Guinness Nigeria Plc’s profit after tax rose 53.1% to ₦40.69 billion in the nine months through September, alongside higher revenue and lower finance expenses at the Nigerian brewer.
The company said Nigeria accounted for more than 98% of revenue. Domestic sales brought in ₦397.04 billion during the period, compared with ₦6.29 billion in exports. Guinness Nigeria is listed on the Nigerian Exchange and is engaged in brewing, packaging, marketing and selling beverages.
Unaudited financial statements for the period ended Sept. 30 show revenue increased 20.4% to ₦403.33 billion from ₦335.07 billion in the same period of 2025. Gross profit rose to ₦151.38 billion from ₦125.72 billion, while operating profit increased to ₦64.98 billion from ₦52.64 billion. Profit before tax reached ₦61.65 billion, up from ₦39.69 billion.
Finance expenses fell to ₦5.83 billion from ₦15.30 billion a year earlier. Expenses on loans and borrowings declined to ₦5.61 billion from ₦14.66 billion, while finance income edged up to ₦2.51 billion from ₦2.35 billion.
In the third quarter, revenue was ₦138.29 billion, compared with ₦98.07 billion a year earlier. Profit after tax rose to ₦15.39 billion from ₦10.08 billion, representing about 37.8% of the nine-month total. Guinness Nigeria said quarterly gross profit increased to ₦53.91 billion from ₦36.34 billion and described margins as stable despite cost pressures it linked to global headwinds.
The board announced an interim dividend of ₦7 per ordinary share, totaling about ₦15.33 billion. The corporate-actions notice describes the dividend as proposed and subject to approval and withholding tax. Shareholders on the register by Friday, Oct. 30, 2026, qualify; payment is scheduled for Nov. 13. The company said the payout would come from distributable profits.
