In H1’25, Guinness Nigeria reports an 82.2% increase in income.
In a difficult macroeconomic climate, Guinness Nigeria Plc has revealed its unaudited financial results for the six months that ended on December 31, 2024, demonstrating remarkable resilience and strategic growth.
Revenue for the company increased by 82.2% from ₦142.60 billion in H1’24 to ₦259.60 billion in H1’25.
Guinness Nigeria showed excellent operating efficiency in spite of inflationary pressures and growing expenses, generating a gross profit of ₦59.01 billion, a 28.4% increase over the previous period’s ₦45.94 billion.
This performance demonstrates how well their revenue-generating tactics and geographic expansion are working.
However, as a result of rising sales costs, operational profit decreased from ₦16.40 billion in H1’24 to ₦11.26 billion.
Board Chair Dr. Omobola Johnson commented on the findings, saying: “These results demonstrate the effectiveness of our approach and our flexibility in a constantly changing macroeconomic landscape.
Despite major obstacles, our team’s dedication and strategic efforts allowed us to achieve a notable increase in revenue and a notable decrease in losses. Our long-term goal of generating sustainable value for all stakeholders is still something we are confident in.
“Our H1’25 performance is a testament to our agility and determination to navigate economic challenges while focusing on long-term growth,” stated Girish Sharma, Managing Director, echoing similar comments.
The success of our portfolio and regional development, as well as the successful implementation of our top strategic priorities, are reflected in the 82.2% increase in revenue.
We are dedicated to providing value through operational excellence, innovation, and increased stakeholder involvement as we continue to negotiate a changing market environment.
