Guinness Nigeria’s 9M 2026 pre-tax profit rises 55% to N61.65 billion, declares interim dividend

Guinness Nigeria Plc has released its unaudited third quarter (Q3) 2026 financial results, reporting a pre-tax profit of N61.65 billion for the nine months ended September 2026.

The results filed with the Nigerian Exchange (NGX) on Wednesday, October 21, represents a 55.34% year-on-year (YoY) increase from N39.69 billion in the same period of 2025.

The growth was supported by a 20.37% rise in revenue and a 61.88% drop in finance expenses, which allowed more operating earnings to flow through to the bottom line.

In the third quarter of 2026, the company reported a pre-tax profit of N23.32 billion, a 46.99% increase from N15.86 billion in Q3 2025.

Profit after tax for the quarter rose 52.67% YoY to N15.39 billion, contributing about 37.8% of the nine-month profit after tax.

The board has declared an interim dividend of N7.00 per share, about N15.33 billion in total, on October 21, 2026.

The qualification date is October 30, with payment on November 13, 2026.

During the nine-month period, the company declared dividends of N19.71 billion and paid N19.27 billion.

The Q3 2026 was stronger than the nine-month run rate with revenue rising 41.01% year-on-year to N138.29 billion, while gross profit grew 48.35% to N53.91 billion, faster than sales.

Domestic sales generated N397.04 billion, about 98% of revenue, and accounted for most of the N68.26 billion increase.

Guinness repaid N90.29 billion in loans during the period against new borrowings of N83.28 billion, cutting total loans and borrowings by 13% to N38.21 billion. Short-term loans accounted for about 77.5% of the balance.

Total assets rose to N271.51 billion, while shareholders’ equity increased 48.42% to N64.30 billion.

Bank overdrafts rose to N2.80 billion from N523.54 million, leaving net cash negative at N1.41 billion.

The market has not responded to the result yet as the result was released at the close of business on Wednesday, October 21, 2026.

With 2.19 billion shares outstanding and a share price of N423 per share, the market capitalization stood at N927 billion as of October 21.

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