The Directors of Guinness Nigeria Plc hereby announce the Company's unaudited results for the quarter ended 31 March 2026.
Particulars | Quarter ended 31 March 2026 ₦ '000 | Quarter ended 31 March 2025 ₦ '000 |
Revenue | 122,772,787 | 118,338,025 |
Cost of Sales | (79,295,160) | (73,813,140) |
Gross Profit | 43,477,626 | 44,524,885 |
Other Income | 303,509 | 29,233 |
Administrative Expenses | (8,116,351) | (7,679,034) |
Marketing & Distribution Expenses | (18,485,108) | (18,880,162) |
Profit from Operating Activities | 17,179,677 | 17,994,922 |
Net Finance Income / (Expense) | (1,433,807) | (7,716,180) |
Profit Before Tax | 15,745,870 | 10,278,743 |
Income Tax Expense | (5,353,596) | (3,252,155) |
Profit for the Period | 10,392,274 | 7,026,588 |
Earnings Per Share (₦) | 4.74 | 3.21 |
Commentaries
Guinness Nigeria Plc recorded a Profit After Tax of ₦10.39 billion for the quarter ended 31 March 2026, compared to ₦7.03 billion in the same quarter of the prior year. The performance reflects the Company's continued resilience and disciplined execution in a challenging operating environment.
Key Financial HighlightsRevenue: Revenue for Q1 FY2026 was ₦122.77 billion, compared to ₦118.34 billion in Q1 FY2025, reflecting growth of approximately 4% year-on-year.
Gross Profit: Gross profit was ₦43.48 billion, representing a gross margin of 35.4%, compared to ₦44.52 billion and a margin of 37.6% in Q1 FY2025. The margin movement reflects prevailing cost pressures within the operating environment.
Operating Profit: Profit from operating activities was ₦17.18 billion for the quarter, compared to ₦17.99 billion in Q1 FY2025.
Finance Costs: Net finance costs reduced to ₦1.43 billion in Q1 FY2026 compared to ₦7.72 billion in Q1 FY2025, reflecting improved Balance Sheet efficiency and reduced financing costs.
Profit After Tax: Profit after tax was ₦10.39 billion for the quarter (Q1 FY2025: ₦7.03 billion), representing earnings per share of ₦4.74 (Q1 FY2025: ₦3.21).
Interim Dividend
Following the sustained profitability reflected in the Q1 FY2026 results and the Company's strong performance in FY2025, the Board of Directors has approved an interim dividend of ₦2.00 per ordinary share, with a qualification date of 20 April 2026. The interim dividend represents a total payout of approximately ₦4.38 billion, based on 2,190,382,819 ordinary shares in issue. The dividend will be paid from distributable profits in accordance with Sections 426-428 of the Companies and Allied Matters Act (CAMA) 2020.
By Order of the Board.
Abimbola Ajibola-Jimoh Company Secretary FRC/2026/PRO/NBA/002/381739