Champion Breweries Plc recorded a 140 per cent increase in revenue to N51.4bn in the nine months ended September 30, 2026, driven mainly by the consolidation of enJOYbev B.V., despite lower sales volumes in its standalone brewery business.
The brewer disclosed this in its unaudited financial results for the nine-month period, which showed that revenue rose from N21.4bn recorded in the corresponding period of 2025.
Operating profit increased by 48 per cent to N6.3bn from N4.3bn, while profit after tax rose to N2.18bn from N2.05bn.
The company attributed the revenue growth mainly to the consolidation of enJOYbev B.V., noting that its standalone brewery business recorded lower sales volumes, in line with industry trends.
It said disciplined pricing and product mix optimisation helped protect profitability despite the challenging consumer demand environment.
However, operating margin moderated as the group absorbed integration costs and continued investments in route-to-market expansion, brand building and distribution.
The company said its profit after tax included a net tax credit of approximately N1.3bn, mainly arising from deferred tax recognised on temporary differences under IAS 12.
