NIGERNAIJAONPOINT spent an estimated ₦1.54 trillion on beer and other beverages in the first nine months of 2025, according to unaudited financial statements released by the country’s three major listed brewing companies.
Data from Nigerian Breweries Plc, International Breweries Plc and Champion Breweries Plc indicate strong consumer demand despite rising production costs and broader economic pressures.
Nigerian Breweries Plc accounted for the largest share of sales, recording ₦1.05 trillion in net revenue between January and September 2025, up from ₦710.87 billion in the corresponding period of 2024.
The company also returned to profitability, posting a profit after tax of ₦85.51 billion, compared with a ₦149.50 billion loss a year earlier.
International Breweries Plc followed with ₦472.57 billion in revenue, an increase from ₦343.45 billion in 2024.
The brewer similarly rebounded into profit, reporting ₦57.83 billion after tax, reversing a ₦112.81 billion loss recorded in the previous year.
Champion Breweries Plc, though smaller in scale, also posted strong growth.
Revenue rose to ₦21.44 billion from ₦14.02 billion in 2024, while profit after tax jumped sharply to ₦2.05 billion from ₦21.5 million.
The figures underscore the resilience of Nigeria’s beer market, driven largely by strong brand loyalty and extensive distribution networks.
However, analysts note changing consumer behaviour, with some Nigerians cutting back on beer consumption, prompting brewers to reassess their strategies.
Despite inflationary pressures and rising input costs, the sector’s return to profitability in 2025 after losses in 2024 highlights its continued relevance in Nigeria’s consumer goods market and its capacity to withstand economic headwinds.