Guinness Nigeria Posts ₦41.2bn Profit After ₦54.7bn Loss Year Before
Guinness Nigeria Plc delivered a strong financial turnaround in its first full audited cycle under Tolaram ownership, reporting ₦730.8bn revenue (up 144%), ₦230.5bn gross profit (up 152%), ₦89.3bn operating profit (up 251%), and ₦41.2bn net profit. This reverses the ₦54.7bn loss reported in the previous financial year. The company transitioned to a December year-end and celebrated 75 years of operations in Nigeria. Chairman Prof. Fabian Ajogwu and MD/CEO Girish Sharma credited the performance to disciplined commercial execution, operational efficiency, and a sharpened strategy. With improved financial strength, Guinness Nigeria reaffirmed its commitment to sustainable growth and responsible business practices.