Yemisi Izuora
Guinness Nigeria Plc has announced an interim dividend of ₦2.00 per ordinary share for the quarter ended 31 March 2026, signalling a strong earnings recovery and renewed focus on shareholder returns.
The Company delivered Profit After Tax of ₦10.39 billion in Q1 FY2026, representing a 48% year-on-year increase from ₦7.03 billion in Q1 FY2025. Earnings per share rose to ₦4.74 from ₦3.21 in the prior period.
Revenue grew by 4% to ₦122.77 billion, while operating profit remained resilient at ₦17.18 billion despite margin pressures. Notably, net finance costs declined significantly to ₦1.43 billion from Q1 FY2025 of ₦7.72 billion, supporting bottom-line growth.
The interim dividend translates to a total payout of approximately ₦4.38 billion, based on 2.19 billion shares outstanding. The qualification date is April 20, 2026.
The dividend will be paid from distributable profits in line with Sections 426–428 of the Companies and Allied Matters Act 2020.
This marks a significant step in restoring consistent shareholder value distribution following the Company’s strong FY2025 performance, with management maintaining a balanced approach between reinvestment and returns.
Commenting on the results, the Board Chairman, Prof. Fabian Ajogwu (SAN), said: “The Board is pleased to declare this interim dividend, which reflects both the quality of earnings achieved in Q1 FY2026 and our commitment to disciplined capital stewardship. A 48% 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. 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.”
The Managing Director/Chief Executive Officer, Girish Sharma, added: “Our capital allocation decisions remain grounded in disciplined execution, financial prudence and a clear focus on long-term value creation. 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.”
Guinness Nigeria remains focused on sustaining profitability, strengthening its balance sheet, and delivering long-term value to shareholders.