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%.