Guinness Nigeria Plc has launched its unaudited third quarter (Q3) 2026 financial results, reporting a pre-tax profit of N61.65 billion for the 9 months ended September 2026.
The outcomes filed with the Nigerian Exchange (NGX) on Wednesday, October 21, represents a 55.34% year-on-year (YoY) enhance from N39.69 billion in the identical interval of 2025.
The progress was supported by a 20.37% rise in income and a 61.88% drop in finance bills, which allowed extra working earnings to circulation by way of to the underside line.
In the third quarter of 2026, the corporate reported a pre-tax profit of N23.32 billion, a 46.99% enhance 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 whole, on October 21, 2026.
The qualification date is October 30, with fee on November 13, 2026.
During the nine-month interval, the corporate declared dividends of N19.71 billion and paid N19.27 billion.
Key Highlights (9M 2026 vs 9M 2025)
- Revenue: N403.33 billion (Up 20.37% YoY from N335.07 billion)
- Gross profit: N151.38 billion (Up 20.41% YoY from N125.72 billion)
- Operating profit: N64.98 billion (Up 23.45% YoY from N52.64 billion)
- Profit after tax: N40.69 billion (Up 53.05% YoY from N26.59 billion)
- Earnings per share (EPS): N18.58 (Up 53.05% YoY from N12.14)
- Total belongings: N271.51 billion (Up 10.74% from N245.18 billion as at December 2025)
- Cash and money equivalents: N1.40 billion (Down 79.95% from N6.97 billion as at December 2025)
Three-month efficiency
The Q3 2026 was stronger than the nine-month run fee with income rising 41.01% year-on-year to N138.29 billion, whereas gross profit grew 48.35% to N53.91 billion, sooner than gross sales.
- Operating profit elevated 42.34% to N23.46 billion.
- Finance bills for the quarter fell 65.84% to N1.47 billion from N4.30 billion.
- Finance revenue, nonetheless, dropped 63.94% to N1.33 billion from N3.68 billion.
- Quarterly EPS stood at N7.03, up 52.83% from N4.60.
Driving the numbers:
Domestic gross sales generated N397.04 billion, about 98% of income, and accounted for a lot of the N68.26 billion enhance.
- Export gross sales rose 23.85% to N6.29 billion.
- Cost of gross sales rose consistent with income to N251.95 billion, leaving gross margin flat at 37.5%.
- Operating margin improved to 16.11% from 15.71%.
- Marketing and distribution bills rose 18.38% to N62.91 billion.
- Administrative bills elevated 19.35% to N24.12 billion.
- Finance bills fell to N5.83 billion from N15.30 billion, pushed by a drop in curiosity on loans and borrowings to N5.61 billion from N14.66 billion.
- Finance prices absorbed about 9% of working profit, in contrast with about 29% a yr earlier.
Guinness repaid N90.29 billion in loans through the interval towards new borrowings of N83.28 billion, chopping whole loans and borrowings by 13% to N38.21 billion. Short-term loans accounted for about 77.5% of the stability.
Balance sheet:
Total belongings rose to N271.51 billion, whereas shareholders’ fairness elevated 48.42% to N64.30 billion.
- Total liabilities edged up 2.65% to N207.20 billion.
- However, inventories jumped 43.27% to N65.65 billion, with completed items rising 144.5% to N17.50 billion.
- Trade and different payables, at N134.50 billion, made up 72.8% of present liabilities.
Bank overdrafts rose to N2.80 billion from N523.54 million, leaving web money damaging at N1.41 billion.
Market response:
The market has not responded to the outcome but because the outcome was launched on the shut of enterprise on Wednesday, October 21, 2026.
- The share worth has traded flat at N423.00 per share since Monday, October 12.
- Guinness started the yr with a share worth of N349.90 and has since gained 20.9% on that worth valuation, rating it 69th on the NGX by way of year-to-date efficiency.
With 2.19 billion shares excellent and a share worth of N423 per share, the market capitalization stood at N927 billion as of October 21.
