Nigerian Breweries (NB.NL) Stock Price

Nigerian Breweries Price

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80.00NGN
Market closed
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Today %

Nigerian Breweries (NB.NL) Stock | ISIN NGNB00000005. The current Nigerian Breweries stock price is 80 NGN (2026). Revenue is 1.86 T NGN. Net income is 84.78 B NGN. The P/E ratio is 11.32. Market capitalization is 960.14 B NGN. Nigerian Breweries operates in the Non-cyclical consumption sector.

Nigerian Breweries stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Nigerian Breweries over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Nigerian Breweries stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Nigerian Breweries's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Nigerian Breweries Stock Price History
DateNigerian Breweries Price
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Nigerian Breweries Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2015
293.91 B NGN
62.23 B NGN
38.06 B NGN
Jan 1, 2016
313.74 B NGN
52.9 B NGN
28.41 B NGN
Jan 1, 2017
344.53 B NGN
55.53 B NGN
33.04 B NGN
Jan 1, 2018
324.39 B NGN
36.89 B NGN
19.43 B NGN
Jan 1, 2019
323.01 B NGN
35.19 B NGN
16.1 B NGN
Jan 1, 2021
437.29 B NGN
38.51 B NGN
12.67 B NGN
Jan 1, 2022
550.64 B NGN
51.06 B NGN
13.18 B NGN
Jan 1, 2023
599.64 B NGN
43.52 B NGN
-106.31 B NGN
Jan 1, 2024
1.08 T NGN
68.6 B NGN
-144.89 B NGN
Invalid Date
1.53 T NGN
290.03 B NGN
72.12 B NGN
Invalid Date
1.86 T NGN
353.36 B NGN
84.78 B NGN
Invalid Date
2.2 T NGN
430.71 B NGN
104.38 B NGN
Invalid Date
2.62 T NGN
0 NGN
0 NGN

Nigerian Breweries Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 10, 2026, 3:05 PM
 
REVENUE (M NGN)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M NGN)
NET INCOME (M NGN)
NET INCOME GROWTH (%)
DIV. (NGN)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Nigerian Breweries generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Nigerian Breweries retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Nigerian Breweries's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Nigerian Breweries has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Nigerian Breweries's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Nigerian Breweries stock margins

The Nigerian Breweries margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Nigerian Breweries. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Nigerian Breweries.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2015
48.47 %
21.17 %
12.95 %
Jan 1, 2016
43.2 %
16.86 %
9.06 %
Jan 1, 2017
41.65 %
16.12 %
9.59 %
Jan 1, 2018
39.12 %
11.37 %
5.99 %
Jan 1, 2019
40.63 %
10.89 %
4.98 %
Jan 1, 2021
36.68 %
8.81 %
2.9 %
Jan 1, 2022
38.74 %
9.27 %
2.39 %
Jan 1, 2023
35.46 %
7.26 %
-17.73 %
Jan 1, 2024
29.5 %
6.33 %
-13.36 %
Invalid Date
29.5 %
18.93 %
4.71 %
Invalid Date
29.5 %
18.97 %
4.55 %
Invalid Date
29.5 %
19.57 %
4.74 %

Nigerian Breweries Stock Revenue, EBIT, Earnings per Share

The Nigerian Breweries earnings per share therefore indicates how much revenue Nigerian Breweries has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2015
37.2 NGN
7.88 NGN
4.82 NGN
Jan 1, 2016
31.65 NGN
5.34 NGN
2.87 NGN
Jan 1, 2017
34.61 NGN
5.58 NGN
3.32 NGN
Jan 1, 2018
32.45 NGN
3.69 NGN
1.94 NGN
Jan 1, 2019
32.31 NGN
3.52 NGN
1.61 NGN
Jan 1, 2021
40.09 NGN
3.53 NGN
1.16 NGN
Jan 1, 2022
48.93 NGN
4.54 NGN
1.17 NGN
Jan 1, 2023
53.29 NGN
3.87 NGN
-9.45 NGN
Jan 1, 2024
90.36 NGN
5.72 NGN
-12.07 NGN
Invalid Date
127.64 NGN
24.17 NGN
6.01 NGN
Invalid Date
155.21 NGN
29.44 NGN
7.06 NGN
Invalid Date
183.36 NGN
35.89 NGN
8.7 NGN

Nigerian Breweries business model & stock analysis

Nigerian Breweries Plc engages in brewing, marketing and, selling of lager, stout, non-alcoholic malt, and soft drinks. The company is headquartered in Lagos, Lagos and currently employs 2,685 full-time employees. The firm is engaged in brewing, marketing, and selling of lager, stout, non-alcoholic malt drinks and soft drinks. The firm's brands include Star lager beer; Gulder lager beer; Maltina, which is a nourishing malt drink; Legend Extra Stout; Amstel Malta; Heineken lager beer; Maltina Sip-it; Fayrouz, which is a non-alcoholic soft drink; Climax, a herbal energy drink; Goldberg lager; Malta Gold; Life Continental lager; Ace Passion; Star Lite and Star Radler, among others. Its products include 33 Export lager beer, Williams dark ale, Turbo Kings dark ale, More lager beer, malt drinks, Maltina Pineapple, Maltina Vanilla, Amstel Malta Ultra, Star Radler Red Fruits, and Desperados, which is a premium beer brand with a distinctive tequila flavor. The firm also focuses on ancillary business, which includes manufacturers of bottles, cans, crown corks, labels, cartons, and plastic crates.

