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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Guinness Nigeria

GUINNESS · Nigerian Exchange · Company statements

On this page
Company details
Legal name
Guinness Nigeria Plc
Listing
GUINNESS on the Nigerian Exchange, active · ISIN NGGUINNESS07 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

Read with these figures

  • Change in operations. Change of year end: the current period covers 18 months (1 July 2024 to 31 December 2025) against 12 months to 30 June 2024; the periods are not directly comparable. No change rates are shown.
Full wording and sources

  • Change in operations: periods not directly comparable

    Change of year end: the current period covers 18 months (1 July 2024 to 31 December 2025) against 12 months to 30 June 2024; the periods are not directly comparable.

    Source: Guinness Nigeria Plc — 2025 Annual Report & Financial Statements (dated 2026-02-16)

  • Revenue

    NGN 731 billion

    730,808,355 NGN thousands · p87

    Change not shown.

  • Operating profit / (loss)

    NGN 89.3 billion

    89,268,927 NGN thousands · p87

    Change not shown.

  • Profit / (loss) for the year

    NGN 41.2 billion

    41,162,700 NGN thousands · p87

    Change not shown.

  • Total assets

    NGN 245 billion

    245,176,709 NGN thousands · p86

    Change not shown.

  • Total equity

    NGN 43.3 billion

    43,324,166 NGN thousands · p86

    Change not shown.

  • Cash from operations

    NGN 33.6 billion

    33,618,484 NGN thousands · p89

    Change not shown.

Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

No change rate is shown: Change of year end: the current period covers 18 months (1 July 2024 to 31 December 2025) against 12 months to 30 June 2024; the periods are not directly comparable.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Revenue 730,808,355 299,489,774
Cost of sales (500,326,406) (208,031,003)
Gross profit 230,481,949 91,458,771
Other Income 283,639 3,177,450
Administrative expenses (43,190,962) (19,538,535)
Marketing and distribution expenses1 (98,305,699) (49,690,205)
Profit from Operating Activities 89,268,927 25,407,481
Finance expenses (26,257,376) (101,560,850)
Finance Income 5,380,546 2,473,500
Profit/(loss) before tax 68,392,097 (73,679,869)
Income tax (27,229,397) 18,913,093
Profit/(loss) for the year 41,162,700 (54,766,776)
Other comprehensive income, net of tax –2 –2
Total comprehensive Income/(loss) for the year 41,162,700 (54,766,776)
  1. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (1)
  1. “Marketing and distribution expenses” is an issuer-specific line, not mapped to a shared definition: Note 8.

Balance sheet

Balance sheet, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Property, plant and equipment 126,770,739 101,321,397
Intangible assets 6,349,764 481,120
Right of use assets 128,168 131,180
Deferred Tax Asset –1 20,640,824
Total non-current assets 133,248,671 122,574,521
Trade and other receivables 38,350,794 13,225,730
Prepayment and other assets2 20,633,480 1,561,241
Inventories 45,819,745 41,857,479
Restricted Cash3 155,000 1,106,760
Cash and cash equivalents 6,969,019 45,804,346
Total current assets 111,928,038 103,555,556
Total assets 245,176,709 226,130,077
Share capital 1,095,191 1,095,191
Share Premium 47,447,029 47,447,029
Retained earnings (5,218,054) (46,380,754)
Total equity 43,324,166 2,161,466
Lease Liabilities 146,436 135,325
Deferred Tax Liabilities 1,647,299 –4
Retirement benefit obligation5 1,474,215 1,363,939
Long-term borrowings 7,078,650 –4
Deferred government income6 796,648 –4
Total Non-Current Liabilities 11,143,248 1,499,264
Bank overdraft 523,538 –7
Current tax liabilities 2,940,082 2,503,543
Dividend payable 149,981 1,184,550
Loans and borrowings 36,839,360 40,132,900
Deferred government income6 417,801 –7
Contract Liabilities 4,723,216 2,743,373
Trade and other payables 145,115,295 175,904,964
Lease liabilities 22 17
Total current liabilities 190,709,295 222,469,347
Total liabilities 201,852,543 223,968,611
Total equity and liabilities 245,176,709 226,130,077
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (4)
  1. “Prepayment and other assets” is an issuer-specific line, not mapped to a shared definition: Note 19.
  2. “Restricted Cash” is an issuer-specific line, not mapped to a shared definition: Note 21: unclaimed dividends held in a separate bank account under SEC guidelines; not cash in the cash flow statement.
  3. “Retirement benefit obligation” is an issuer-specific line, not mapped to a shared definition: Note 28 (non-current).
  4. “Deferred government income” is an issuer-specific line, not mapped to a shared definition: Note 27: Bank of Industry loan grant element.

