2025: NB PLC rebounds with the gross profit of taxes N69.9 billion in the first quarter

Nigerian Breweries Plc has announced an impressive turnaround in its financial performance for the first quarter closed on March 31, 2025, publishing a gross profit of the tax of N69.9 billion.

This marks a remarkable recovery from the gross loss of N65.5 billion taxes recorded in the same period last year.

The company has attributed its strong services mainly to a substantial increase in revenue and a strong reduction in foreign currency losses.

According to its non -audited budgets, net revenues for the third quarter of 2025 increased by 68.91 percent, increasing to N383.6 billion by N227.1 billion in the first quarter of 2024.

Despite an increase of 49.45 percent of the cost of sales, which has risen from n145.2 billion to N217.06 Billions: Nigerian breweries have recorded a significant improvement in gross profit.

Gross profit has risen by 103.43 percent, reaching n166.5 billion, compared to N81.8 Billions in the corresponding quarter of 2024.

However, the company had to face higher operating costs as the sales and distribution costs grew by 47.20 percent, for a total of N66.2 billion against N45.01 billion of the previous year.

Despite the greater expenses, the Nigerian breweries have reported a strong performance from its main operations. The group recorded N85.2 billion operating profits, an increase of 237.48 percent compared to the N25.2 billion recorded in the first quarter of 2024.

The brewery giant has also improved its financial position with a jump from 86.65 percent in financial income, which has risen to N264.4 million from N141.6 million.

Still in particular, the company has drastically reduced its net losses to foreign currency, from N72.8 billion in the first quarter of 2024 to only N178.01 million in the first quarter of 2025, with a reduction of 99.75 percent. The financial costs were also cut by 15.32 percent, up to n15.3 billion from n18.1 billion.

Starting from the negotiation session of April 17, 2025, the actions of Nigerian Breweries are exchanged at N36.20, reflecting a profit from one year to another of 13.13 percent.

The strong performance of the first quarter of 2025 of the company suggests a positive perspective for the rest of the year, led by better operational efficiency, a solid growth of revenues and better financial management in the midst of a demanding economic environment.