International Breweries Plc returned to profitability in 2025 for the first time in seven years, as easing foreign-exchange pressures helped Nigeria’s second-largest brewer reverse losses that had long been driven more by currency shocks than beer demand.
The AB InBev-controlled company reported a profit after tax of N63.3 billion for the year ended December 2025, compared with a loss of N113.6 billion in 2024, according to its unaudited results seen on the Nigerian Exchange.
The turnaround comes as relative stability in the naira reduced the scale of foreign exchange losses that had repeatedly wiped out operating gains.