Nigerian Breweries Plc (NGX:NB)
Nigeria · Delayed Price · Currency is NGN 78.70
-0.80 (-1.01%)
At close: Apr 30, 2026
Nigerian Breweries Income Statement
Financials in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 1,496,803 | 1,467,422 | 1,084,436 | 599,643 | 550,638 | 437,285 | |
Revenue Growth (YoY) | 20.70% | 35.32% | 80.85% | 8.90% | 25.92% | 29.74% |
Cost of Revenue | 918,336 | 902,240 | 764,520 | 387,032 | 337,310 | 276,872 |
Gross Profit | 578,467 | 565,182 | 319,916 | 212,611 | 213,328 | 160,413 |
Selling, General & Admin | 373,506 | 363,455 | 251,443 | 172,436 | 165,172 | 125,473 |
Other Operating Expenses | -3,014 | -2,845 | -2,622 | -2,194 | -1,476 | -1,588 |
Operating Expenses | 374,157 | 362,970 | 252,875 | 170,713 | 164,271 | 122,831 |
Operating Income | 204,310 | 202,213 | 67,041 | 41,898 | 49,057 | 37,582 |
Interest Expense | -37,915 | -44,995 | -98,013 | -35,067 | -7,233 | -10,192 |
Interest & Investment Income | 1,778 | 1,778 | 4,242 | 513.24 | 349.19 | 313.52 |
Currency Exchange Gain (Loss) | 930.43 | 752.42 | -157,595 | -153,333 | -26,342 | -7,041 |
Other Non Operating Income (Expenses) | 1,066 | - | - | -0.12 | - | - |
EBT Excluding Unusual Items | 170,170 | 159,748 | -184,324 | -145,988 | 15,830 | 20,663 |
Gain (Loss) on Sale of Assets | 1,207 | 1,207 | 1,296 | 446.7 | 692.92 | 2,982 |
Other Unusual Items | 59.8 | 59.8 | - | - | - | - |
Pretax Income | 171,484 | 161,062 | -182,917 | -145,224 | 17,341 | 23,701 |
Income Tax Expense | 60,991 | 61,962 | -38,034 | -38,917 | 4,154 | 11,029 |
Earnings From Continuing Operations | 110,493 | 99,100 | -144,883 | -106,308 | 13,187 | 12,672 |
Earnings From Discontinued Operations | - | - | -112.75 | - | - | - |
Net Income to Company | 110,493 | 99,100 | -144,996 | -106,308 | 13,187 | 12,672 |
Minority Interest in Earnings | - | - | 109.01 | - | -4.55 | -6.26 |
Net Income | 110,493 | 99,100 | -144,887 | -106,308 | 13,182 | 12,666 |
Net Income to Common | 110,493 | 99,100 | -144,887 | -106,308 | 13,182 | 12,666 |
Net Income Growth | - | - | - | - | 4.08% | 72.02% |
Shares Outstanding (Basic) | 30,964 | 30,983 | 12,002 | 8,299 | 8,299 | 10,054 |
Shares Outstanding (Diluted) | 30,964 | 30,983 | 12,002 | 8,299 | 8,299 | 10,054 |
Shares Change (YoY) | 79.82% | 158.16% | 44.62% | - | -17.46% | 0.58% |
EPS (Basic) | 3.57 | 3.20 | -12.07 | -12.81 | 1.59 | 1.26 |
EPS (Diluted) | 3.56 | 3.19 | -12.07 | -12.81 | 1.58 | 1.26 |
EPS Growth | - | - | - | - | 25.80% | 70.65% |
Free Cash Flow | 258,863 | 104,731 | -85,530 | -173,408 | -75,333 | 32,209 |
Free Cash Flow Per Share | 8.36 | 3.38 | -7.13 | -20.89 | -9.08 | 3.20 |
Dividend Per Share | - | - | - | - | 1.350 | 1.280 |
Dividend Growth | - | - | - | - | 5.47% | 70.21% |
Gross Margin | 38.65% | 38.52% | 29.50% | 35.46% | 38.74% | 36.68% |
Operating Margin | 13.65% | 13.78% | 6.18% | 6.99% | 8.91% | 8.59% |
Profit Margin | 7.38% | 6.75% | -13.36% | -17.73% | 2.39% | 2.90% |
Free Cash Flow Margin | 17.29% | 7.14% | -7.89% | -28.92% | -13.68% | 7.37% |
EBITDA | 285,082 | 278,278 | 120,230 | 88,092 | 86,990 | 72,926 |
EBITDA Margin | 19.05% | 18.96% | 11.09% | 14.69% | 15.80% | 16.68% |
D&A For EBITDA | 80,772 | 76,065 | 53,189 | 46,194 | 37,933 | 35,344 |
EBIT | 204,310 | 202,213 | 67,041 | 41,898 | 49,057 | 37,582 |
EBIT Margin | 13.65% | 13.78% | 6.18% | 6.99% | 8.91% | 8.59% |
Effective Tax Rate | 35.57% | 38.47% | - | - | 23.95% | 46.53% |
Advertising Expenses | - | 138,943 | 76,313 | 51,324 | 57,069 | 40,530 |
Source: S&P Global Market Intelligence. Standard template. Financial Sources.