Nigerian Breweries Plc began 2026 on a stronger footing and drove a steady recovery story.
It filed its unaudited Q1 report on the NGX and posted a pretax profit of ₦80.4 billion.
Nigerian Breweries Q1 Profit Growth Momentum
This figure rose 14.89% from ₦69.9 billion in Q1 2025, as stronger revenue drove performance.
Meanwhile, the company grew revenue from brewed products to ₦413.01 billion, up from ₦383.6 billion last year.
As a result, steady demand supported sales despite economic pressure.
However, cost pressures also increased.
The firm raised cost of sales to ₦233.1 billion from ₦217.06 billion, as production scaled up.
Even so, gross profit climbed to ₦179.8 billion, up 7.98% year on year.
Consequently, management improved margins slightly and maintained operational stability.
Revenue And Cost Balance
In addition, other income rose 22.39% to ₦923.3 million, which supported overall earnings.
On the other hand, operating expenses remained high.
The company spent ₦73.7 billion on selling and distribution.
It also incurred ₦17.7 billion in administrative costs.
Furthermore, credit losses reached ₦1.9 billion.
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As a result, operating profit rose modestly to ₦87.3 billion from ₦85.2 billion.
Stronger Balance Sheet Position
Importantly, the company cut financing pressure sharply.
It reduced net finance costs to ₦6.9 billion from ₦15.2 billion.
This reduction strengthened profitability and lifted pretax earnings.
Afterward, Nigerian Breweries paid ₦24.4 billion in tax and reported ₦55.9 billion post-tax profit, up from ₦44.5 billion.
Likewise, earnings per share improved to ₦1.80 from ₦1.43.
Meanwhile, the company strengthened its balance sheet.
It cut retained losses to ₦16.2 billion from ₦72.1 billion, which improved equity strength.
Consequently, total equity rose to ₦616.3 billion from ₦560.2 billion.
At the same time, total assets expanded to ₦1.13 trillion from ₦1.06 trillion.
Notably, property, plant and equipment stayed the largest asset base at ₦586.1 billion.
However, liabilities also increased slightly to ₦520.8 billion from ₦505.8 billion.
In particular, trade and other payables formed ₦398.7 billion of obligations.
Finally, the company released results after market close on April 23, 2026.
Therefore, investors will react in the next trading sessions.
Although the stock is down 3.05% year to date, it trades around ₦73.
Ultimately, stronger earnings may attract renewed investor interest going forward.
