Nigeria’s financial sector has lauded Nigerian Breweries Plc’s first-quarter 2025 results, signaling a potential return to rewarding shareholders and industry stability.
The company released their first quarter financial result for 2025, where it posted impressive result 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 N383.64 billion, resulting in a gross profit of N166.57 billion.
Profit after tax for the period was N44.55 billion, a significant improvement compared to the loss of N52.09 billion in for first quarter 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.
Commenting on the result, Managing Director of Crane Securities, Mike Eze, commended the company’s return to profitability and was optimistic the results will spur increased capital market activity.
Eze believes the performance will trigger greater interest in the company stocks ahead of the full year result coming in September, and urged the management to sustain the performance for increased shareholder value.
“Nigerian Breweries is a top performer in the Nigerian Exchange and the misfortunes of the past two years affected the Nigerian capital market quite significantly. People’s confidence was shaken, and although the results were not impressive, I was one of the people that spoke at the time and I recall I expressed confidence that the company, given its track record, was going to bounce back and prove once again that it is a business worth investing for the long haul,” the stockbroker stated.
Also commenting on the result, CEO of Francona Services, an Abuja-based investment analyst, Chibueze Onah, commended Nigerian Breweries for navigating the headwinds of forex-induced challenged that plunged it into poor results, and for steering the brand back to profitability.
Onah, who attributed the past negative financial results by the company to mostly external factors, said with the relative stability in the foreign exchange market, companies like Nigerian Breweries whose businesses are directly affected by exchange rate volatility, will experience significant performance uplifts.
“The volatile nature of the forex market in Nigeria over the past two years destabilized a lot of businesses, irrespective of size and scale. It was nearly impossible to plan and project, as everything from capital to inputs became subject to the shockwaves of conditions that were intractable. But with the increasing stability of the market, businesses are able to plan better and organize their resources in the directions of value returns. It is therefore gladdening to see Nigeria’s giant brewer posting positive numbers and investors are more certain of sustained results going towards the end of the year,” he stated.
He also commended the company for its cost-containment measures, saying that with increased efficient utilization of capital and other resources, stakeholders will experience a sustained enhancement in performance.
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