Nigerian Breweries has returned to profitability, bringing respite to the biggest beer maker in Africa’s most populous nation after two years of FX-induced losses dealt a blow to the company’s earnings.
The Lagos-based firm declared a net profit of N44.6 billion in its 2025 unaudited first quarter results, a 186 percent rise from the N52.1 billion loss recorded in the same period last year.
“Strong revenue growth, tamer cost pressures, and a sharp decline in FX losses primarily drove this performance,” analysts at CardinalStone Research said in a note last Thursday.