Guinness Nigeria declares N2 interim dividend on strong Q1 earnings
Guinness Nigeria Plc has declared an interim dividend of N2 per ordinary share after it recorded 48 per cent growth in net profit in the first quarter. Key extracts of
Guinness Nigeria Plc has declared an interim dividend of N2 per ordinary share after it recorded 48 per cent growth in net profit in the first quarter.
Key extracts of the interim report and accounts for the first quarter ended March 31, 2026 showed that the company witnessed strong earnings recovery during the period, with profit after tax rising from N7.03 billion in first quarter 2025 to N10.39 billion in first quarter 2026. With this, earnings per share rose to N4.74 from N3.21.
Revenue grew by four per cent to N122.77 billion, while operating profit remained resilient at N17.18 billion despite margin pressures. Notably, net finance costs declined significantly to N1.43 billion in 2026 as against N7.72 billion in comparable period of 2025.
Shareholders on the register of the company as at April 20, 2026 will receive total payout of N4.38 billion, based on 2.19 billion shares outstanding.
The dividend will be paid from distributable profits in line with Sections 426–428 of the Companies and Allied Matters Act 2020.
Chairman, Guinness Nigeria Plc, Prof Fabian Ajogwu said the dividend payout marked a significant step in restoring consistent shareholder value distribution following the company’s strong 2025 performance, with management maintaining a balanced approach between reinvestment and returns.
He said: “The board is pleased to declare this interim dividend, which reflects both the quality of earnings achieved in first quarter 2026 and our commitment to disciplined capital stewardship. A 48 per cent growth in profit after tax is not accidental, it is the result of sustained governance oversight, strategic clarity, and the dedication of our management team and employees.
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“As a board, we remain firmly committed to rewarding our shareholders while ensuring that Guinness Nigeria is positioned for sustainable, long-term growth. This dividend is a statement of confidence in our business, our people, and the resilience of our strategy.”
Managing Director, Guinness Nigeria Plc, Girish Sharma, said that the company’s capital allocation decisions remain grounded in disciplined execution, financial prudence and a clear focus on long-term value creation.
He said: “The interim dividend reflects the outcome of improved operational efficiency and a measured approach to capital deployment, while maintaining balance sheet strength and performance stability.”
He assured that Guinness Nigeria remains focused on sustaining profitability, strengthening its balance sheet, and delivering long-term value to shareholders.
