… restores retained earnings to positive
By Peter Egwuatu
Nigerian Breweries Plc, Nigeria’s foremost brewing company, has announced a strong performance for the first half of the 2026, recording a group revenue of N804 billion, representing a 9% increase over the N738 billion reported in the corresponding period of 2025.
The company has also restored its retained earnings to a positive position, further strengthening its financial health and reinforcing the success of ongoing business recovery and value creation initiatives.
According to the results released on the Nigerian Exchange Limited, NGX, the breakdown of the unaudited result for the period ended June 30 2026 revealed that the company’s operating profit grew by 8% from N152 billion in 2025 to N164 billion, notwithstanding the increase in Selling, Distribution and Administration Expenses by 20%. A further improvement in the company’s net finance expenses contributed to an 18% growth in the Profit Before Tax. The implementation of the new tax rates moderated the growth in Profit After Tax to 5%, from N161 billion in the first half of 2025 to N193 billion in the current period.
