Guinness Nigeria Plc announced its unaudited financial results for the six months ending December 31, 2024.
The company showcased impressive resilience and strategic growth amid a challenging macroeconomic environment.
The company achieved an 82.2% revenue increase, rising from ₦142.60 billion in H1’24 to ₦259.60 billion in H1’25.
This performance highlights the effectiveness of its revenue generation strategies and geographic expansion efforts.
Despite facing inflationary pressures and rising costs, Guinness Nigeria demonstrated strong operational efficiency.
The gross profit reached ₦59.01 billion, marking a 28.4% increase from ₦45.94 billion in the previous period.
However, operating profit declined to ₦11.26 billion from ₦16.40 billion in H1’24 due to higher sales costs.
Notably, the company significantly narrowed its net loss to ₦302.7 million in H1’25, recovering from a ₦5.23 billion loss in H1’24.
Dr. Omobola Johnson, the Board Chair, commented on the results: “These results highlight our strategic strength and adaptability in an evolving macroeconomic environment.
Despite significant headwinds, our team’s commitment and strategic initiatives enabled substantial revenue growth and reduced losses.
We remain confident in our long-term vision to create sustainable value for all stakeholders.”
Managing Director Girish Sharma also shared insights: “Our H1’25 performance showcases our agility and determination to navigate economic challenges while focusing on long-term growth.
The 82.2% revenue increase reflects our effective portfolio, geographic expansion, and execution of key strategic priorities.
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 and championing innovation.
With a strong foundation and a bold strategy, the company navigates current market challenges while setting the stage for transformative growth.
As it continues to deliver value for stakeholders and strengthen its leadership in the FMCG sector, Guinness Nigeria symbolizes resilience and progress in the Nigerian business landscape.
