Guinness Nigeria Plc’s shares have surged over 41 per cent on the Nigerian Exchange in September, reaching a yearly high above N180.

The stock started the month at N130 and soared to N183 by September 23, 2025, potentially making September its strongest month yet.

This impressive performance follows the company’s audited financials for the year ended June 30, 2025, which show a remarkable turnaround with a pretax profit of N27.9 billion, recovering from a loss of N73.6 billion in the same period of 2024.

Revenue rose significantly by 65.82% to N496.6 billion, while finance expenses were cut from N30.6 billion to N8.5 billion, mainly due to the measurement of foreign currency balances.

This improvement is attributed to Tolaram Group’s acquisition of a 58.02% stake from Diageo, completed in September 2024, which has positively influenced operations as reflected in the 2025 results.

The year-to-date gain on the Nigerian Stock Exchange now stands at 161.78%, making 2025 Guinness Nigeria’s best year yet if the momentum continues.

The stock started 2025 at N70.25, recovering from a pullback to N49.60 in March 2024. After a slight slip to N74 in February, the stock’s momentum picked up in March, steadily rising to achieve a half-year gain of 25.27%.

The second half of the year saw stronger gains, with a 33% increase in July and further growth in August, driving the stock to N130.

Guinness Nigeria’s operational recovery in 2025 appears to have boosted investor participation, marking the company’s strongest performance since it began trading in 2012. After Tolaram Group’s acquisition, board changes were implemented, and new members were appointed, while Tolaram took over Guinness Nigeria’s operations from Diageo.

In January, Guinness Nigeria released its financial results for the quarter ended December 31, 2024, posting a pretax profit of N20.1 billion, rebounding from a loss of N8.2 billion in the same quarter of 2023. Sales reached N133.7 billion, up from N83 billion, with strong revenue driving the bottom-line profit despite rising finance expenses.

Similarly, results for the quarter ended March 31, 2025, showed a pretax profit of N10.2 billion, compared to a N56 billion loss in the same quarter of 2024, with finance expenses reduced and sales rising 52.29% to N118.3 billion.