₦airaland Forum

Major listed brewers in Nigeria generated a combined revenue of over N1.54tn from the sale of beer and other non-alcoholic drinks in the first nine months of 2025, indicating the estimated amount spent by Nigerians on brewery products during the review period, an analysis by The PUNCH shows.

According to the unaudited financial statements of Nigerian Breweries Plc, International Breweries Plc, and Champion Breweries Plc for the nine months ended September 30, 2025, the companies collectively recorded strong top-line performance driven largely by beer sales.

Nigerian Breweries Plc, the largest brewer in the country, recorded net revenue of N1.05tn for the period, up from N710.87bn in the corresponding period of 2024. Cost of sales stood at N631.23bn, resulting in a gross profit of N415.15bn.

After accounting for selling and distribution expenses of N193.85bn, administrative expenses of N59.58bn, finance costs of N39.15bn, and other charges, the company posted a profit after tax of N85.51bn, compared with a loss of N149.50bn in 2024. Basic earnings per share rose to 275 kobo from a loss of 1,455 kobo in the previous year.

In March, Nigerian Breweries Plc announced a return to profitability in the first quarter of 2025, reporting a 186 per cent increase in net profit compared to the same period in 2024. The unaudited financial results released on the Nigerian Exchange Limited showed that revenue for the period ended March 31, 2025, rose to N383.6bn, representing a 68.9 per cent increase from N227.1bn recorded in the first quarter of 2024.

International Breweries Plc, which operates in Nigeria and other West African markets, generated revenue of N472.57bn for the nine months ended September 30, 2025, up from N343.45bn in the same period of 2024.

The company reported a profit after tax of N57.83bn, reversing a loss of N112.81bn in 2024. Cost of sales increased to N311.64bn from N248.58bn, while administrative, marketing, and distribution expenses rose to N92.09bn from N72.68bn.

The PUNCH earlier reported that International Breweries Plc posted a profit of N11.9bn for the second quarter ended June 30, 2025, marking a turnaround from a loss of N47.3bn in the same period last year. The company’s unaudited financial statements showed revenue increased to N167.4bn in Q2 2025 from N120bn in Q2 2024, while gross profit rose to N61.9bn from N33.8bn.

Champion Breweries Plc recorded revenue of N21.44bn for the nine months ended September 30, 2025, up from N14.02bn in the same period of 2024. The company posted a profit after tax of N2.05bn, compared with N21.50m in 2024. Cost of sales rose to N11.14bn from N8.13bn, while selling and distribution expenses increased to N4.24bn from N3.25bn.

Overall, the combined revenue of the three companies amounted to N1.54tn, with Nigerian Breweries Plc accounting for the bulk of sales.

Analysts say the figures highlight the resilience of Nigeria’s beer market, which continues to benefit from strong brand loyalty and distribution networks despite rising production costs and broader macroeconomic pressures.

Commenting on consumer behaviour, the Head of Financial Institutions Ratings at Agusto & Co., Ayokunle Olubunmi, said the market is experiencing a gradual shift in spending patterns, with some consumers reducing beer consumption, a trend influencing how breweries adjust their strategies.

“Following AB InBev’s acquisition of International Breweries, the company invested in new breweries and production facilities to expand capacity. This indicates that firms are prioritising scaling operations and improving efficiency to meet rising demand and strengthen their market position,” Olubunmi said.

On the broader economic impact, the Chief Executive Officer of Economic Associates, Ayo Teriba, cautioned that strong sales figures do not necessarily translate into greater economic contribution.

“The point is that bigger isn’t necessarily better. Sales may be boosted by size, but if that size reflects purchases from other companies rather than actual value added, the contribution to the economy is limited. What really matters is net output, what value the company is actually creating. GDP, after all, is the sum of value created, not just total sales figures,” Teriba said

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Source: https://punchng.com/nigerians-spend-n1-54tn-on-beer-others-in-nine-months

Waste of money. Scripture says "give strong drink to him that is ready to perish!" Proverbs 31:6.

The acclaimed religion people in Nigeria most especially the christians and Muslims, how much did you spend on Alcohol.

The traditionalists have been sincere with there own doing, na the other 2 religion people been mastering hypocrisy

LordIsaac:
Waste of money. Scripture says "give strong drink to him that is ready to perish!" Proverbs 31:6.

Jesus converted water to wine.

