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Nigeria: Guinness Nigeria’s six-month results showcase impressive resilience and strategic growth
Guinness Nigeria Plc has announced its unaudited financial results for the six months ended 31 December 2024, showcasing impressive resilience and strategic growth in a challenging macroeconomic environment, Tribune Online reported on February 3.
The company recorded an 82.2 percent revenue increase, growing from N142.60 billion in H1’24 to N259.60 billion in H1’25.
This performance reflects the success of its revenue generation strategies and expanded geographic footprint. Despite inflationary pressures and rising costs, Guinness Nigeria delivered a gross profit of N59.01 billion, marking a 28.4 percent increase from N45.94 billion in the prior period. While operating profit declined to N11.26 billion from N16.40 billion in H1’24 due to higher costs, the company achieved a remarkable recovery, reducing its net loss to N302.7 million in H1’25 compared to N5.23 billion in H1’24.
Guinness Nigeria also reaffirms its commitment to maintaining its listed status on the Nigerian Exchange Limited (NGX). The company has no intention of delisting and remains focused on delivering value to its esteemed shareholders.
Commenting on the results, Board Chair, Dr. Omobola Johnson, stated: “These results highlight the strength of our strategy and our ability to adapt in an ever-evolving macroeconomic environment. While we faced significant headwinds, our team’s commitment and strategic initiatives enabled us to deliver substantial growth in revenue and a significant reduction in losses. We remain confident in our long-term vision to create sustainable value for all stakeholders.”
Managing Director, Girish Sharma, added: “Our H1’25 performance is a testament to our agility and determination to navigate economic challenges while focusing on long-term growth. The 82.2 percent revenue increase reflects the effectiveness of our portfolio and geographic expansion, and the efficient execution of key strategic priorities. As we continue to navigate a dynamic market landscape, we are committed to delivering value through operational excellence, innovation, and deepened stakeholder engagement.
“Guinness Nigeria reinforced its commitment to excellence by driving operational efficiency, championing innovation, and maintaining a customer-centric approach. With a strong foundation and a bold, forward-looking strategy, the company is not just navigating current market challenges but setting the stage for transformative growth. As it continues to deliver value for stakeholders and strengthen its leadership in the FMCG sector, Guinness Nigeria remains a symbol of resilience and progress in the Nigerian business landscape.
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