Guinness Nigeria’s 9M 2026 pre-tax profit rises 55% to N61.65 billion, declares interim dividend

Guinness Nigeria Plc has announced a significant rise in its pre-tax profit for the nine months ending September 2026, reaching N61.65 billion, a 55.34% increase compared to N39.69 billion in the same period last year. The financial results, filed with the Nigerian Exchange on October 21, 2026, also saw a 20.37% increase in revenue, which was mainly driven by a substantial 61.88% reduction in finance expenses. Consequently, operating earnings increased, resulting in a higher bottom line.

The company's pre-tax profit for Q3 2026 was N23.32 billion, reflecting a 46.99% year-on-year growth from N15.86 billion in the same quarter of 2025. Profit after tax grew by 52.67% YoY to N15.39 billion, contributing approximately 37.8% of the nine-month profit. To celebrate the company's success, the board declared an interim dividend of N7.00 per share, amounting to N15.33 billion in total, with the qualification date set for October 30 and payment scheduled for November 13, 2026.

During the nine-month period, Guinness Nigeria Plc reported revenue of N138.29 billion, which rose by 41.01% compared to the previous year. The gross profit also expanded by 48.35% to N53.91 billion, outpacing sales growth. Domestic sales accounted for N397.04 billion, constituting about 98% of the total revenue and contributing significantly to the N68.26 billion increase in revenue.

The company's loan repayment efforts were apparent, as Guinness Nigeria Plc repaid N90.29 billion in loans during the period, while borrowing N83.28 billion, resulting in a 13% decrease in total loans and borrowings to N38.21 billion. Short-term loans made up about 77.5% of the total balance. Guinness Nigeria Plc's total assets grew to N271.51 billion, and shareholders' equity increased by 48.42% to N64.30 billion.

However, bank overdrafts rose to N2.80 billion from N523.54 million, leaving the company with a net cash position of N1.41 billion.

Prof. Fabian Ajogwu, SAN, Chairman of the Board, expressed that the market had yet to respond to the results as the announcement was made at the close of business on October 21, 2026. With 2.19 billion shares outstanding and a share price of N423 per share, the company's market capitalization stood at N927 billion as of October 21, 2026.