Nigeria’s listed consumer goods sector posted a remarkable rebound in the first half of 2025, with several companies recovering from deep losses in 2024 to significant profits.
BUA Foods Plc led the rankings with N260.07 billion profit after tax (PAT), followed by Nigerian Breweries and International Breweries, highlighting both sectoral resilience and renewed consumer demand.
Smaller firms, including Vitafoam Nigeria, Champion Breweries, and Northern Nigeria Flour Mills, also demonstrated resilience with sharp earnings growth and improved efficiency metrics while their absolute profit sizes remain modest.
This performance reflects the resilience of Nigeria’s consumer goods sector despite persistent inflationary pressures, foreign exchange volatility, and weaker consumer demand in 2024. Companies benefited from tariff adjustments, tighter cost discipline, and a more stable FX environment, which collectively supported margin expansion and improved bottom-line performance.
Large operators such as Dangote Sugar Refinery, PZ Cussons, Guinness Nigeria, and Honeywell Flour Mills still posted losses during the period, underlining the challenges some players continue to face despite sector-wide improvements.
Below are the most profitable listed consumer goods in H1 2025.
Top 10 most profitable listed consumer goods
- PAT: N2.29 billion (H1 2024: -N387 million)
- PBT: N3.46 billion
- Revenue: N15.93 billion
Champion Breweries made PAT of N2.29 billion in H1 2025, changing from a loss of N387 million in H1 2024. Pre-tax profit came in at N3.46 billion on revenues of N15.93 billion.
The brewer achieved a net margin of 14%, highlighting lean operations despite its smaller scale. With ROA of 9%, ROE of 17%, and ROCE of 16%, Champion demonstrates solid returns across key efficiency metrics.
The company reported EPS of N0.29, though its P/E ratio of 52.18x computed using the share price of N15.25 from 26th September 2025 shows the stock trades at a steep premium, reflecting investor optimism that may be ahead of fundamentals.
