Worldwide Breweries Plc has reported a pre-tax revenue of N35.06 billion for the primary quarter ended March 31, 2025, recovering from a lack of N89.3 billion throughout the identical interval final yr.
This shift is primarily attributed to a rise in income and a discount in bills associated to overseas trade losses.
Income from the sale of beer and non-alcoholic malt drinks rose by 68.2%, growing from N103.2 billion in Q1 2024 to N173.6 billion.
- Nonetheless, the price of gross sales additionally elevated by 53.3%, reaching N113.9 billion, up from N74.3 billion within the earlier yr.
However, gross revenue elevated to N59.6 billion, which is a 106.7% rise year-over-year.
Much less favorably, administrative and promoting bills spiked to N27.4 billion from N21.8 billion within the prior yr.
- Nonetheless, the corporate considerably lowered different bills, primarily consisting of internet overseas trade losses, to N581.4 million from N80.5 billion in Q1 2024.
- Consequently, working revenue rose to N31.5 billion, in comparison with a lack of N80.5 billion in Q1 2024.
Whole belongings have been reported at N742.9 billion, reflecting a modest improve of two.07%.
Key Highlights:
- Income: N173.6 billion, +68.2% YoY
- Price of gross sales: N113.9 billion, +53.3% YoY
- Gross revenue: N59.6 billion, +106.7% YoY
- Administrative, advertising, and distribution bills: N27.4 billion, +25.7% YoY
- Different bills: N581.4 million, +99.3% YoY
- Working revenue: N31.5 billion, +139.1% YoY
- Pre-tax revenue: N35 billion, +139.2% YoY
- Whole Belongings: N742.9 billion, +2.07% YoY
As of the shut of buying and selling on April 28, 2025, shares of Worldwide Breweries have been priced at N8.47, with a year-to-date efficiency of 152.6%.
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