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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

International Breweries

INTBREW · Nigerian Exchange · Company statements

On this page
Company details
Legal name
International Breweries Plc
Listing
INTBREW on the Nigerian Exchange, active · ISIN NGINTBREW005 (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

  • Revenue

    NGN 619 billion

    619,042,226 NGN thousands · p23

    +26.6% vs 2024

  • Operating profit / (loss)

    NGN 82.9 billion

    82,889,462 NGN thousands · p23

    Moved from loss to profit (FY2024: (91,077,921) NGN thousands)

  • Profit / (loss) for the year

    NGN 50.9 billion

    50,913,673 NGN thousands · p23

    Moved from loss to profit (FY2024: (113,614,900) NGN thousands)

  • Total assets

    NGN 740 billion

    739,743,846 NGN thousands · p25

    +1.6% vs 2024

  • Total equity

    NGN 500 billion

    499,827,750 NGN thousands · p25

    +11.3% vs 2024

  • Cash from operations

    NGN 139 billion

    139,316,368 NGN thousands · p27

    −6.5% vs 2024

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.

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 from contracts with customers 619,042,226 488,955,682
Cost of sales (409,400,971) (357,605,216)
Gross profit 209,641,255 131,350,466
Administrative expenses (44,029,758) (31,733,314)
Marketing, promotion and distribution expenses1 (80,751,014) (76,736,433)
Other income 973,443 22,647,833
Other losses - net2 (2,885,600) (136,152,495)
Impairment charge on financial assets (58,864) (453,978)
Operating profit/(loss) (unlabelled subtotal) 82,889,462 (91,077,921)
Finance income 18,243,552 14,011,589
Finance costs (12,177,545) (34,754,180)
Net finance income/(costs)3 6,066,007 (20,742,591)
Profit/(loss) before tax 88,955,469 (111,820,512)
Income tax expense (38,041,796) (1,794,388)
Profit/(loss) for the year 50,913,673 (113,614,900)
Other comprehensive loss for the year –4 (69,105,304)
Total comprehensive income/(loss) for the year 50,913,673 (182,720,204)
  1. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (3)
  1. “Marketing, promotion and distribution expenses” is an issuer-specific line, not mapped to a shared definition: Note 9: marketing, promotion and distribution expenses printed as one line (p23).
  2. “Other losses - net” is an issuer-specific line, not mapped to a shared definition: Note 11: other gains and losses, net, printed above the operating subtotal (p23).
  3. “Net finance income/(costs)” is an issuer-specific line, not mapped to a shared definition: Printed subtotal: finance income less finance costs (p23).

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 339,531,845 287,581,286
Right-of-use assets 44,445,565 29,264,685
Intangible assets 8,025,918 8,711,730
Deferred tax assets 33,404,374 63,736,315
Non-current assets (unlabelled subtotal) 425,407,702 389,294,016
Inventories 97,740,985 89,704,444
Trade and other receivables 61,145,378 108,683,027
Investment securities –1 30,946,236
Restricted cash2 206,267 206,267
Cash and cash equivalents 155,243,514 109,038,307
Current assets (unlabelled subtotal) 314,336,144 338,578,281
Total assets 739,743,846 727,872,297
Lease liabilities 42,202,159 20,949,151
Employee benefit obligations 2,135,323 1,780,307
Non-current liabilities (unlabelled subtotal) 44,337,482 22,729,458
Trade and other payables 184,462,639 241,144,452
Current tax liabilities 7,406,692 3,536,867
Lease liabilities 3,709,283 11,547,443
Current liabilities (unlabelled subtotal) 195,578,614 256,228,762
Total liabilities 239,916,096 278,958,220
Share capital 16,259,625 16,259,625
Share premium 673,192,574 673,192,574
Other reserves 1,360,756 1,360,756
Employee benefit reserves3 47,544 47,544
Retained losses (191,032,749) (241,946,422)
Total equity 499,827,750 448,914,077
Total equity and liabilities 739,743,846 727,872,297
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
Notes and alternative reported figures (2)
  1. “Restricted cash” is an issuer-specific line, not mapped to a shared definition: Note 20: restricted cash, printed apart from cash and cash equivalents (p25).
  2. “Employee benefit reserves” is an issuer-specific line, not mapped to a shared definition: Note 28: equity reserve (p25).