Nigerian Breweries Eulerpool Fair Value

Nigerian Breweries historical P/E ratio, EBIT multiple, and P/S ratio

Nigerian Breweries annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Nigerian Breweries shares outstanding

The number of shares was Nigerian Breweries in 2025 — This indicates how many shares 12.002 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2015
7.9 B base_Shares
Jan 1, 2016
9.91 B base_Shares
Jan 1, 2017
9.96 B base_Shares
Jan 1, 2018
10 B base_Shares
Jan 1, 2019
10 B base_Shares
Jan 1, 2021
10.91 B base_Shares
Jan 1, 2022
11.25 B base_Shares
Jan 1, 2023
11.25 B base_Shares
Jan 1, 2024
12 B base_Shares
Invalid Date
12 B base_Shares
Invalid Date
12 B base_Shares
Invalid Date
12 B base_Shares

Nigerian Breweries Dividend History

14 years of dividend payments

YearAnnual DividendYoY ChangePayments
20231.03NGN 35.6%
20221.6NGN 46.8%
20211.09NGN 38.1%
20201.76NGN 24.5%
20192.33NGN 37.5%
20183.73NGN 4.2%
20173.58NGN 22.2%
20164.6NGN 2.1%
20154.7NGN 18.3%
20145.75NGN 91.7%

Nigerian Breweries dividend history and estimates

In 2025, Nigerian Breweries paid a dividend amounting to 5.64 NGN. Dividend means that Nigerian Breweries distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2015
4.7 NGN
0 NGN
Jan 1, 2016
4.6 NGN
0 NGN
Jan 1, 2017
3.58 NGN
0 NGN
Jan 1, 2018
3.73 NGN
0 NGN
Jan 1, 2019
2.33 NGN
0 NGN
Jan 1, 2021
1.09 NGN
0 NGN
Jan 1, 2022
1.6 NGN
0 NGN
Invalid Date
1.03 NGN
0.88 NGN
Invalid Date
0 NGN
5.64 NGN
Invalid Date
0 NGN
6.46 NGN
Invalid Date
0 NGN
7.92 NGN

Nigerian Breweries dividend payout ratio

In 2025, Nigerian Breweries had a payout ratio of 93.86%. The payout ratio indicates the percentage of the company's profits that Nigerian Breweries distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2015
72.27 %
Jan 1, 2016
118.85 %
Jan 1, 2017
79.9 %
Jan 1, 2018
142.11 %
Jan 1, 2019
107.16 %
Jan 1, 2021
69.53 %
Jan 1, 2022
101.18 %
Jan 1, 2023
92.62 %
Jan 1, 2024
87.77 %
Invalid Date
93.86 %
Invalid Date
91.42 %
Invalid Date
91.02 %
Price targets and forecasts for Nigerian Breweries are not yet available.

Nigerian Breweries shareholder structure

% Name
188.19925%
Heineken Holding NV
Heineken Holding NV
1.39849%
Redwheel
Redwheel
1.19492%
Allan Gray Proprietary Limited
Allan Gray Proprietary Limited
0.40065%
The Nigerian Breweries-Felix Ohiwerei Education Trust Fund
The Nigerian Breweries-Felix Ohiwerei Education Trust Fund
0.08033%
Eaton Vance Management
Eaton Vance Management
0.04671%
Progress Trust CPFA Limited
Progress Trust CPFA Limited
0.00833%
Ighodalo (Asue)
Ighodalo (Asue)
0.00139%
Aroyewun (Adeyinka O.)
Aroyewun (Adeyinka O.)
0.00129%
Ojekwe onyejeli (Stella)
Ojekwe onyejeli (Stella)
0.00037%
Okauru (Ifueko Marina Omoigui)
Okauru (Ifueko Marina Omoigui)

Nigerian Breweries Executives and Management Board

JA

Mrs. Juliet Anammah

Non-Executive Independent Chairman of the Board

HE

Mr. Hans Essaadi

Chief Executive Officer, Managing Director, Executive Director · since 2021

BB

Mr. Bernardus Wessels Boer

Finance Director, Executive Director · since 2022

UA

Mr. Uaboi Agbebaku

Executive Director, Company Secretary/Legal Director, Member of the Executive Committee · since 2003

AL

Mr. Ayodele Lawal

Sales Director, Member of the Executive Committee

Frequently asked questions about Nigerian Breweries

All fundamentals and in-depth analysis of Nigerian Breweries

Our stock analysis for Nigerian Breweries Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Nigerian Breweries Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.