WATCH THE VIDEO HERE Nigerian Breweries Plc has released its financial results for the first quarter ended March 31, 2025, reporting a pre-tax profit of N69.9 billion. This is a notable recovery from a pre-tax loss of N65.5 billion in the same quarter of 2024, primarily due to increased revenue and a significant reduction in foreign exchange losses. Net revenue rose by 68.91%, increasing from N227.1 billion in Q1 2024 to N383.6 billion in Q1 2025. Despite this rise in costs, gross profits grew by 103.43%, reaching N166.5 billion compared to N81.8 billion in Q1 2024. However, the group reported N85.2 billion in profits from core operations, a significant increase of 237.48% from N25.2 billion. Finance income also grew, rising to N264.4 million, up 86.65% from N141.6 million. As of the trading day on 17th April 2025, shares of Nigerian Breweries are priced at N36.20, with a year-to-date performance of 13.13%.
Nigerian Breweries reports N69.9 billion profit in Q1 2025, on revenue growth and reduced FX losses
