Guinness Nigeria Plc reported strong financial performance for the nine months ended September 30, 2026, with revenue rising 20.4% to N403.33bn and profit after tax increasing 53.1% to N40.69bn, reflecting improved profitability and lower finance costs.
The company’s unaudited financial results for the period show that revenue grew from N335.07bn in the corresponding period of 2025, while profit after tax rose from N26.59bn. Profit before tax also increased by 55.3%, from N39.69bn to N61.65bn, underscoring the company’s improved earnings performance.
Gross profit climbed 20.4% to N151.38bn, up from N125.72bn in the prior-year period. Profits from operating activities rose 23.4% to N64.98bn from N52.64bn, reflecting higher operating earnings despite higher administrative, marketing, and distribution expenses.
A key driver of the improved bottom line was the 61.9% reduction in finance expenses, which fell to N5.83bn from N15.30bn in the corresponding period of 2025. Earnings per share also strengthened, rising to 1,858 kobo from 1,214 kobo.
Reflecting the company’s sustained profitability and financial performance, the Board approved an additional interim dividend of N7.00 per share, representing a distribution of approximately N15.33bn.
This brings total interim dividends declared for the financial year to N16.00 per share, comprising N2.00 per share following the first quarter, N7.00 per share following the second quarter and the latest N7.00 per share declaration.
The additional dividend reflects the Board’s confidence in the company’s financial performance and commitment to delivering long-term value for shareholders.
Commenting on the results, Prof. Fabian Ajogwu, SAN, Chairman of the Board, said: “These results reflect the progress Guinness Nigeria is making in strengthening its financial performance and building a more resilient business.
”The continued growth in revenue and profitability, alongside our disciplined approach to financial management, provides a solid foundation for the next phase of our journey. Our commitment remains to provide strong governance, support sustainable business growth and deliver enduring value to our shareholders.”
Girish Sharma, Managing Director and Chief Executive Officer of Guinness Nigeria Plc, added: “Our nine-month performance reflects the progress we are making in strengthening the business and improving profitability.
”Revenue growth, higher operating earnings, and a significant reduction in finance costs have strengthened the bottom line.
”While the operating environment remains dynamic, we remain focused on disciplined execution, operational efficiency, and delivering sustainable value for our consumers, customers, and shareholders.”
The company recorded revenue of N138.29bn in the third quarter, up 41% from N98.07bn in the corresponding quarter of 2025. Quarterly profit after tax rose to N15.39bn from N10.08bn, further contributing to the company’s nine-month performance.
As Guinness Nigeria enters the final quarter of 2026, it remains focused on building revenue growth, strengthening operating performance, and maintaining financial discipline. The company remains committed to serving consumers, supporting customers, and creating sustainable value for shareholders and other stakeholders across Nigeria.
