Guinness Posts N25.3bn Profit as Debt Plummets in H1 2026

THISDAYLIVE | 22-08-2026 04:37am |

Guinness Nigeria Plc reported a 53% increase in half-year profit after tax to N25.3 billion, while reducing its net debt from about N37 billion to N19 billion. The company's revenue for the six months ended June 30, 2026, was approximately N265 billion, with net sales value growing by nearly 12% and operating profit rising 15%. Managing Director Girish Sharma attributed the performance to operational efficiencies and margin expansion despite inflation and currency volatility.

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