Nigerian Breweries Plc (NGX:NB)
Nigeria flag Nigeria · Delayed Price · Currency is NGN
82.00
+2.00 (2.50%)
At close: Mar 6, 2026

Nigerian Breweries Income Statement

Millions NGN. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 2020 - 2016
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 2020 - 2016
Revenue
1,467,4221,084,436599,643550,638437,285
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Revenue Growth (YoY)
35.32%80.85%8.90%25.92%29.74%
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Cost of Revenue
902,240764,520387,032337,310276,872
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Gross Profit
565,182319,916212,611213,328160,413
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Selling, General & Admin
363,455251,443172,436165,172125,473
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Other Operating Expenses
-2,845-2,622-2,194-1,476-1,588
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Operating Expenses
362,970252,875170,713164,271122,831
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Operating Income
202,21367,04141,89849,05737,582
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Interest Expense
-44,995-98,013-35,067-7,233-10,192
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Interest & Investment Income
1,7784,242513.24349.19313.52
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Currency Exchange Gain (Loss)
752.42-157,595-153,333-26,342-7,041
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Other Non Operating Income (Expenses)
---0.12--
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EBT Excluding Unusual Items
159,748-184,324-145,98815,83020,663
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Gain (Loss) on Sale of Assets
1,2071,296446.7692.922,982
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Other Unusual Items
59.8----
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Pretax Income
161,062-182,917-145,22417,34123,701
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Income Tax Expense
61,962-38,034-38,9174,15411,029
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Earnings From Continuing Operations
99,100-144,883-106,30813,18712,672
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Earnings From Discontinued Operations
--112.75---
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Net Income to Company
99,100-144,996-106,30813,18712,672
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Minority Interest in Earnings
-109.01--4.55-6.26
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Net Income
99,100-144,887-106,30813,18212,666
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Net Income to Common
99,100-144,887-106,30813,18212,666
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Net Income Growth
---4.08%72.02%
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Shares Outstanding (Basic)
30,98312,0028,2998,29910,054
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Shares Outstanding (Diluted)
30,98312,0028,2998,29910,054
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Shares Change (YoY)
158.16%44.62%--17.46%0.58%
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EPS (Basic)
3.20-12.07-12.811.591.26
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EPS (Diluted)
3.19-12.07-12.811.581.26
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EPS Growth
---25.80%70.65%
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Free Cash Flow
104,731-85,530-173,408-75,33332,209
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Free Cash Flow Per Share
3.38-7.13-20.89-9.083.20
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Dividend Per Share
---1.3501.280
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Dividend Growth
---5.47%70.21%
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Gross Margin
38.52%29.50%35.46%38.74%36.68%
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Operating Margin
13.78%6.18%6.99%8.91%8.59%
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Profit Margin
6.75%-13.36%-17.73%2.39%2.90%
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Free Cash Flow Margin
7.14%-7.89%-28.92%-13.68%7.37%
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EBITDA
278,278120,23088,09286,99072,926
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EBITDA Margin
18.96%11.09%14.69%15.80%16.68%
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D&A For EBITDA
76,06553,18946,19437,93335,344
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EBIT
202,21367,04141,89849,05737,582
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EBIT Margin
13.78%6.18%6.99%8.91%8.59%
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Effective Tax Rate
38.47%--23.95%46.53%
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Advertising Expenses
138,94376,31351,32457,06940,530
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Source: S&P Capital IQ. Standard template. Financial Sources.