Champion Breweries grows revenue to N51.4bn

Champion Breweries Plc reported a significant 140% increase in revenue to N51.4bn over the nine months ending September 30, 2026. The boost was primarily driven by the consolidation of enJOYbev B.V., despite a dip in sales volumes in the company's standalone brewery division. The revenue climbed from N21.4bn in the same period last year.

Operating profit surged by 48% to N6.3bn, while profit after tax reached N2.18bn, up from N2.05bn. This growth was largely credited to the integration of enJOYbev B.V., while the standalone brewery business saw lower sales due to industry trends. Profit margin dipped as the group absorbed integration costs and continued investments in distribution, brand building, and route-to-market expansion.

The profit after tax included a tax credit of approximately N1.3bn, offset by higher financing costs from acquisition funding and prevailing interest rates. The acquisition of enJOYbev has diversified the company's operations, reducing dependency on single segments and opening avenues for shared distribution and growth in new markets.

Managing Director Sampath Malolan attributed the positive results to disciplined pricing, active portfolio management, and a focus on operational excellence. He expressed confidence in upcoming initiatives such as brand relaunches, a new canning line, and the festive season to further boost the company's performance.