Guinness Nigeria reported a 53.1 per cent increase in backside line for the 9 months to September, relative to the identical interval of final 12 months, in accordance to the newest unaudited report of the alcoholic beverage producer.
Profit after tax stood at ₦40.7 billion, up from ₦26.6 billion a 12 months in the past, as third-quarter profit accounted for 37.8 per cent or ₦15.4 billion of the earnings posted within the interval, contributing multiple third of income.
Nigeria stays the corporate’s main market because it was chargeable for greater than 98 per cent or ₦397 billion of sales, whereas exports contributed ₦6.3 billion.
Revenue climbed to N403.3 billion from ₦335.1 billion, whereas gross profit was up by 20.4 per cent.
Guinness Nigeria is majority-owned by Singapore-based Tolaram Group, the lead developer and main fairness investor in Nigeria’s deepest sea port, the Lekki Deep Sea Port, which acquired a controlling stake of 58 per cent within the firm from Diageo in 2024.
Diageo, the British multinational proprietor of Guinness’ world operations, stated after divesting its stake that it’s sticking to the model’s possession in Nigeria regardless that it has been licensed to Tolaram on a long-term foundation.
READ ALSO: Lateef Adedimeji, Linda Ejiofor-Suleiman to star in Black Market as producers target Guinness World Record
Operating profit rose 23.4 per cent to ₦65 billion. Finance prices fell 71.9 per cent to ₦4.3 billion after the corporate sharply reduce finance expense on loans and borrowings, easing the stress on pre-tax profit, in flip boosting earnings.
Total belongings superior to ₦271.5 billion from ₦245.2 billion, lifted by a soar in inventories and property, plant & gear.
In April, Guinness Nigeria resumed dividend funds after a four-year pause, triggered by loss-making, and introduced an interim dividend per share of N₦2.00 for the primary quarter of the 12 months.
In a company announcement on Wednesday, the corporate declared an interim dividend of ₦7.00 per share for the third quarter of the 12 months, equal to a possible payout of ₦15.3 billion.
Shareholders, “whose names appear in the Register of Members as at the close of business on Friday, 30 October 2026,” are eligible for the money distribution, the corporate stated. Payment is scheduled for 13 November, it added.
Discover extra from Premium Times Nigeria
Subscribe to get the newest posts despatched to your e-mail.
