International Breweries Plc reported a pre-tax loss of ₦111.8 billion for the year ended 31 December 2024, representing a 14.96% increase from the ₦97.2 billion loss in 2023.
This was driven by rising sales costs, expenses, and a significant net foreign exchange loss.
The company experienced impressive revenue growth, rising from N139.9 billion to N260.5 billion, marking an 87.63% year-over-year increase, with local sales representing 100% of the total revenue.