By Kehinde Ibrahim, Lagos
STAKEHOLDERS have commended the financial performance of Nigerian Breweries Plc in the first quarter(Q1) 2025, suggesting it not only points to a return to the days of rewarding shareholder value but also points to stability and growth in the brewery industry.
It will be recalled that the multinational company released their Q1 2025, in which it posted excellent results across all vital indicators.
Total Assets grew to N1.144 billion in 2025, compared to N1.138 billion for the same period in 2024. Revenue also soared to N383.64 billion, resulting in a gross profit of N166.57 billion.
Along the same line, profit after tax for the period was N44.55 billion, a significant improvement compared to a loss of N52.09 billion in for first quarter 2024, while basic earnings per share stood at N1.43 kobo, up from a drop of N5.07 kobo for the same period in the previous year.
Commenting on the result, the Managing Director of Crane Securities, Mike Eze, commended the quick return to profitability of the company and was optimistic the results will spur increased capital market activity.
Eze believes the performance will trigger greater interest in the stocks of the company ahead of the full year result coming in September, and urged the management to sustain the performance for increased shareholder value.
“Nigerian Breweries is a top performer in the Nigerian Exchange and the misfortunes of the past two years affected the Nigerian capital market quite significantly.
“People’s confidence was shaken, and although the results were not impressive, I was one of the people that spoke at the time and I recall I expressed confidence that the company, given its track record, was going to bounce back and prove once again that it is a business worth investing for the long haul,” the stockbroker stated.
Also commenting on the result, CEO of Francona Services, an Abuja-based investment analyst, Chibueze Onah, commended Nigerian Breweries for navigating the headwinds of forex-induced challenges that plunged it into poor results, and for steering the brand back to profitability.
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