Champion Breweries Logs ₦242 Million Quarterly Loss Driven By 14,000% Jump in Finance Costs

Champion Breweries swung to a loss in the third quarter (Q3) period of July to September 2025, largely due to a massive 14,000% jump in debt servicing costs, compared to a year-ago.

Champion Breweries booked a loss of N242 million in the standalone Q3 from N408 million profit in Q3, 2024, as finance costs jumped from N5.82 million in Q3, 2024, to N833.76 million as at Q3, 2025.

Champion Breweries had borrowings of N13.48 billion on its book as at September 2025, up from zero as at September 2024, which led to the surge in finance costs.

Revenue for the quarter rose 23% to N5.5 billion, however higher cost of sales in Q3 of N3.09 billion, compared to N2.32 billion led to Gross profit of N2.41 billion, up 12% year-on-year.

Net finance costs in the standalone Q3, 2025 rose by 1,740 percent to N749 million, compared to N40.74 million as at Q3, 2024.

In the 9-months period to September 2025, Champion Breweries recorded profit of N2.045 billion up 9,413% from N21.49 million as at 9m 2024.

Finance costs jumped to N1.377 billion from N20 million in the period.

MoneyCentral earlier reported that Champions Breweries walked a debt tightrope as it seeks to increase debt in the short term to help fund expansion, ahead of an acquisition that could boost revenues.

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