Nigerians Spend N1.54tn on Beer, Others in Nine months

Major listed breweries in Nigeria generated a combined revenue of over N1.54tn from the sale of beer and other non-alcoholic drinks in the first nine months of 2025, indicating the estimated amount spent by Nigerians on brewery products during the review period, an analysis by The PUNCH shows.

Nigerians Spend N1.54tn on Beer, Others in Nine months

According to the unaudited financial statements of Nigerian Breweries Plc, International Breweries Plc, and Champion Breweries Plc for the nine months ended September 30, 2025, the companies collectively recorded strong top-line performance driven largely by beer sales.

Nigerian Breweries Plc, the largest brewer in the country, recorded net revenue of N1.05tn for the period, up from N710.87bn in the corresponding period of 2024. Cost of sales stood at N631.23bn, resulting in a gross profit of N415.15bn.

After accounting for selling and distribution expenses of N193.85bn, administrative expenses of N59.58bn, finance costs of N39.15bn, and other charges, the company posted a profit after tax of N85.51bn, compared with a loss of N149.50bn in 2024. Basic earnings per share rose to 275 kobo from a loss of 1,455 kobo in the previous year.

In March, Nigerian Breweries Plc announced a return to profitability in the first quarter of 2025, reporting a 186 per cent increase in net profit compared to the same period in 2024. The unaudited financial results released on the Nigerian Exchange Limited showed that revenue for the period ended March 31, 2025, rose to N383.6bn, representing a 68.9 per cent increase from N227.1bn recorded in the first quarter of 2024.

International Breweries Plc, which operates in Nigeria and other West African markets, generated revenue of N472.57bn for the nine months ended September 30, 2025, up from N343.45bn in the same period of 2024.

The company reported a profit after tax of N57.83bn, reversing a loss of N112.81bn in 2024. Cost of sales increased to N311.64bn from N248.58bn, while administrative, marketing, and distribution expenses rose to N92.09bn from N72.68bn.

The PUNCH earlier reported that International Breweries Plc posted a profit of N11.9bn for the second quarter ended June 30, 2025, marking a turnaround from a loss of N47.3bn in the same period last year. The company’s unaudited financial statements showed revenue increased to N167.4bn in Q2 2025 from N120bn in Q2 2024, while gross profit rose to N61.9bn from N33.8bn.