H1: Champion Breweries Declares N35.73bn Revenue, 34.13% Profit Decline
Kayode Tokede
Champion Breweries Plc has announced a profit before tax of N2.28 billion for the half year ended June 30, 2026, about 34.13 per cent drop from N3.46 billion reported in the same period in 2025.
The results, which was released to the Nigerian Exchange Limited (NGX), showed that the declined in profitability came despite a strong revenue performance, as the benefit of higher sales was offset by increased cost pressures, particularly a sharp rise in finance costs, which climbed to N4.91 billion from N403.7 million in the prior-year.
The company declared N35.73 billion revenue in H1 2026, which is 124.25 per cent increase over N15.9 billion in H1 2025.
