Champion Breweries reports strong H1 2026 performance amid strategic expansion

Champion Breweries Plc has announced robust unaudited financial results for the first half of 2026, concluding June 30. The company's performance was driven by strong commercial activities, enhanced operational efficiencies, and the strategic expansion of its business portfolio, notably following the acquisition of EnjoyBev B.V.

“

The first half of 2026 marks a defining chapter in Champion Breweries’ journey. We have not only delivered a strong operating performance but also successfully transformed our business into a broader beverage group with an expanded platform for sustainable growth.

This period marked a significant transformation for Champion Breweries, as it solidified its growth platform through strategic investments and successfully transitioned to a new group structure. Group revenue for the half-year reached N35.73 billion, with the second quarter contributing N21.37 billion. Operating profit stood at N6.17 billion, and profit after tax attributable to the Group was N2.65 billion, including N1.76 billion in the second quarter.

The company also successfully acquired an 80% equity interest in EnjoyBev B.V. and bolstered its capital base via a successful capital raising program, increasing shareholders' equity to N69.08 billion. Champion Breweries maintained full compliance with Nigerian Exchange free float requirements, with its free float rising to 25.72% as of June 30, 2026.

“

While higher finance costs associated with our strategic investment programme impacted profitability during the period, our underlying business remains strong.

Acting Managing Director Mr. Rasheed Adebiyi commented on the results, stating, "The first half of 2026 marks a defining chapter in Champion Breweries’ journey. We have not only delivered a strong operating performance but also successfully transformed our business into a broader beverage group with an expanded platform for sustainable growth." He acknowledged that higher finance costs impacted profitability but affirmed that the underlying business remains strong. Adebiyi expressed confidence in the company's disciplined commercial execution, continued investment in brands and route-to-market capabilities, and improving operational efficiency positioning them well for future growth and long-term shareholder value.

“

The combination of disciplined commercial execution, continued investment in our brands and route-to-market capabilities and improving operational efficiency positions us well for future growth.