Stop quoting bible out of context.

jmoore:
Jesus converted water to wine.

Stop quoting bible out of context.

Check Bible very well , that chapter is rightly quoted and there's no confirmation that Jesus converted water into alcoholic wine. Don't you know we have fruits wine, so how can we quickly submitted that Jesus turned water into wine, what type? Lets research
Read through and decipher the interpretation......

I don't know why people consume beer, you loose your mind when you take alcohol plus the health consequence anyways na companies dey cash out steadily.

What can I say
Drink more if you can

Reason why Tinubu wants to tax us to death be this 😂

adenigga:
Check Bible very well , that chapter is rightly quoted and there's no confirmation that Jesus converted water into alcoholic wine. Don't you know we have fruits wine, so how can we quickly submitted that Jesus turned water into wine, what type? Lets research
Read through and decipher the interpretation......

Clown. The wine used for holy communion during the time of Jesus and apostle Paul was alcoholic (1 Corinthians 11:20-22). But I suppose you haven't read your bible deeply enough. I don't suppose you know that the bible says you can use your tithe to buy beer or any other strong drink and drink it in the presence of God at the temple (Deut. 14:22-25).

Beer, the only remedy to this terrible terrible tinubu government.

helinues:
The acclaimed religion people in Nigeria most especially the christians and Muslims, how much did you spend on Alcohol.

The traditionalists have been sincere with there own doing, na the other 2 religion people been mastering hypocrisy

Bros you actually think people are that religiously stupid....even in the North where they seize Alcohol....Muslims there drinks and take hard drug ...including in Saudi Arabia

LordIsaac:
Waste of money. Scripture says "give strong drink to him that is ready to perish!" Proverbs 31:6.

The Bible also says "strong drink are for those heavy in heart". Proverbs 31:7

Try dey complete verse not citing only the one that suits your narrative like those criminal pastors in Nigeria do.

Alcohol is not good for your health

I believe we actually spent more.
We dey drink oh.
This data is actually just from 3 companies.
We have not looked into the sachet drinks and other herbal alcoholic drinks....

Guinness never even enter the list.

When you see news like this , just know they want to usher in the next wave of wickedness.

How about you publish giovernment expenditure ( meager few) vs over 200 million?

Media companies are complicit in what Nigeria's citizens are going through.becsuse this reportage is a waste of time and pure sensationalist propaganda.

jmoore:
Jesus converted water to wine.

Stop quoting bible out of context.

Sweet wine not alcoholic wine.

Shey Dem count the Fake beer join

Ejebleje:
When you see news like this , just know they want to usher in the next wave of wickedness.

How about you publish giovernment expenditure ( meager few) vs over 200 million?

Media companies are complicit in what Nigeria's citizens are going through.becsuse this reportage is a waste of time and pure sensationalist propaganda.

This is posted almost every year.
Stop allowing your ignorance get the best of you.

This is not even a complete list yet.
If I could remember clearly Guinness Nigeria top the gainers list last year.....
Una go just open mouth waaaaah dey yap

adenigga:
Check Bible very well , that chapter is rightly quoted and there's no confirmation that Jesus converted water into alcoholic wine. Don't you know we have fruits wine, so how can we quickly submitted that Jesus turned water into wine, what type? Lets research
Read through and decipher the interpretation......

it was alcoholic wine. After they were intoxicated they said wine did they kerp the fresh wine but waited after people already intoxicated

Key Details from the Biblical Account (John 2:1-11)
Setting: A wedding banquet in Cana where the wine ran out.
Action: At his mother Mary's prompting, Jesus had servants fill six large stone water jars with water, which was then turned into wine.
Quality: The master of the banquet praised the wine as the "best" or "good wine," served after guests were already "drunk freely," indicating its quality and potency.

Won't doubt the figure,personally spent N1.8m on lager alone last year.....with receipts

Arrowhead71:
Bros you actually think people are that religiously stupid....even in the North where they seize Alcohol....Muslims there drinks and take hard drug ...including in Saudi Arabia

Yet when the North seizes Beer consignments people will still complain. Do you think if the Government really clamped down on distribution of this stuff the same number of people will still indulge in it?

Yes, some elements do drugs in Saudi Arabia but the Government says no as such the behead drug Traffickers. What do you people say? It is too harsh, they are barbaric and live in the stone age, yet you agree that drug consumption is bad.

