Guinness Nigeria declares ₦2 interim dividend after N10.39bn Q1 profit 

Guinness Nigeria Plc has announced an interim dividend of ₦2.00 per ordinary share for the quarter ended March 31, 2026, following a strong financial performance in the first quarter of its 2026 financial year.

The company disclosed that it recorded a Profit After Tax of ₦10.39 billion, representing a 48 per cent increase from ₦7.03 billion reported in the corresponding period of 2025. Earnings per share also rose to ₦4.74, up from ₦3.21 in the previous year.

Revenue for the period grew modestly by 4 per cent to ₦122.77 billion, while operating profit stood at ₦17.18 billion, reflecting resilience despite prevailing margin pressures.

A key driver of the improved bottom line was a sharp decline in net finance costs, which dropped to ₦1.43 billion from ₦7.72 billion recorded in the same period last year.

The declared interim dividend translates to a total payout of about ₦4.38 billion, based on approximately 2.19 billion outstanding shares. The qualification date for shareholders has been fixed for April 20, 2026.

The company noted that the dividend would be paid out of distributable profits in compliance with the provisions of the Companies and Allied Matters Act 2020.

Chairman of the Board, Fabian Ajogwu, said the dividend reflects the strength of the company’s earnings and its commitment to delivering value to shareholders.

According to him, the strong growth in profit was driven by effective corporate governance, strategic clarity and the dedication of management and staff.

“We remain committed to rewarding our shareholders while positioning the company for sustainable, long-term growth,” he said.

Also speaking, Managing Director/Chief Executive Officer, Girish Sharma, said the company’s capital allocation strategy remains focused on disciplined execution and long-term value creation.

He noted that the interim dividend underscores improved operational efficiency and prudent financial management, while maintaining balance sheet stability.

Guinness Nigeria stated that it would continue to focus on sustaining profitability, strengthening its financial position and delivering consistent returns to shareholders.