Nigerian Breweries FY 2025 – Resilient Growth

Highlights

• Total assets declined by 6% from ₦1.06 trillion in FY 2024 to ₦1.07 trillion in FY 2025.
• Total liabilities declined by 25% from ₦674.33 in FY 2024 to ₦505.90 billion for FY 2025.
• Shareholders’ fund increased by 21% from ₦463.94 billion in FY 2024 to ₦560.22 billion in FY 2025.
• Total revenue grew by 35% from ₦1.08 trillion in FY 2024 to ₦1.47 trillion in FY 2025
• The Company returned to profitability from a ₦144.88 billion loss to a ₦99.10 billion profit.

Outlook

Nigerian Breweries has moved past the difficult phase, as was observed in FY 2025.  On the revenue side, growth should remain positive, but at a slower pace. The heavy price increases seen in 2025 are likely to ease as inflation begins to moderate. This means revenue growth will depend more on a gradual recovery in volumes, as consumer purchasing power improves.

On the cost side, there should be some relief. Easing inflation, better local sourcing, and a more stable operating environment are expected to help manage input costs. While operating expenses will still rise, the pace should be more controlled, allowing margins to improve gradually. Overall, Nigerian Breweries is positioned well for FY 2026.

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