Kayode Tokede
Following a 119.25 per cent progress in revenue tax expense, (*9*) Breweries Plc yesterday introduced unaudited 9 months ended September 30, 2026 with revenue after tax closing at N54.5 billion, a 5.74 per cent from N57.83 billion reported in 9 months ended September 30, 2025.
(*9*) Breweries in the interval posted N35.93 billion revenue tax expense in 9 months of 2026 from N16.39billion in 9 months of 2025, a vital issue that led to 5.74 per cent drop in revenue after tax.
The brewery marker on the Nigerian Exchange Limited (NGX) disclosed that its revenue earlier than tax, nonetheless, closed 9 months of 2026 at N90.44 billion, about 21.86 per cent improve when put next to N74.22 billion reported in 9 months ended September 30, 2025.
The firm in its revenue & loss figures declared N482.61billion income in 9 months of 2026, representing a rise of two.12 per cent from N472.6 billion in 9 months of 2025.
Despite double digit inflation, (*9*) Breweries posted N286.7 billion price of gross sales in 9 months of 2026, which is 8.02 per cent drop from N311.64 billion in 9 months of 2025.
With the curiosity in income and drop in price of gross sales, the corporate declared N195.94 billion gross revenue in 9 months of 2026, about 21.76 per cent improve over N160.93 billion in 9 months of 2025.
The enchancment means that the brewer generated extra gross revenue from every naira of gross sales, though rising working bills continued to soak up a part of these features.
Administrative, advertising, and distribution bills elevated 26.1 % to N116.16 billion from N92.09 billion in the 9 months to September 2025.
The improve displays greater spending throughout working and industrial actions, together with promoting, promotion, and distribution bills, which rose to N75.14 billion from N54.98 billion.
From the steadiness sheet place, the corporate declared a complete belongings of N692.03 billion as of September 30, 20026, down by 6.45 per cent from N739.74 billion in 2025.
Property, plant and gear elevated to N370.36 billion from N339.53 billion, reflecting continued funding in the corporate’s productive belongings.
Current belongings declined to N273.63 billion from N314.34 billion, largely due to the discount in money and money equivalents and inventories.
Total liabilities fell to N221.70 billion from N239.92 billion. The firm disclosed that it had no excellent loans or overdrafts on the finish of the reporting interval, though it continued to carry lease liabilities.
AB InBev Nigeria Holdings BV held a 96.01 per cent fairness curiosity in (*9*) Breweries at September 30, in accordance to the submitting, leaving a free float of two.55 per cent.
The brewer’s earnings per share declined to N0.32 for the 9 months, from N0.34 in the corresponding interval of 2025.
The firm closed yesterday at N9.30 per share on the Exchange . (*9*) Breweries started the 12 months with a share worth of N14.00 however has since misplaced 50.54 per cent Year until Date (YtD) of that valuation.
