International Breweries Plc bounced back from a difficult 2024 and delivered strong profits.
The company recorded a profit before tax of ₦85.1 billion in 2025, reversing the ₦111.8 billion loss from the previous year.
Strong Revenue Growth
Notably, revenue rose to ₦620.1 billion, up 26.8% compared with 2024.
The fourth quarter alone contributed ₦147.5 billion, accounting for nearly a quarter of total revenue, highlighting strong year-end momentum.
Renewed demand for the company’s beverages drove most of this growth.
Cost Management And Profitability
Although the cost of sales increased to ₦415.7 billion due to higher materials and overheads, gross profit surged to ₦204.4 billion, up 55.7% from 2024.
Meanwhile, operating expenses grew to ₦128.1 billion, mainly from administration and marketing.
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However, foreign exchange losses fell sharply to ₦2.9 billion from ₦113.5 billion, significantly boosting profitability.
Furthermore, finance income increased 29.1% to ₦18.08 billion, while the company sharply reduced finance costs to ₦6.7 billion.
These factors together lifted operating profit to ₦73.7 billion, firmly returning the company to positive territory.
Strong Balance Sheet
On the balance sheet, total assets climbed slightly to ₦741.5 billion, with property and equipment remaining the largest class.
Total equity strengthened to ₦512.2 billion, mainly supported by share premium of ₦673.1 billion.
The company also narrowed retained losses to ₦178.6 billion, improving overall financial health.
Despite this performance, the market reacted cautiously, and shares fell 3.79% in February 2026 to ₦13.95.
Analysts suggest that while the short-term movement remains muted, strong fundamentals support a positive outlook.
Overall, International Breweries’ 2025 performance tells a story of resilience, decisive recovery, and a foundation for future growth.