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 141,727,978 152,724,313
Income tax paid (2,193,229) (1,724,666)
Employee benefits paid1 (218,381) (2,073,858)
Net cash generated from operating activities 139,316,368 148,925,789
Acquisition of property, plant and equipment (111,133,352) (71,694,383)
Interest income received (note 19.6) 16,007,562 9,425,251
Initial direct cost2 –3 (445,628)
Proceeds from/(investment in) treasury bills4 33,552,587 (27,000,000)
Net cash used in investing activities (61,573,203) (89,714,760)
Proceed from borrowings –5 62,000,000
Proceed from issue of new shares6 –5 516,217,769
Repayment of principal on borrowings –5 (598,682,787)
Lease rental payments7 (23,130,650) (14,222,195)
Interest paid on borrowing –5 (46,366,329)
Net cash used in financing activities (23,130,650) (81,053,542)
Net increase / (decrease) in cash and cash equivalents 54,612,515 (21,842,513)
Cash and cash equivalents at the beginning of the year 109,244,574 132,372,865
Exchange loss on foreign currency cash and cash equivalent (8,407,308) (1,285,778)
Cash and cash equivalents at the end of the year 155,449,781 109,244,574
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (5)
  1. “Employee benefits paid” is an issuer-specific line, not mapped to a shared definition: Note 22.1: employee benefits paid, an operating cash outflow (p27).
  2. “Initial direct cost” is an issuer-specific line, not mapped to a shared definition: Note 15: initial direct costs of right-of-use assets, investing (p27).
  3. “Proceeds from/(investment in) treasury bills” is an issuer-specific line, not mapped to a shared definition: Note 17.1: net treasury bill flows, investing (p27).
  4. “Proceed from issue of new shares” is an issuer-specific line, not mapped to a shared definition: Notes 25, 26: proceeds from issue of new shares, financing (p27).
  5. “Lease rental payments”: mapping to a shared definition is uncertain. Printed 'Lease rental payments' (note 24(a)); whether it includes the interest element is not stated on the face of the statement.

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)1 0.30 (1.16)
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic and diluted earnings/(loss) per share (Naira)”.

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.

No dividend statement or amount collected.

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.

  • International Breweries Plc Annual report and financial statements for the year ended 31 December 2025

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

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

    Auditor's sign-off: Osere Alakhume (engagement partner), for PricewaterhouseCoopers

    Final status: Independent auditor's report (PDF p19-22) signed for PricewaterhouseCoopers by engagement partner Osere Alakhume (handwritten signature, ICAN seal) and dated 9 April 2026 (PDF p22, page image); statements approved by the board on 08 April 2026 and signed by the chairman, the finance director and the managing director (PDF p25, page image).

    Document date
    9 Apr 2026
    Auditor's report
    9 Apr 2026
    Board approval
    8 Apr 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    company statements · NGN thousands (printed “In thousands of naira”)
    • Investment securities 2025 and other comprehensive income 2025 are printed '-' (read as nil; confirmed by the printed subtotals).
    • Operating profit and the balance-sheet section subtotals (non-current and current assets and liabilities) are printed without labels (p23, p25). Cash at the end of the year in the cash-flow statement (155,449,781) includes restricted cash (206,267) shown apart on the statement of financial position.
    Technical details
    File
    62 pages, with a text layer
    SHA-256
    749f12316ced9ddf7ee69bc1ce2505bdd19ac551bb46bb60c5f1dec2f4c7c43f
    Entity as printed
    International Breweries Plc ("the Company"), RC 9632
    Exchange copy
    retrieved 2026-10-08T18:01:15Z

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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