Nigerian Breweries Plc has reported a revenue of N413.016 billion for the first quarter ended March 31, 2026, reflecting a 7.66 per cent increase compared to N383.635 billion recorded in the corresponding period of 2025.
The company disclosed this in its unaudited financial results released on Thursday, showing steady top-line growth amid a challenging operating environment.
Profit after tax rose by 25.57 per cent year-on-year to N55.945 billion, up from N44.553 billion reported in the first quarter of 2025, underscoring improved operational efficiency and cost management.
Earnings per share stood at N1.80 for the period under review, providing a modest return to shareholders.
At a share price of N73, the company’s price-to-earnings (P/E) ratio is estimated at 40.43 times, with an earnings yield of 2.47 per cent, indicating relatively high valuation levels in the equities market.
Analysts say the performance reflects resilience in consumer demand and the company’s ability to navigate inflationary pressures, rising input costs, and foreign exchange volatility.
Despite ongoing macroeconomic headwinds, the brewer’s outlook remains cautiously optimistic, with expectations that sustained revenue growth and strategic cost controls will support earnings in subsequent quarters.
The latest results reinforce Nigerian Breweries’ position as a dominant player in Nigeria’s beverage industry, even as competition intensifies and consumer spending remains under pressure.
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