From red ink to strong returns — Nigerian Breweries just toasted a major turnaround on the stock market.
Nigerian Breweries Plc says its market capitalisation jumped by 135% in 2025, rising from ₦991.5 billion to ₦2.33 trillion.
Chairperson Juliet Anammah credited the surge to economic reforms, improved investor confidence, and stronger market conditions.
She said Nigeria’s equities market also had one of its best runs in nearly two decades, while reforms like GDP rebasing, tax changes, and removal from the FATF grey list helped boost sentiment.
Despite the rally, she noted the company will not pay dividends for 2025 due to accumulated losses, but expects a return to profitability soon.
On operations, revenue rose 35% to ₦1.5 trillion, while profit after tax climbed to ₦99 billion, marking a recovery from previous-year losses.
The stock may be booming, but shareholders will have to wait a bit longer for dividends.
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