NB Share Price Performance
₦71.00
43.00 (153.57%)
7.3% overvalued intrinsic discount
₦66.17
Fair Value
Price ₦71.00
Wane_Investment_House ₦66.17
Fair Value₦66.17
Share Price₦71.00
7.3% overvalued intrinsic discount
Nigerian Breweries Plc Stock Price
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NB Community Narratives
WA
Fair Value ₦66.17 7.3% overvalued intrinsic discount
Q3 & 9M 2025 Earnings Report — Strong Recovery as Profit Rebounds to ₦85.5bn; Margin Expansion and Lower Finance Cost Drive Bottom-Line Grow
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Q3 & 9M 2025 Earnings Report — Strong Recovery as Profit Rebounds to ₦85.5bn; Margin Expansion and Lower Finance Cost Drive Bottom-Line Grow
Nigerian Breweries Plc (“NB” or “the Group”) delivered a strong recovery in earnings for the nine months ended 30 September 2025, posting a Profit After Tax (PAT) of ₦85.5 billion , a dramatic rebound from a ₦149.5 billion loss in the same period of 2024. The turnaround was driven by robust revenue growth (+47% YoY) , improved cost efficiency, and a sharp decline in net finance cost following the successful ₦600 billion Rights Issue completed in 2024 , which strengthened the balance sheet and reduced leverage.Read more
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WA
₦66.17
7.3% overvalued intrinsic discount
Wane_Investment_House Fair Value
Revenue growth
9.51% p.a.
Profit Margin
11.72%
Future PE
21x
Share price in 2028
₦114.34
Snowflake Analysis
Nigerian Breweries Plc Key Details
About NB
- Founded
- 1946
- Employees
- 2169
- CEO
- WebsiteView website
Nigerian Breweries Plc engages in the brewing, marketing, and selling of lager, stout, non-alcoholic malt drinks, and soft drinks in Nigeria. The company offers its products under the Star, Heineken, Gulder, Star Radler, More, Desperados, 33 Export, Star Lite, Goldberg, Life, Tiger, Turbo King, Legend, Williams, Legend, Climax, Amstel Malta, Amstel Malta Ultra, ZAGG, Maltina, Malta Goldberg lager, Malta Gold malt drink, Life Continental lager, Hi-Malt, and fayrouz brands. It also provides Climax herbal energy drink and spirits. The company sells its products through a network of distributors, wholesalers, bulk breakers, and various retail stores. It also exports its products to the United Kingdom, the Netherlands, the United States, Canada, the Middle East, rest of Asia, and other African countries. The company was formerly known as Nigerian Brewery Limited and changed its name to Nigerian Breweries Plc in 1990. Nigerian Breweries Plc was incorporated in 1946 and is headquartered in Lagos, Nigeria. Nigerian Breweries Plc operates as a subsidiary of Heineken N.V.