Guinness Nigeria Achieves business recovery with strong 18-month financial results

Guinness Nigeria Plc has announced its audited financial results for the eighteen-month ending 31 December 2025, reporting strong revenue growth and a significant recovery in profitability, reinforcing its market resilience and strategic alignment with parent company Diageo despite operating in a highly competitive and rapidly evolving business environment.

The reporting period reflects the company’s transition to a new financial year-end of 31 December, extending the financial year from 1 July 2024 to 31 December 2025 (18 months), and represents its first full audited reporting cycle under Tolaram’s ownership.

It’s also follows the celebration of 75 years of operations in Nigeria, marking a legacy defined by resilience, adaptability, and enduring consumer trust.

For the period under review, revenue increased by 144% to ₦730.8 billion, compared to ₦299.5 billion in the twelve months ended June 2024. Gross profit rose by 152% to ₦230.5 billion, supported by improved productivity and disciplined cost management.

Operating profit grew significantly by 251% to ₦89.3 billion, reflecting strengthened commercial execution and operational efficiency. The company recorded a net profit after tax of ₦41.2 billion, marking a substantial turnaround from the ₦54.7 billion loss reported in the previous financial year.

Commenting on the results, Prof. Fabian Ajogwu, SAN, Chairman of the Board, said:

“These audited results reflect the resilience of Guinness Nigeria and the disciplined execution of our strategy during a pivotal period for the company.

As we build on a 75-year legacy in Nigeria, the Board is encouraged by the company’s improved financial strength and sustained performance momentum. We remain firmly committed to delivering long-term value to our shareholders and stakeholders.”

Managing Director/CEO, Girish Sharma, added: “Closing this extended financial year with such a strong performance demonstrates the progress we have made in reshaping our business for sustainable success. Our first full reporting cycle following the transition underscores the effectiveness of our sharpened commercial focus and operational discipline. As we move into a new financial cycle, we are intent on accelerating growth, embedding a high-performance culture with an entrepreneurial mindset, and delivering sustainable value across our portfolio.”

Guinness Nigeria remains committed to disciplined execution, responsible business practices, and delivering sustainable growth in the years ahead.