By Stanley Onyeka, Lagos
Nigerian Breweries has assured all stakeholders that the company is now firmly set on a growth trajectory, with a tripled leap in operating profit for the year from N70billion in 2024 to N205billion in 2025, amid a volatile operating environment.
The Managing Director and. Chief Executive Officer (MD/CEO), Thibaut Boidin, unveiled this to journalists during the Pre-AGM media briefing, held on Friday in Lagos.
Boidin in his statement, described 2025 as a year of recovery, which marked a clean turnaround with strong execution converting strategy into tangible results.
These include revenue rebound, operating excellence, profitability pivot and cash flow strength despite the harsh economic conditions characterised by high inflation rate, rising cost structure, declining purchasing power, borrowing cost, foreign exchange reliance and government policy.
This, notwithstanding, the CEO expressed optimism that everything is moving to the right direction due to future unique footprints and policies made by both management team and their subunits, targeted at positioning Nigerian Breweries as a major stakeholder in the nation’s brewery industry.
2025 was a year of recovery, which marked a clean turnaround with strong execution converting strategy into tangible results.
Also speaking, the Finance Director, Maria Karaseva, gave an insight into the financial records buoyed by exchange rate stability.
Accordingly, there was:
- 35% accretion in Net Revenue to
N1.467trillion 2025 fromN1.084N1.467trillion in 2024; - 77% jump in Gross Profit to
N565 billion in 2025 fromN320 billion in 2024; and, - 168% leap in Net Profit to
N99billion in 2025 from –N145billion in 2024.
Karaseva also informed that the brewery giant is building a sustainable growth model even as its retained earnings remain negative due the previous year’s losses in 2023 and 2024, thereby delaying dividends payment to shareholders.
However, she noted that with the company returning to a clear profitability trajectory where it now has nine operating breweries, 15 sales regions, 21 depots and premium brand growth in 2025.
This includes Heineken (13% growth), Desperados (22% growth), Legend (20% growth), Maltina (40% growth), and Tiger huge growth especially in eastern Nigeria.
The Corporate Affair Director, Uzodinma Odenigbo, in his further highlight of the company’s performance, said the year under review was not only of financial recovery, but also of improved employee welfare, huge market share, and growth in brand power, improved gross margin, innovation and market execution.
