Champion Breweries Rises by 11.5% Amidst Free Float Concern
With 83% of Champion Breweries’ outstanding shares owned by two shareholders on the Nigerian Exchange, the market value of the company surged by 11.5% week on week, spurred by a fresh rally.
The brewer’s share price closed at N14.5 as investors took positions after its third quarter of 2025 bumper earnings harvest. Its trading data from the Nigerian Exchange platform showed that the company share price, which opened at N13 ended the week at N14.5, up by 11.5%.
Transaction volumes were relatively strong. Champion Breweries’ share price settled at N14.50 on Friday as more than 1 million units valued at N13.430 million were executed in the local bourse.
Hence, the market value of the company’s 8.947 billion outstanding shares increased to N129.745 billion, a significant discount to its highest value reached in 52 weeks. Champion Breweries had peaked at N21.49, a 32.5% reduction at the current market valuation in the Nigerian stock market.
Earnings Scorecard
In 9M-2025 financial statement, Champion Breweries grew by 53% year-on-year revenue to N21.435 billion from N14.020 billion, supported by a price and volume surge in the period.
The company’s costs of sales climbed to N11.136 billion, up by about 37% year on year from N8.130 billion in the equivalent period in 2024.
The stronger top line growth versus rising direct cost profile strengthened gross margin to 48% in the 9M of financial year 2025 from 42% in the equivalent period in 2024.
A significant surge in net finance costs put pressures on Champion Breweries bottom line performance in the period. But this was fully covered by stronger operating profit growth.
Champion Breweries grew after tax profit in multiple, settling at N2.045 billion from N21.495 million in the comparable period in 2024.
Shareholding Structure
The company has two major shareholders with combined interest totalling 83%. The breakdown showed that Enjoycorp Nigeria Limited has 72.9%, while Akwa Ibom Investment Corporation owns 10.1%.
Tagged on NGX as below listing standard (BLS), Champion Breweries failed to meet its free float requirement for companies listed on the main board.
“Champion Breweries Plc, with a free float percentage of 16.96% as of September 30, 2025, is not compliant with the Exchange’s free float requirements for companies listed on the Main Board,” the company disclosed. GTCO Rises Softly, Investment Firm Sets N110 as Target Price
