Nigerian Breweries Grows Turnover to ₦1.04 Trillion in Q3 2025, Completes Distell Nigeria Integration
Nigerian Breweries Plc has recorded a strong rebound in performance, growing its turnover by 48 percent to ₦1.04 trillion in the third quarter of 2025. The surge, according to the company’s financial report for the nine months ended September 30, 2025, was driven by expanded consumer sales activities and the successful integration of Distell Nigeria into its operations. The integration followed the brewer’s full acquisition of Distell Nigeria in March 2025.
The company’s report showed that total revenue rose sharply from ₦703 billion in Q3 2024 to ₦1.04 trillion in Q3 2025. Cost of sales increased to ₦627 billion from ₦495 billion in the same period last year, while marketing, distribution, and administrative expenses climbed 38 percent to ₦254 billion, reflecting heightened brand and market expansion efforts. Despite rising input costs and double-digit inflation, Nigerian Breweries delivered a major turnaround, posting a pre-tax profit of ₦129.47 billion compared to a ₦203 billion loss in 2024.
After-tax profit stood at ₦85.5 billion for the quarter, reversing a net loss of ₦149.5 billion a year earlier. Earnings per share also swung to a positive ₦2.75 from a loss of ₦14.55 in the corresponding period. Company Secretary and Legal Director, Uaboi Agbebaku, credited the performance to effective pricing, operational efficiencies, and the company’s premium product strategy, which strengthened its market leadership.
Agbebaku explained that the company’s premiumisation drive and enhanced distribution network contributed significantly to revenue growth and profitability. “The group’s revenue grew by 47 percent, supported by appropriate pricing and strong performance of the premium portfolio,” he said. He also noted that the 2024 rights issue played a key role in stabilizing the company’s finances. Although the third quarter experienced a seasonal slowdown and one-off impairment from the Distell integration, Nigerian Breweries expects a strong rebound in the final quarter of the year, driven by festive demand.
Corporate Affairs Director, Uzodinma Odenigbo, confirmed that the company has completed the installation of a state-of-the-art manufacturing line for Distell brands at its Ibadan Brewery. The move, he said, aligns with Nigerian Breweries’ vision of becoming a “Total Beverage Company”—expanding beyond beer into wines, spirits, and ready-to-drink beverages. With Distell’s integration, the brewer now boasts an expanded portfolio including popular brands such as Chamdor and 4th Street, reinforcing its leadership in Nigeria’s fast-evolving beverage market.
source: The nation