International Breweries Plc released its unaudited results for the period ended June 30, 2025, showing a significant improvement in performance.

The company reported earnings per share of N0.07, a stark contrast to the loss per share of N1.76 in 2024.

This impressive turnaround translates to earnings per share of N0.25 for half year 2025, up from a loss per share of N3.98 in 2024.

Key highlights of the unaudited financial performance shows that revenue increased by 39.5% year-over-year, driven by pricing gains, route-to-market optimization, product innovation, and brand repositioning initiatives.

Gross margin improved significantly, expanding by 888 basis points year-over-year to 37.0%, supported by strong revenue growth and reduced exposure to FX-sensitive inputs.

The company posted positive EBIT and EBITDA margins in second quarter of 2025, reversing the negative print recorded in 2024, with EBIT margin at 14.7% and EBITDA margin at 24.3%.

The company recorded a net finance income of N1.94 billion, primarily driven by a substantial rise in finance income and a decline in finance costs.

Market watchers believe that the company’s strategic shift towards cost optimization, including energy transition and localization of inputs, is expected to support sustained margin recovery and profitability.

However, elevated consumer price sensitivity may limit pricing flexibility, and disciplined cost management will be crucial to preserving earnings momentum.