Champion Breweries to Quadruple 2025 Profit as Green Energy Transition Nears Completion

By Aduragbemi Omiyale

One of the brewery firms in Nigeria, Champion Breweries Plc, intends to quadruple its profit after tax (PAT) in the 2025 financial year for more value to shareholders.

The chief executive of the company, Mr Inalegwu Adoga, revealed this ambitious plan at the 49th Annual General Meeting (AGM) of the firm held last week.

He also disclosed that his team will make efforts to double this year’s revenue after the company grew earnings by 64.44 per cent in 2024 to N20.9 billion from N12.7 billion in 2023.

In the same period, Champion Breweries increased its pre-tax profit by 186.08 per cent, while the post-tax profit went up 120.47 per cent, with earnings per share (EPS) growing to N9.10 from N5.00, and the retained earnings up by 27 per cent.

This momentum was sustained in the first quarter of 2025 despite the harsh operating environment, with revenue rising by 94 per cent to N8.48 billion and the profit before tax up by 318 per cent amid tightly controlled expenses.

Mr Adoga attributed this performance to disciplined execution, a resilient workforce, and unwavering stakeholder confidence, informing the gathering of the near-completion of the organisation’s green energy transition.

As part of its commitment to Brewing a Sustainable Future, Champion Breweries is finalizing the deployment of a solar and green energy system designed to eliminate diesel use and significantly boost energy efficiency.

He underscored the company’s turnaround and commitment to delivering long-term shareholder value, crediting its strategic clarity and operational discipline for laying the foundation for sustained growth.

He also reaffirmed Champion Breweries Plc’s commitment to local sourcing, affordability, and maintaining a debt-free balance sheet amid ongoing economic challenges.

On his part, the chairman of Champion Breweries, Mr Imo-Abasi Jacob, described 2024 as a watershed year for the firm and confirmed the board’s approval of a N15 billion capital raise via green bond.

He further announced plans to seek an additional capital raise through a public offer to support facility upgrades, asset expansion, and increased operational capacity.

“To further strengthen our growth agenda, Champion Breweries Plc will launch a green bond programme to finance renewable energy and modernization projects, alongside a commercial paper programme to boost short-term liquidity.

“While others struggled, Champion Breweries Plc stood tall, we are now strategically positioned for even greater capital market engagement,” the cleric stated.