H1: Nigerian Breweries Strengthens Financial Position with Improved Cash Generation

THISDAYLIVE | 09-09-2026 01:31am |

Nigerian Breweries Plc has reported a strengthened financial position in the first half of 2026, emerging debt-free with improved cash generation and positive retained earnings. The company's Finance Director, Maria Karaseva, disclosed during an investor call that net revenue exceeded N1 trillion, with an asset base of approximately N1 trillion. Cash performance increased by 264%, generating N73 billion in net free operating cash flow, enabling full repayment of outstanding loans. This recovery follows challenges in previous financial years.

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