Guinness Nigeria Plc Q1 2026 – Revenue Growth Amid Cost Pressures

Highlights

• Revenue increased by 4% year on year (YoY) from N118.34 billion in Q1 2025 to N122.77 billion in Q1 2026.
• Profit after tax (PAT) increased by 48% YoY from N7.03 billion to N10.39 billion in Q1 2026.
• Earnings Per Share increased from N3.21k to N4.74k.
• Shareholders’ funds moved from a negative position of (N5.22 billion) in FY 2025 to a positive position of N5.17 billion in Q1 2026.

Outlook

Guinness Nigeria Plc expects to continue to benefit from its strong brand portfolio across Nigeria, e.g. Guinness, Malta Guinness and Orijin. With Nigerians being the second largest consumer of Guinness stout, we expect the company to continue to grow at the top line.

However, rising operating costs remain a concern, and this will depend on the Company’s ability to pass on higher input costs to consumers without affecting volumes. i.e. is demand for the brand inelastic enough to fence off a margin squeeze?

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