🇳🇬NigeriaWest Africa
International Breweries reports N88.9bn pre-tax profit in 2025, marking a significant turnaround
via Punch Nigeria20 hours ago2 min read
International Breweries announced a record N88.9 billion pre-tax profit in 2025, transitioning from a loss to significant profitability. The audited financial statements released on the Nigerian Exchange showed a pre-tax profit of N88.95 billion, exceeding an earlier unaudited estimate. This performance represents a recovery from the N111.8 billion loss reported in the prior year, driven by aggressive revenue growth and reduced foreign exchange volatility. Total revenue surged to N619.04 billion, a 26.6 percent year-on-year increase from N488.9 billion in 2024, with sales entirely from the Nigerian market's brewed products. Despite rising costs of sales, gross profit increased by nearly 60 percent to N209.6 billion. Other losses dropped sharply to N2.8 billion from N136.1 billion due to reduced foreign exchange pressures, leading to an operating profit of N82.8 billion. Earnings per share recovered to N0.30 from a N1.16 loss per share. Total liabilities declined to N239.9 billion, and total equity strengthened to N499.8 billion. Despite a post-tax profit of N50.9 billion, no dividend was declared as retained losses narrowed to N191.03 billion from N241.9 billion, indicating a focus on clearing historical deficits and strengthening the company's long-term financial position.
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Original source
This summary was AI-generated from a story originally published by Punch Nigeria.
