NIGERIA – International Breweries Plc has reported its first profit in seven years for the financial year ended December 2025, supported by strong revenue growth and reduced foreign exchange losses, according to its audited financial results. The AB InBev-controlled brewer posted a net profit of N51 billion (US$37.67M), a significant turnaround from the N113.6 billion (US$83.9M) loss recorded in 2024. The recovery was largely attributed to improved macroeconomic stability, particularly a more stable naira, which reduced the impact of foreign exchange losses that had previously eroded earnings. “The result marks a strong turnaround from a loss of N111.8bn in the prior year, driven largely by stronger revenue performance and reduced foreign exchange losses,” the company said in its report. Revenue rose by 21 percent to N619 billion (US$457.18M), driven by price increases, improved sales volumes, and a more predictable operating environment. Gross profit increased to N209.6 billion ...