Guinness Nigeria nine-month profit jumps 53% to ₦40.69 billion

LAGOS, Nigeria — Guinness Nigeria Plc has posted a 53.1% rise in profit after tax to ₦40.69 billion for the nine months ended September 30, 2026, as revenue grew 20.4% to ₦403.33 billion and finance costs fell sharply.

The unaudited results show revenue up from ₦335.07 billion a year earlier, while profit after tax rose from ₦26.59 billion. Profit before tax increased 55.3% to ₦61.65 billion from ₦39.69 billion.

Gross profit climbed 20.4% to ₦151.38 billion, from ₦125.72 billion. Profit from operating activities rose 23.4% to ₦64.98 billion, despite higher administrative, marketing and distribution expenses.

The biggest single contributor to the improved bottom line was a 61.9% fall in finance expenses, to ₦5.83 billion from ₦15.30 billion. Earnings per share rose to 1,858 kobo from 1,214 kobo.

Third quarter

The company recorded revenue of ₦138.29 billion in the third quarter, up 41% from ₦98.07 billion. Quarterly profit after tax rose to ₦15.39 billion from ₦10.08 billion.

Additional interim dividend

The Board approved an additional interim dividend of ₦7.00 per share, a distribution of about ₦15.33 billion. Total interim dividends for the financial year now stand at ₦16.00 per share, made up of ₦2.00 after the first quarter, ₦7.00 after the second quarter and the latest ₦7.00.

Management comments

Prof. Fabian Ajogwu, SAN, Chairman of the Board, said the results reflect progress in strengthening the company’s financial performance and building a more resilient business. Girish Sharma, Managing Director and Chief Executive Officer, said revenue growth, higher operating earnings and lower finance costs had strengthened the bottom line, while the operating environment remains dynamic.