Cash flow

Cash flow, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Cash generated from operations (unlabelled subtotal) 80,961,561 29,162,635
Income tax paid (4,504,734) (4,959,969)
Value added tax paid1 (42,587,239) (15,141,925)
Defined benefit obligation2 (251,104) (179,791)
Cash generated from operating activities 33,618,484 8,880,950
Purchase of property, plant and equipment (41,036,453) (10,131,852)
Acquisition of Intangible Asset (6,729,451) (58,351)
Proceeds from sale of property, plant and equipment 184,770 1,582,501
Interest received3 533,649 2,379,117
Net cash used in investing activities (47,047,485) (6,228,585)
Interest paid4 (24,334,075) (8,389,791)
Addition of loan in the year 220,834,319 3,889,841
Repayment of lease liability (21,436) (4,998)
Repayment of loan in the year (218,480,805) (49,843,427)
Dividend paid (1,034,569) (7,656)
Net cash used in financing activities (23,036,566) (54,356,031)
Net decrease in cash and cash equivalents (36,465,567) (51,703,666)
Cash and cash equivalents at the beginning of the period 45,804,346 92,124,683
Effect of foreign exchange difference (2,893,298) 3,560,940
Cash and cash equivalents at the end of the period 6,445,481 43,981,957
Notes and alternative reported figures (4)
  1. “Value added tax paid” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  2. “Defined benefit obligation” is an issuer-specific line, not mapped to a shared definition: Operating activities: benefits paid.
  3. “Interest received” is an issuer-specific line, not mapped to a shared definition: Note 12; presented by the issuer within investing activities.
  4. “Interest paid” is an issuer-specific line, not mapped to a shared definition: Presented by the issuer within financing activities.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Earnings / (loss) per share (per share)41 18.792 (25.00)3
  1. Printed as 1,879 Kobo; value converted to NGN at 100 Kobo = 1 NGN.
  2. Printed as (2,500) Kobo; value converted to NGN at 100 Kobo = 1 NGN.
Notes and alternative reported figures (2)
  1. “Profit/(loss) per share (Kobo)”: mapping to a shared definition is uncertain. Printed 'Profit/(loss) per share (Kobo)'; basic or diluted not stated on the face.
  2. Earnings / (loss) per share: printed as “Profit/(loss) per share (Kobo)”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Dividend paid (1,034,569) NGN thousands Annual report, p89
30 Jun 2024 Dividends paid (cash flow statement) Dividend paid (7,656) NGN thousands Annual report, p89

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Guinness Nigeria Plc — 2025 Annual Report & Financial Statements

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: PricewaterhouseCoopers (Chartered Accountants, Lagos), unmodified opinion · signed

    Auditor's sign-off: Edafe Erhie, Engagement Partner, for PricewaterhouseCoopers

    Final status: Independent auditor's report signed by hand by Edafe Erhie for PricewaterhouseCoopers (FRC/2013/ICAN/00000001143), with the ICAN seal and dated 16 February 2026 (PDF p81, page image); statements approved by the board on 13 February 2026 and signed by hand by the chairman (Prof Fabian Ajogwu, SAN), the managing director (Girish Sharma) and the finance & strategy director (Mayank Kabra) (PDF p86, page image). Unmodified opinion; no emphasis of matter or going-concern paragraph.

    Document date
    16 Feb 2026
    Auditor's report
    16 Feb 2026
    Board approval
    13 Feb 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    company statements · NGN thousands (printed “=N='000”)
    • The statement of cash flows prints comparative cash at the end of the period as 43,981,957 (12 months to 30 June 2024, p89), while the current period opens with 45,804,346 (p89), the statement of financial position prints cash and cash equivalents of 45,804,346 at 30 June 2024 with no bank overdraft (p86), and note 21 states cash and cash equivalents in the statement of cash flows at 30 June 2024 as 45,804,346 (p123). Figures are transcribed as printed; the comparative closing-cash check fails by 1,822,389.
    • Change of year end: the current column is the 18-month period ended 31 December 2025 (1 July 2024 to 31 December 2025) and the comparative the 12 months ended 30 June 2024 (pp86-89; auditor's opinion p78). Current and comparative flows are not comparable. The statement of financial position heads its current column '18 months ended 31 Dec 2025'. Interest received is presented in investing activities and interest paid in financing activities. Cash generated from operations is an unlabelled subtotal (p89).
    • Earnings per share printed in kobo (1,879; 2024: (2,500), p87); stored in naira with the printed figure and unit kept.
    Technical details
    File
    162 pages, with a text layer
    SHA-256
    d8a558be1620a0f5eb254deedd67c9b58c42e7732612c9a84d506ee2952d6b3c
    Entity as printed
    Guinness Nigeria Plc ("the company")
    Issuer copy
    retrieved 2026-10-08T20:38:17Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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