AfriPulse
Shares of Guinness Nigeria Plc have risen by more than 41% in September, reaching their highest level in a year and putting the brewer on track for its strongest performance since it began trading on the Nigerian Exchange in 2012.
The stock climbed from N130 at the start of the month to N183.9 by September 23, marking a year-to-date gain of 161.78%. If sustained, this would make 2025 Guinness Nigeria’s best year on the bourse.
The surge follows improved financial results for the year ending June 30, 2025. The company posted a pretax profit of N27.9 billion, reversing a loss of N73.6 billion recorded in 2024. Revenue grew by 65.82% to N496.6 billion, while finance expenses declined to N8.5 billion from N30.6 billion, largely due to reduced foreign exchange losses.
The turnaround comes a year after Tolaram Group completed its acquisition of a 58.02% stake from Diageo in September 2024. Since then, the new majority shareholder has restructured the board and taken direct control of operations.
Quarterly results released earlier in 2025 also signalled recovery. In January, Guinness Nigeria reported a pretax profit of N20.1 billion for the quarter ended December 2024, compared with a loss of N8.2 billion a year earlier. Further profits were recorded in March and April 2025, supported by stronger sales and lower currency-related losses.
Market watchers note that continued performan
Source: NewsWireNGR | Read the Full Story…
