Nigerian Breweries Falls Below N2trn after Huge Block Trades
The market value of Nigerian Breweries Plc’s 30.983 billion shares outstanding in the Nigerian market plunged by about 8% to N1.858 trillion, 24.48% below its 52-week high.
The brewer share price declined to N60 on Tuesday as 23.873 million units of Nigerian Breweries valued at N1.547 billion were executed on the exchange, including block transactions.
Each of its 30.983 billion shares outstanding lost N5.20 on Tuesday, reflecting investors’ weak sentiments.
This price depreciation brought down Nigerian Breweries’ market value below N2 trillion, settling at N1.858 trillion, according to data from the local bourse.
Anchoria Securities Limited reported that there were multiple transactions involving 22.57 million Nigerian Breweries shares executed at a price of ₦65 per share on Tuesday.
The value of the transaction, according to Anchoria Securities, amounted to a trade value of ₦1.46 billion. This suggests most of the trading volume was negotiated, as reflected in the total transaction volume of N1.547 billion on record today.
9M-2025 Earnings
Nigerian Breweries Plc posted a remarkable turnaround in its 9-month 2025 financial performance. The company’s revenue surged 47% year-on-year to N1.05 trillion in 9M 2025, up from N710.87 billion in the prior period, reflecting a sustained rebound in consumer demand, better price realization, and improved product availability.
Operating expenses climbed to N255.52 billion, up from N184.27 billion in 2024, largely reflecting inflationary pressures on marketing and distribution costs.
However, the company still delivered a 456% surge in operating profit to N163.13 billion, driven by stronger topline growth and disciplined cost management.
Notably, net finance expenses dropped sharply to N33.66 billion, from a massive N232.05 billion in the same period last year, reflecting lower foreign exchange losses and a better financing structure.
Consequently, profit before tax (PBT) stood at N129.47 billion, compared to a loss of N202.99 billion in 9M 2024. After accounting for an income tax charge of N43.97 billion, the company closed the period with a net profit of N85.51 billion, marking a solid return to profitability. GTCO Falls, Investors Exit Position after Earnings Disappoint
