Champion Breweries Records Largest Profit Growth Among Nigeria Companies

Champion Breweries Plc continues to show resilience even amid a challenging environment as the brewer recorded the largest profit growth among firms who are listed on the NGXASI index, which validates an ongoing product diversification.

For instance, Champion Breweries profit after tax (PAT) surged by 9,417 percent as at September 2025, outperforming peer rivals Nigerian Breweries, Guinness Nigeria, and International Breweries who returned to the path of profitability, according to data gathered by MoneyCentral.

Further analysis shows Stanbic IBTC Holdings, United Bank for Africa (UBA), grew profit by 52.20 percent, 2.33 percent, while Access Holding, Guaranty Trust Holdings, FirstHolCo, Zenith Bank and Fidelity Bank, saw their profit dip by -2.23 percent, -35.52 percent, -15.55 percent, -7.62 percent, and -5.73 percent respectively.

For the building material sector, Dangote Cement’s profit spiked by 166.31 percent, Lafarge Africa (+245.67), and BUA Cement 491.91 percent, according to data gathered by MoneyCentral.

The largest energy firms Seplat Energies, Oando recorded profit expansion of 163.86 percent and 177.85 percent respectively.

Agric companies Okomu and Presco saw their profit grow by 122.90 percent and 144.02 percent as at September 2025.

Telecommunication giant MTN reverted to the path of profitability while peer rival Airtel Africa profit increased by 375.95 percent.

Power companies Geregu Power and Transcorp Power recorded profit expansion of 3.76 percent and 17.12 percent as at September 2025.

It important to note that Champion Breweries is growing its share of the brewery market, which reached its highest point in six years in 2024 full year (FY), with revenue jumping 64.44 percent year on year (YoY) to N20.89 billion from N12.70 billion in 2023, according to data from Meristem Securities who attributed topline (sales) growth to the company’s push into canned formats for Champion Lager and Champ Malta.

“This shift helped the brand break out of its long-standing dependence on bottles, improving visibility, convenience and competitiveness,” said analysts at Meristem Securities.

The brewer’s revenue spiked by 52.89 percent to N21.49 billion in the first nine months of 2025, which is higher than N14.02 billion recorded in 9-months 2024.

Champion Breweries recently acquired the ready-to-drink (RTD) alcoholic and energy brand Bullet, which has an established presence in 14 African countries, a business combination strategy expected to sustain revenue growth momentum.

Analysts at Meristem Securities project 2025 full-year revenue of N30.50 billion, up 43.86 percent year on year (YoY) from N20.89 billion in 2024 full-year (FY), driven by ongoing product diversification and strategic initiatives to capture additional market share.

Despite rising input costs brought on by imported inflation, Champion Breweries gross profit margin increased to 74.86 percent as at September 2025, from 48.05 percent the previous year.

Net profit margin rose to 9.54 percent in the period under review from 0.10 percent the previous year.

There are indications Champion Breweries will maintain the margin expansion and growth momentum, thanks to easing of foreign exchange volatility and moderating inflationary pressures.

The country’s favorable demography such a young population that crave for consumption as well as the launch of innovative products that are making an inroad into the market indicates investors will continue to swoop on the company’s stock in the expectation of getting  higher returns.

Champion Breweries shares have gained 280.58 percent since the start of the year, outperforming the NGXASI index gains of 41.19 percent.

The company is tapping the equity market as it commenced a rights issue worth N15.91 billion on the Nigerian Exchange Limited (NGX).  It says proceeds of the capital or fund will be used to fund future expansion plans and strengthen its balance sheet so as to favorably compete in a dynamic market.

Champion Breweries’ unique position as the only profitable brewer in Nigeria in 2024, followed by this massive leap in 2025, underscores its operational resilience.

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