Prime Business Africa
Over N543.38 billion in revenue was made by the brewery industry between July and September 2025, compared to the N415.36 billion spent by Nigerians on drinks in the corresponding period in 2024, indicating a 30.82 percent increase.
The combined revenue is based on the financial statements of four companies listed on the Nigerian Exchange (NGX) Limited: Guinness Nigeria, Champion Brew, International Breweries, and Nigerian Breweries.
Join our WhatsApp ChannelAccording to Prime Business Africa’s analysis, Nigerian Breweries accounted for 56.72 percent share of the industry’s turnover, International Breweries holds 24.21 percent share, Guinness contributed 18.04 percent, and Champion Brew accounted for 1.01 percent.
Best-Performing Drink Producers In Nigeria
Guinness
With a 64.72 percent increase in revenue for the third quarter of 2025, Guinness Nigeria was the best-performing brewery in Nigeria after generating N98.06 billion turnover, exceeding the N59.53 billion recorded in the same quarter the previous year.
- To earn the revenue, Guinness spent N61.72 billion on production costs between July and September of this year, compared to the N41.39 billion recorded as cost of sales in 2024, indicating a 49.10 percent increase.
- The company also ended the year with a 315.49 percent growth in profit before tax (PBT), which increased from N3.81 billion in the third quarter of last year to N15.86 billion in the corresponding period in 2025.
Nigerian Breweries
Nigerian Breweries recorded N308.23 billion as revenue for the period between July and September 2025, surpassing the N231.10 billion posted as turnover during the corresponding period last year.
- Due to the 33.37 percent growth in revenue, Nigerian Breweries closed the period under review as the second-best-performing drink producer in Nigeria, according to Prime Business Africa’s analysis.
- In addition, Nigerian Breweries reported cost of sales of N204,08 billion for the third quarter of 2025, against the N180,87 billion posted in the previous year, representing a 12.83 percent increase.
- However, the company said loss before tax (PBT) decreased by 96.80 percent to N2.77 billion within the quarter under review, from the N86.65 billion pretax loss recorded in Q3 2024.
Champion Brew
Champion Brew was ranked third on the list by Prime Business Africa due to a 22.96 percent increase in the company’s revenue for the period between July and September 2024.
- The revenue had increased to N5.50 billion in the third quarter of this year, exceeding the N4.47 billion recorded in the corresponding period last year.
- Although the increase in cost of sales overshoots the growth of Champion Brew’s revenue, as the former grew by 33.20 percent to N3.09 billion during the period under review, from N2.30 billion in Q3 2024.
- This did not help Champion Brew’s bottom line, as the drink producer suffered a N318.29 million loss before tax in Q3 2025, compared to the N511,2 million profit before tax (PBT) recorded in Q3 2025.
International Breweries
International Breweries closed the third quarter as the fourth best-performing company in the brewery industry, following a 9.42 percent growth in its revenue, which was N131.57 billion in Q3 2025, compared to the N120.24 billion turnover posted in the same period last year.
- The brewer said the cost of production gulped N92,23 billion in the third quarter of this year, compared to the N87,99 billion incurred in the corresponding period in 2024, leading to a 4.81 percent increase.
- In addition, International Breweries reported a N12.68 billion profit before tax between July and September 2025, recovering from the N4,31 billion pretax loss recorded in the third quarter last year.
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
