Guinness Nigeria posted revenue of ₦142.27bn in Q2 2026 — up 19.9% year-on-year — with profit after tax surging 57.3% to ₦14.91bn.
But the numbers on the income statement are only half the story. The more significant shift occurred on the balance sheet, where a deliberate, aggressive deleveraging strategy has fundamentally changed the company’s earnings quality and financial flexibility.
This report breaks down what drove the quarter and what it means for the full year, and our projections and recommendations are for the rest of the year in the full report below.
