Nigerian Breweries studies N69.9 billion revenue in Q1 2025, on income development and decreased FX losses
Nigerian Breweries Plc has launched its {financial} outcomes for the primary quarter ended March 31, 2025, reporting a pre-tax revenue of N69.9 billion.
This can be a notable restoration from a pre-tax lack of N65.5 billion in the identical quarter of 2024, primarily resulting from elevated income and a big discount in international alternate losses.
Internet income rose by 68.91%, growing from N227.1 billion in Q1 2024 to N383.6 billion in Q1 2025.
- In the meantime, the price of gross sales went up by 49.45%, reaching N217.06 billion, up from N145.2 billion the earlier 12 months.
Regardless of this rise in prices, gross earnings grew by 103.43%, reaching N166.5 billion in comparison with N81.8 billion in Q1 2024.
- On the draw back, promoting and distribution bills elevated to N66.2 billion from N45.01 billion in Q1 2024.
Nevertheless, the group reported N85.2 billion in earnings from core operations, a big enhance of 237.48% from N25.2 billion.
Finance earnings additionally grew, rising to N264.4 million, up 86.65% from N141.6 million.
- Positively, the group decreased web international alternate losses from N72.8 billion in Q1 2024 to only N178.01 million in Q1 2025.
- Moreover, finance prices have been lowered from N18.1 billion to N15.3 billion, indicating enchancment in {financial} administration.
Key highlights:
- Internet Income: N383.6 billion, +68.91% YoY
- Price of Gross sales: N217.06 billion, +49.45% YoY
- Gross Revenue: N166.5 billion, +103.43% YoY
- Promoting and Distribution Bills: N66.2 billion, +47.20%
- Working Outcomes: N85.2 billion, +237.48% YoY
- Internet Loss on Overseas Change Transactions: N178.01 million, -99.75% YoY
- Finance Prices: N15.3 billion, -15.32% YoY
- Pre-tax Revenue: N69.9 billion, 206.72% YoY
As of the buying and selling day on seventeenth April 2025, shares of Nigerian Breweries are priced at N36.20, with a year-to-date efficiency of 13.13%.
