Nigerian Breweries Plc, on tuesday,  published its unaudited financial results for the period ended June 30, 2025, showcasing a remarkable improvement in performance.

The company’s profit after tax settled at N43.86 billion, reversing the N33.11 billion loss recorded in 2024.

The company’s earnings per share (EPS) skyrocketed to N1.38, a sharp rebound from a loss per share of N3.21 that was recorded in second quarter of 2024.

Market watchers noted that the strong performance was driven by strong topline growth, improved operating margins, and significantly lower net finance costs.

The company’s revenue grew by 40.8% year-over-year, supported by strong pricing and favorable mix improvements across its brand portfolio.

Notably, the revenue performance still reflects price actions implemented between half year of 2024 and first quarter of 2025., compared to prices in second quarter of 2024.

The financial result showed that Heineken recorded solid growth, supported by the rollout of its 45cl returnable bottle.

Desperados and Legend Stout also recorded notable growth, with the stout portfolio now accounting for over 40.0% of the market. While, in the non-alcoholic segment, Maltina was the key driver of growth.

Nigerian Breweries  profit before tax surged to N62.25 billion, a sharp reversal from the pre-tax loss of N50.76 billion in 2024.

Going by its successful right issue, the company’s management believes that Nigerian Breweries remains well-positioned to sustain earnings through its premiumization efforts, deeper market penetration, and improved affordability.

With cost discipline and a richer product mix in place, market analysts believed the company is expected to reinforce profitability in the near term.

The company share price closed at N72.15 kobo on tuesday July 29, 2025.