- Guinness Nigeria Narrows Net Loss by 94%, Showcasing Sustainable Growth
- Guinness Nigeria Plc recorded a gross profit of N59.01 billion
Operating profit declined by 31.3% to N11.26 billion from N16.4 billion
Guinness Nigeria Plc has reported a significant 82.2% revenue increase for the six months ending December 31, 2024.
Eko Hot Blog gathered that the company’s revenue grew from N142.6 billion in the first half of 2024 to N259.6 billion, marking a strong recovery in the face of challenging economic conditions.
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Despite rising costs and inflationary pressures, Guinness Nigeria Plc recorded a gross profit of N59.01 billion, a 28.4% increase from N45.94 billion in the previous period.
This growth can be attributed to effective cost management and strategic initiatives implemented by the company.
However, operating profit declined by 31.3% to N11.26 billion from N16.4 billion due to the increased cost of sales.
Despite this, the company managed to significantly reduce its net loss by 94%, narrowing it down to N302.7 million in the first half of 2025, compared to a net loss of N5.23 billion recorded in the first half of 2024.
Commenting on the results, the Board Chair of Guinness Nigeria Plc, Omobola Johnson, said, “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.”
Also the Managing Director of Guinness Nigeria Plc, Girish Sharma, added that the company’s performance is a testament to its determination to navigate economic challenges while focusing on long-term growth.
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“The 82.2 per cent revenue increase reflects the effectiveness of our portfolio and geographic expansion, and the execution of key strategic priorities,” the MD said.
Sharma noted that the organisation is committed to operational excellence, and stakeholder engagement as it continues to strengthen its position in the Nigerian FMCG sector.
