Guinness Nigeria Plc, the well-known beverage company, has announced some encouraging financial results for the first half of its financial year, which ended on December 31, 2024. Here’s what they reported, explained in simpler terms:
Revenue Growth:
The company made a lot more money compared to the same period last year. Specifically, their revenue—essentially the total money they earned from sales—rose by a remarkable 82.2%. It jumped from N142.6 billion in the first half of 2024 to N259.6 billion in the same time frame in 2025.
Gross Profit:
Even though the prices of goods are rising and costs are going up (thanks to inflation), Guinness Nigeria was still able to make a profit after covering their basic costs of production. Their gross profit increased by 28.4%, going from N45.94 billion to N59.01 billion. This shows that they are managing to keep their profits up despite tougher economic conditions.
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Operating Profit:
However, not everything was rosy. The company’s operating profit—money made from their core business after all operating expenses—fell by 31.3%, down to N11.26 billion from N16.4 billion. This decline is mostly due to higher costs of sales, meaning it’s costing them more to produce their products.
Narrowing Losses:
One of the bright spots in their report is that the company managed to cut its net losses significantly. Their net loss decreased by an impressive 94%, shrinking from N5.23 billion in the first half of 2024 to just N302.7 million in the first half of 2025. This means they are getting closer to breaking even, which is a positive sign.
Leadership Comments:
Omobola Johnson, the Chair of the Board, commented on these results, saying that they reflect the strength of their business strategy and their ability to adjust to constantly changing market conditions. Despite challenges, the team’s hard work has helped them achieve a significant increase in revenue and significantly lower losses. She expressed confidence in their long-term goals and their commitment to creating value for everyone involved with the company.
Girish Sharma, the Managing Director, also spoke about the results, emphasizing that the impressive revenue growth shows how well the company is doing in terms of expanding its product offerings and reach. He highlighted their focus on achieving operational excellence and engaging with stakeholders, which will help them strengthen their position in Nigeria’s fast-moving consumer goods (FMCG) sector.
Previously, it was reported that Guinness Nigeria had experienced a 31% year-on-year revenue growth for the year ending June 30, 2024, showcasing a consistent upward trend in their financial performance.
