Guinness Nigeria Returns to Profit, Declares N2 Dividend as Investors Welcome Strong Turnaround

Guinness Nigeria Plc has made a strong comeback to profitability, marking a major milestone in its recovery journey with the declaration of a N2 interim dividend per ordinary share. The announcement was made during the company’s 75th Annual General Meeting held in Lagos, where shareholders expressed renewed confidence in the brewer’s direction and leadership.

The dividend follows the release of the company’s first-quarter 2026 financial results, reflecting a return to profit after a challenging but strategic 18-month transformation period. Management attributed the performance to disciplined execution, operational restructuring, and efforts to build a more resilient and agile business in a tough economic environment.

At the AGM, shareholders unanimously approved all resolutions, including the election and re-election of directors, as well as the appointment of Ernst & Young as the company’s independent external auditor from January 1, 2026. The approvals underscored strong investor trust in the company’s governance and long-term growth strategy.

Board Chairman Prof. Fabian Ajogwu described the period as a defining phase in Guinness Nigeria’s history, highlighting resilience and transformation as key drivers of its financial turnaround. Managing Director Girish Sharma also noted that the company has fulfilled its commitment to shareholders by delivering a dividend within a year of his appointment, adding that the business is now focused on sustained growth over the next five years.

Shareholders at the meeting expressed optimism about the company’s outlook, praising the leadership team and projecting stronger returns ahead. With renewed profitability, a clearer strategic direction, and investor confidence on the rise, Guinness Nigeria appears to be entering a new phase of steady growth and value creation.

source: The Guardian