Guinness Nigeria Plc has ruled out any plan to leave the Nigerian Exchange, reaffirming its commitment to remaining publicly listed as the brewer enters a stronger phase of financial recovery. Managing Director Girish Sharma made the clarification during the company’s investor and analyst engagement.
The announcement comes alongside a substantial improvement in the company’s finances. Guinness reported about ₦265 billion in H1 2026 revenue, while profit after tax rose 53% to ₦25.3 billion. Shareholders’ equity increased from ₦43.3 billion to ₦64.2 billion, while net debt fell from approximately ₦37 billion to ₦19 billion.
The brewer also invested almost ₦20 billion in capital expenditure during the first half, directing funds toward manufacturing, infrastructure and growth initiatives. It has simultaneously returned about ₦20 billion to shareholders through dividends.
For investors, the decision to remain listed removes uncertainty surrounding Guinness Nigeria’s future on the NGX while its improving balance sheet gives the company greater room to invest and manage financing pressures.
The next test is whether the stronger first-half performance can be sustained through the second half, particularly during the traditionally stronger festive trading period.
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