Guinness proposes N2 interim dividend, market cap surpasses N1trn

Guinness Nigeria Plc has proposed an interim dividend of N2 per ordinary share, subject to appropriate withholding tax (WHT) and approval. The interim dividend will be paid to shareholders of Guinness Nigeria whose names appear in the register of members as at the close of business on Monday, April 20, 2026.

On April 24, 2026, dividends will be paid electronically to shareholders of Guinness Nigeria Plc whose names appear on the Register of Members as at April 20, 2026, and who have completed the E-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.

As of April 10, 2026, Guinness Nigeria Plc’s market capitalisation stood at approximately N1.01 trillion, with an enterprise value of N1.05 trillion. This milestone reflects a significant re-rating of the business by the market, driven by improved fundamentals and a renewed growth trajectory.

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This achievement caps a remarkable 18-month period during which the company has delivered substantial improvements in shareholder value. As of April 12, 2026, Guinness Nigeria’s share price closed at N462.90, reflecting strong upward momentum and sustained investor confidence in the company’s strategic direction and performance outlook.

The company’s latest audited financial results for the 18-month period, ended 31 December 2025, further underscore this transformation. Guinness Nigeria delivered revenue of N730.80 billion, while gross profit rose by 152 percent to N230.48 billion, demonstrating strong margin expansion and improved operational efficiency.

In a significant turnaround, the company recorded a net profit after tax of N41.16 billion, recovering from a loss position in the prior period. This return to profitability highlights the success of ongoing transformation efforts and reinforces the company’s commitment to delivering sustainable, long-term value for shareholders.

The reporting period reflects a pivotal phase in the company’s evolution, including its transition to a new financial year-end of December 31 and its first full audited reporting cycle under its current ownership structure, laying a stronger foundation for future growth.

Fabian Ajogwu, chairman of the Board, Guinness Nigeria Plc, said, “This is a defining moment for Guinness Nigeria and a strong validation of the strategic direction we are pursuing. Crossing the N1 trillion market capitalisation threshold reflects the resilience of our business, the strength of our brands, and the renewed confidence of the investment community in our long-term prospects. We remain committed to disciplined governance, sustainable growth, and long-term value creation for all stakeholders.”

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Over the period, the company has driven performance through revenue growth, portfolio optimisation, cost discipline, and expanded route-to-market capabilities. These efforts have been complemented by a sharpened focus on innovation, premiumisation, and consumer-centric strategies, reinforcing its leadership in Nigeria’s beverage alcohol sector.

Guinness Nigeria has also continued to strengthen its balance sheet, embed sustainability into its operations, and uphold strong corporate governance standards, while maintaining its commitment to responsible consumption and positive community impact.

Looking ahead, the company remains focused on accelerating growth through consumer obsession, portfolio expansion, and continued innovation, while maintaining a disciplined approach to capital allocation and shareholder return.