International Breweries Plc, a subsidiary of AB InBev, has reported a pretax profit of ₦12.6 billion for the third quarter ended September 30, 2025, marking a strong turnaround from the losses recorded in the same period last year.
The brewer, one of Nigeria’s leading beer producers, attributed the improved performance to strategic cost-cutting measures, increased market penetration, and a rebound in consumer demand across key brands such as Trophy, Hero, and Budweiser.
According to the company’s unaudited financial statement released on Monday, revenue for the quarter rose by 18% year-on-year to ₦84.3 billion, driven by higher sales volumes and price adjustments implemented earlier in the year to cushion the impact of inflation and rising production costs.
International Breweries also reported a gross profit of ₦34.5 billion, up from ₦27.1 billion in the same period of 2024. Operating expenses, however, remained relatively stable despite the challenging macroeconomic environment marked by high energy costs and currency volatility.
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Managing Director, Carlos Coutiño, said the results reflect the success of the company’s renewed focus on operational efficiency and brand innovation. “Our performance this quarter underscores our commitment to sustainable growth and value creation. We have continued to strengthen our portfolio, enhance productivity, and deepen our connection with Nigerian consumers,” he said.
Coutiño added that the company’s strategic investments in digital distribution and supply-chain optimization have begun to yield tangible results, helping to improve margins and reduce logistics costs.
Industry analysts have described the performance as a positive signal for Nigeria’s beverage sector, which has been under pressure from reduced consumer spending and escalating input costs. The company’s turnaround, they noted, demonstrates resilience and effective adaptation to the country’s evolving economic landscape.
International Breweries’ total assets stood at ₦790 billion during the review period, while shareholders’ equity rose by 6% to ₦230 billion. The company also hinted at plans to expand its product range and strengthen its presence in northern and eastern markets, where demand for affordable premium beers continues to grow.
Looking ahead, the brewer expressed optimism about sustaining profitability into the fourth quarter, citing improved distribution efficiency and steady consumer recovery. “We remain confident in our strategy and in Nigeria’s long-term growth potential,” Coutiño stated.
The positive earnings report lifted investor sentiment, with International Breweries’ shares rising 4.3% in Monday’s trading on the Nigerian Exchange Limited (NGX).