WATCH THE VIDEO HERE International Breweries Plc has reported a pre-tax profit of N35.06 billion for the first quarter ended March 31, 2025, recovering from a loss of N89.3 billion during the same period last year. This shift is primarily attributed to an increase in revenue and a reduction in expenses related to foreign exchange losses. Revenue from the sale of beer and non-alcoholic malt beverages rose by 68.2%, increasing from N103.2 billion in Q1 2024 to N173.6 billion. Notwithstanding, gross profit increased to N59.6 billion, which is a 106.7% rise year-over-year. Less favorably, administrative and selling expenses spiked to N27.4 billion from N21.8 billion in the prior year. Total assets were reported at N742.9 billion, reflecting a modest increase of 2.07%. Key Highlights: As of the close of trading on April 28, 2025, shares of International Breweries were priced at N8.47, with a year-to-date performance of 152.6%.
International Breweries cuts FX losses, recovers to N35 billion quarterly profit
