Players in the Nigerian financial services sector have commended the financial performance of Nigerian Breweries Plc in the first quarter of 2025, suggesting it not only points to a return to the days of rewarding shareholder value but also points to stability and growth in the brewery industry.
Nigerian Breweries, it will be recalled, released its first quarter financial results for 2025, in which it posted excellent results across all vital indicators. Total Assets grew to N1.144 billion in 2025, compared to N1.138 billion for the same period in 2024. Revenue also soared to ₦383.64 billion, resulting in a gross profit of N166.57 billion.
Along the same line, profit after tax for the period was ₦44.55 billion, a significant improvement compared to a loss of ₦52.09 billion in for first quarter of 2024, while basic earnings per share stood at N1.43 kobo, up from a drop of N5.07 kobo for the same period in the previous year.
