Shares of Guinness Nigeria Plc rose 41% in September, lifting year-to-date gains to about 162% and setting the brewer on course for its strongest year yet.

The rally follows a sharp financial rebound. For the year ended June 30, 2025, Guinness posted a ₦27.9 billion pretax profit, compared with a ₦73.6 billion loss a year earlier. Revenue jumped 66% to ₦496.6 billion, while finance costs fell due to reduced foreign-exchange losses.

The turnaround has been linked to Tolaram Group’s takeover from Diageo in September 2024, which brought new governance and operational reforms.

Analysts say sustaining lower costs and strong demand could cement 2025 as Guinness Nigeria’s best year on record.