83 billion in the second quarter of 2024.

The company’s EBITDA margin improved by 240 basis points to 15.7% in the first half of 2025, despite a 31.0% increase in operating expenses.

Looking ahead, market analysts expect the company to sustain its momentum, supported by improving operational efficiencies and the synergies from Tolaram’s acquisition. However, persistent cost pressures could pose challenges to profitability growth.

Meanwhile has announced the following as new board members.

1. Prof Fabian Ajogwu, SAN – Board Chair & Independent Non-Executive Director

2. Mr Harkishin Aswani – Vice Chair & Non-Executive Director

3. Mr Girish Sharma – Managing Director (Executive)

4. Mr Mayank Kabra – Finance & Strategy Director (Executive)

5. Mr Deepak Singhal – Non-Executive Director

6. Mr John Musunga – Non-Executive Director

7. Mrs Vivien Shobo – Independent Non-Executive Director

8. Mrs Olusola Oworu– Independent Non-Executive Director

9. Mrs Bola Adesola – Independent Non-Executive Director