Nigerian Breweries Plc has reported a strengthened financial position in the first half of 2026, emerging debt-free with improved cash generation, positive retained earnings, and a stronger balance sheet following a strategic recovery from previous operational challenges.
The Finance Director of the company, Maria Karaseva, disclosed this during an investor call held on Friday.
According to Karaseva, the brewing giant recorded net revenue exceeding N1tn while maintaining an asset base of approximately N1tn over the six-month period, reflecting steady operational recovery and financial resilience.
She noted that the company increased its cash performance by 264 per cent, generating N73bn in net free operating cash flow compared with the corresponding period in 2025. This improvement enabled the full settlement of outstanding loans, allowing the firm to close the reporting period with zero borrowings. Related News Custodian Investment forecasts 58% rise in profit Commercio: FTSE return won’t guarantee foreign inflows NGX loses N1.65tn as index drops below 242,223 points
She added that the company’s internal productivity programme delivered N76bn in efficiency gains and expanded its gross profit margin by two percentage points. These measures helped cushion the impact of macroeconomic pressures, supporting an 18 per cent year-on-year growth in profit before tax.
