Nigerian Breweries revenue reach ₦1.10tn as Champion Breweries jump 140%

Two of Nigeria listed brewers don report higher revenue for first nine months of 2026, even as consumers continue to watch their spending.

Nigerian Breweries Plc say revenue rise five per cent to ₦1.10tn between January and September, up from ₦1.05tn for same period last year. Profit after tax climb 33 per cent to ₦114.1bn, and gross profit grow 15 per cent to ₦477.9bn, according to di company financial report.

Di maker of Heineken and Desperados say e gain market share, with help from strong sales in im premium brands. Profit from operating activities rise 10 per cent to ₦179.2bn, while profit before tax also rise 33 per cent to ₦171.7bn. Di company credit 78 per cent reduction in net finance expenses for much of dat gain.

Maybe di biggest shift: di brewer make profit of ₦21bn in third quarter alone, against ₦4bn loss for same quarter of 2025. Na di company first third-quarter profit since 2022.

Managing Director and Chief Executive Officer Thibaut Boidin talk say di result show discipline despite pressure on household budgets. "Despite continued pressure on consumer spending, we grew revenue, strengthened our market position and delivered a significant improvement in profitability," e talk.

E add say sales volumes and net revenue fall in di quarter, but better margins and lower finance costs keep di bottom line positive.

Champion Breweries ride on enJOYbev

Champion Breweries Plc also report growth, with group revenue up 140 per cent to ₦51.4bn from ₦21.4bn last year. Di jump come mainly from bringing enJOYbev B.V. into im accounts, di company talk.

Im standalone brewery business sell less beer, in line with di wider industry, but pricing and product mix help protect profit. Operating profit rise 48 per cent to ₦6.3bn, while profit after tax edge up to ₦2.18bn from ₦2.05bn.

Dat profit figure include tax credit of about ₦1.3bn, partly offset by higher finance costs linked to di acquisition and current interest rates.

Managing Director Sampath Malolan talk say di enJOYbev deal don widen di company reach beyond beer. "The successful integration of enJOYbev B.V. has broadened our growth platform and moves us closer to our ambition of building a diversified beverage group with multiple growth engines," e talk.

Champion expect brand relaunches, a new canning line and di festive season to lift sales in di last quarter of di year.

Wetin go happen next

Both companies talk say dem go keep tight grip on costs and invest behind dia brands for rest of 2026. For drinkers, di test go be whether these gains reach shelves as stable prices through Christmas season, when demand for drinks usually rise.