Company News
Champion Breweries Reports ₦2.29 Billion Profit in H1 2025 as Revenue Surges 67%
Champion Breweries Plc has reported a profit after tax of ₦2.29 billion in the first half (H1) of 2025 from a loss of ₦386.66 million recorded during the same period in 2024.
The impressive turnaround was underpinned by a 67% year-on-year growth in revenue to ₦15.93 billion in H1 2025, compared to ₦9.54 billion in the prior-year period.
The company’s top-line performance reflects a sustained increase in product demand and effective distribution across key markets.
According to the unaudited condensed interim financial statements released by the company for the six-month period ended June 30, 2025, gross profit climbed 111% to ₦7.89 billion from ₦3.73 billion in H1 2024.
This was driven by improved cost management and stronger pricing power, despite a 38% rise in cost of sales to ₦8.05 billion.
Champion Breweries recorded a notable increase in quarterly profitability with profit after tax rising to ₦1.30 billion for the three-month period ended June 30, 2025, up from ₦437.18 million in the corresponding quarter of 2024.
Operating profit for the half year stood at ₦3.86 billion, up from ₦591.94 million in the prior year despite higher selling and distribution expenses of ₦2.70 billion and administrative costs of ₦1.35 billion.
On the financing side, Champion Breweries earned ₦139.97 million in finance income to partially offset a finance cost of ₦543.70 million. Notably, the company reported no foreign exchange losses during the period, in contrast to a loss of ₦910.74 million in H1 2024.
Profit before tax stood at ₦3.46 billion, reversing a pre-tax loss of ₦333.00 million a year earlier. After accounting for a tax expense of ₦1.17 billion, the net earnings reflect strong operational efficiency and improved financial stability.
Earnings per share (EPS) improved to 25.57 kobo in H1 2025, compared to a negative EPS of 4.94 kobo in H1 2024.
The company noted that certain prior year figures were restated in line with updated disclosure requirements under note 14 of the financial report.
Champion Breweries’ latest performance underscores the broader recovery trend within Nigeria’s consumer goods sector, despite macroeconomic headwinds such as currency volatility, input cost inflation, and heightened energy prices.
With this solid first-half result, the company is positioned to deliver improved shareholder value in the second half of the year.
Investors will now be watching for guidance on potential dividend declarations and strategic initiatives to sustain earnings momentum into year-end.
The stock is expected to draw further investor interest on the Nigerian Exchange (NGX) in the coming sessions, supported by renewed confidence in the company’s turnaround trajectory.