Kayode Tokede
Following a 119.25 per cent progress in earnings tax expense, International Breweries Plc yesterday introduced unaudited 9 months ended September 30, 2026 with revenue after tax closing at N54.5 billion, a 5.74 per cent from N57.83 billion reported in 9 months ended September 30, 2025.
International Breweries in the interval posted N35.93 billion earnings tax expense in 9 months of 2026 from N16.39billion in 9 months of 2025, a vital issue that led to 5.74 per cent drop in revenue after tax.
The brewery marker on the Nigerian Exchange Limited (NGX) disclosed that its revenue earlier than tax, nevertheless, closed 9 months of 2026 at N90.44 billion, about 21.86 per cent enhance in comparison to N74.22 billion reported in 9 months ended September 30, 2025.
The firm in its revenue & loss figures declared N482.61billion income in 9 months of 2026, representing a rise of two.12 per cent from N472.6 billion in 9 months of 2025.
Despite double digit inflation, International Breweries posted N286.7 billion value of gross sales in 9 months of 2026, which is 8.02 per cent drop from N311.64 billion in 9 months of 2025.
With the curiosity in income and drop in value of gross sales, the corporate declared N195.94 billion gross revenue in 9 months of 2026, about 21.76 per cent enhance over N160.93 billion in 9 months of 2025.
The enchancment means that the brewer generated extra gross revenue from every naira of gross sales, though rising working bills continued to soak up a part of these features.
Administrative, advertising, and distribution bills elevated 26.1 p.c to N116.16 billion from N92.09 billion in the 9 months to September 2025.