Champion Breweries Profit 2025 Set to Hit Record N3.12bn on Stable Naira and Cooling Inflation

Champion Breweries is poised to deliver its highest full-year profit in history, with analysts forecasting net income of N3.12 billion by the end of 2025. The brewery’s strong performance is being fueled by a rare period of naira stability and cooling inflation, creating favorable conditions for earnings growth, according to Lagos-based Meristem Research.

The brewery has already demonstrated impressive momentum in 2025, reporting a net income of N2.05 billion in the first nine months, up dramatically from just N21.5 million in the same period last year. Key profitability metrics also surged, with net margin, Return on Assets (ROA), and Return on Equity (ROE) climbing to 9.54%, 5.55%, and 15.08%, respectively, from marginal levels in 2024. Analysts attribute this performance to a combination of operational efficiency, revenue growth, and declining foreign exchange losses.

Champion’s improved financials are closely tied to a more stable Nigerian naira, which has strengthened by 12% year-to-date after a steep 41% drop last year. Coupled with slowing inflation, which fell to 16.05% in October 2025, the brewery has benefited from lower operating costs. Net foreign exchange losses plummeted by 85%, helping boost overall profitability, while finance income from short-term deposits further offsets financing costs.

Revenue growth has also been strong, with nine-month turnover rising 53% to N21.44 billion from N14.02 billion last year. Analysts at Meristem note that the recent acquisition of the ready-to-drink (RTD) alcoholic and energy brand Bullet, which has a presence in 14 African countries, is expected to expand Champion’s consumer base and support future revenue growth. Full-year revenue is projected at N30.5 billion, up nearly 44% from 2024, reflecting strategic diversification and market expansion.

Investor confidence appears to be returning as well. After suffering a 14% drop over the past month, Champion Breweries’ stock rebounded, closing 4.9% higher at N12.35. Year-to-date, the stock has surged 240% from its starting price of N3.81, positioning it among the top performers on the Nigerian Exchange (NGX). Analysts believe the company’s combination of stable macroeconomic conditions, strong earnings, and strategic acquisitions positions it for continued growth.

source: Business day