Guinness Nigeria has made a return to profitability, posting a net profit of N16.2 billion for the financial year ended June 30, 2025. This marks a turnaround from the N54.8 billion loss reported in the previous year, a 130 percent swing that highlights the recent strategic shifts, particularly following Tolaram’s acquisition.
This is according to the company’s unaudited financial statement for the financial year ended June 30, 2025.
Revenue for the period surged to N496.6 billion, up 66 percent from N299.5 billion in FY 2024. However, that top-line growth was closely followed by a 67 percent spike in cost of sales, resulting in a slight dip in gross margin, from 30.5 percent to 29.9 percent.
