Stakeholders, Analysts Praise Nigerian Breweries’ Q1 2025 Report, Foresee Stronger Performance Ahead

Players in the Nigerian financial services sector have commended the financial performance of Nigerian Breweries Plc in the first quarter of 2025, suggesting it not only signals a return to rewarding shareholder value but also indicates stability and growth in the brewery industry.

Nigerian Breweries recently released its Q1 2025 financial results, posting excellent performance across all key indicators. Total assets grew to N1.144 billion in 2025, up from N1.138 billion in the same period of 2024. Revenue also soared to ₦383.64 billion, resulting in a gross profit of ₦166.57 billion.

Similarly, profit after tax for the period stood at ₦44.55 billion, a significant improvement compared to a loss of ₦52.09 billion in Q1 2024. Basic earnings per share rose to N1.43 kobo, up from a drop of N5.07 kobo in the same period the previous year.

Commenting on the results, the Managing Director of Crane Securities, Mike Eze, praised the company’s swift return to profitability and expressed optimism that the performance would spur increased capital market activity.

Eze believes the strong results will boost investor interest in the company’s stocks ahead of the full-year results expected in September. He urged management to sustain the performance to enhance shareholder value.

“Nigerian Breweries is a top performer on the Nigerian Exchange, and the challenges of the past two years significantly impacted the capital market. Investor confidence was shaken. Although the results were not impressive at the time, I was among those who expressed confidence that the company, given its track record, would bounce back and reaffirm its status as a long-term investment worth,” the stockbroker stated.

Also reacting, Chibueze Onah, CEO of Abuja-based investment firm Francona Services, commended Nigerian Breweries for overcoming forex-related challenges that had previously led to poor results and for steering the company back to profitability.

Onah attributed the past financial setbacks mostly to external factors, noting that with the relative stability in the foreign exchange market, companies like Nigerian Breweries—which are directly affected by exchange rate volatility—would see improved performance.

“The volatile forex market in Nigeria over the past two years destabilized many businesses, regardless of size. Planning and projections became nearly impossible as capital and inputs were subject to unpredictable shocks. However, with the increasing stability, businesses can now plan better and allocate resources more efficiently. It is encouraging to see Nigeria’s leading brewer posting positive numbers, giving investors greater confidence in sustained results as the year progresses,” he said.

Onah also praised the company’s cost-containment measures, stating that with more efficient utilization of capital and resources, stakeholders can expect sustained performance improvements.