Having a muslim name doesn't automatically confers on you the appellate "Muslim" but submitting your wills to the Supreme Will by following Allah's command on everything legislated/commanded which doing drugs and Alcohol is among.

adenigga:
Check Bible very well , that chapter is rightly quoted and there's no confirmation that Jesus converted water into alcoholic wine. Don't you know we have fruits wine, so how can we quickly submitted that Jesus turned water into wine, what type? Lets research
Read through and decipher the interpretation......

Jesus converted water into vine wine, it was vine wine that they have in Israel then and the chairman of the occasion confirmed it when he rebuked the groom on why he brought a bad wine and later the good one, not knowing that Jesus converted water into the later vine wine served at the occasion.

My question to you is: have you seen and tested original Israel vine wine? It has alcohol in it; go to any Anglican church and take their communion, alcohol is what Anglican church uses as the communion, thank you.

Peter Obi is truly an investor....





Biko how much has Soludo realized from the Janglover in awka?



Ability our security money dey enter there too...


IGP don talk on how Anambra money take enter his son account?


Umu mugu

helinues:
The acclaimed religion people in Nigeria most especially the christians and Muslims, how much did you spend on Alcohol.

The traditionalists have been sincere with there own doing, na the other 2 religion people been mastering hypocrisy

VAT from that spending will be used to provide basic amenities for you and your family...be appreciative

Lukuluku69:
Yet when the North seizes Beer consignments people will still complain. Do you think if the Government really clamped down on distribution of this stuff the same number of people will still indulge in it?

Yes, some elements do drugs in Saudi Arabia but the Government says no as such the behead drug Traffickers. What do you people say? It is too harsh, they are barbaric and live in the stone age, yet you agree that drug consumption is bad.

Having a muslim name doesn't automatically confers on you the appellate "Muslim" but submitting your wills to the Supreme Will by following Allah's command on everything legislated/commanded which doing drugs and Alcohol is among.

VAT from that spending will be used to provide basic amenities for you and your family...be appreciative

Tenses:
The Bible also says "strong drink are for those heavy in heart". Proverbs 31:7

Try dey complete verse not citing only the one that suits your narrative like those criminal pastors in Nigeria do.

VAT from that spending will be used to provide basic amenities for you and your family...be appreciative

Am not surprised according to bible Jesus turn water to booze..

If antiislam is doing wonder with his booze business am not moved🤣🤣🤣

LordIsaac:
Waste of money. Scripture says "give strong drink to him that is ready to perish!" Proverbs 31:6.

VAT from that spending will be used to provide basic amenities for you and your family...be appreciative

This is seriously serious.

Hmmmmm2024:
VAT from that spending will be used to provide basic amenities for you and your family...be appreciative

Oga my level don pass basic

adenigga:
Check Bible very well , that chapter is rightly quoted and there's no confirmation that Jesus converted water into alcoholic wine. Don't you know we have fruits wine, so how can we quickly submitted that Jesus turned water into wine, what type? Lets research
Read through and decipher the interpretation......

your submission is biased and tainted with selfish righteous prejudice…because you want us to be in tandem with your opinion that no place was it mentioned that it was alcoholic beverage/wine as it were and this your clever tactic is to trick in the fact that socalled Christians shouldn’t drink ..however socalled pagans shouldn’t argue that Jesus turned water into wine ..again it’s intelligent but that’s it … it devoid of the elements of preponderance of events and evidences ..we can also add logic and common sense, because there are several mentions in the bible where they referenced merrymaking/merriment with wine consumption.., and Also there are several mentions of wine but with specifics in relation to fruits, but in the Jesus case no specific.. going by the population,gathering and the scenario applying the law of logic, common sense and preponderance of events it’s only logical to conclude the wine would not have been 5alive..

adenigga:
Check Bible very well , that chapter is rightly quoted and there's no confirmation that Jesus converted water into alcoholic wine. Don't you know we have fruits wine, so how can we quickly submitted that Jesus turned water into wine, what type? Lets research
Read through and decipher the interpretation......

In that event the wine they were drinking before it got finish is most likely strong wine as there were indication that people were almost drunk before jesus performed that miracle. soft drinks are not often regarded that highly in adult events. Fruits wines are hard too infact the hard wines are gotten mostly from foods you normally consume on daily basis. Stop yielding to social engineering.