Champion Breweries Plc has delivered the strongest financial performance in its 52-year history, with first-half revenue more than doubling after the brewer’s acquisition of the Bullet energy drink and ready-to-drink (RTD) alcoholic beverage portfolio transformed it from a regional Nigerian brewer into a pan-African beverage company with euro-denominated earnings.
The Uyo-based brewer reported group revenue of N35.73 billion for the six months ended June 30, 2026, representing a 124.2 percent increase from N15.93 billion recorded in the corresponding period of 2025. Profit after tax rose by 15.6 percent to N2.65 billion from N2.29 billion a year earlier, according to the company’s unaudited half-year financial statements.
The results are the first to fully reflect Champion Breweries’ consolidation of EnjoyBev B.V., the Netherlands-based holding company for the Bullet beverage portfolio, following the completion of its acquisition on February 26, 2026.
The transaction marks one of the most ambitious overseas acquisitions undertaken by a Nigerian consumer goods company in recent years, giving Champion control of a portfolio distributed across 14 African markets while introducing hard-currency earnings into a business previously dependent almost entirely on the Nigerian market.
