Guinness declares N265bn revenue, PAT up 53% to N25.3bn

Guinness Nigeria Plc is entering a new growth phase, buoyed by a robust financial performance in the first half of 2026. The company announced revenue of approximately N265 billion and a 53 percent surge in profit after tax, reaching N25.3 billion. This strong showing reflects a strategic focus on quality growth, enhanced operational efficiency, and a fortified financial standing.

A key achievement for Guinness Nigeria during this period was the substantial improvement of its balance sheet. Shareholders' equity grew from N43.3 billion to N64.2 billion, while net debt saw a significant reduction, falling from around N37 billion to approximately N19 billion. This deleveraging effort underscores the company's commitment to building a more resilient business.

Managing Director/Chief Executive Officer Girish Sharma emphasized the company's turnaround, stating that "the days of operating with a weak balance sheet are behind us." He expressed confidence that the current stronger financial position enables Guinness Nigeria to "pursue growth, improve returns and create sustainable value for our shareholders and other stakeholders." The company's strategic priorities include continued investment in its brands, manufacturing capabilities, and distribution networks.

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We have made significant progress in strengthening our financial position while continuing to invest in the growth of the business. The days of operating with a weak balance sheet are behind us. Today, we are in a much stronger position to pursue growth, improve returns and create sustainable value for our shareholders and other stakeholders.