Major listed brewers in Nigeria generated a combined revenue of over ₦1.54 trillion from the sale of beer and non-alcoholic beverages in the first nine months of 2025, highlighting the massive consumer spending on brewery products despite economic pressures.
An analysis by The Punch based on unaudited financial statements shows that Nigerian Breweries Plc, International Breweries Plc, and Champion Breweries Plc all recorded strong top-line growth for the nine months ended September 30, 2025, largely driven by beer sales.
Nigerian Breweries Plc, the country’s largest brewer, led the pack with ₦1.05 trillion in net revenue, up sharply from ₦710.87 billion recorded in the same period of 2024. The company reported a cost of sales of ₦631.23 billion, resulting in a gross profit of ₦415.15 billion.
After deducting selling and distribution expenses (₦193.85bn), administrative costs (₦59.58bn), finance costs (₦39.15bn), and other charges, Nigerian Breweries posted a profit after tax of ₦85.51 billion, a dramatic turnaround from a ₦149.50 billion loss recorded in 2024.
Basic earnings per share also improved significantly, rising to 275 kobo from a loss of 1,455 kobo in the previous year.
The figures underscore the resilience of Nigeria’s brewery sector and consumers’ continued demand for beer and beverages, even amid inflation and rising production costs.
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