CardinalStone Research forecasts Nigerian Breweries Plc will post N1.51 trillion in revenue this year, up 39% from 2024, as price hikes, seasonal demand, and product innovation help the brewer extend its recovery from two years of losses.
The Heineken-controlled company had already swung back into profit in the first half of 2025, reporting earnings per share of N2.85 compared with a loss of N8.28 a year earlier.
Revenue jumped 54% to N733.1 billion, with premium brands such as Heineken, Tiger, and Desperados recording double-digit volume growth despite softness in mainstream labels.