UNAUDITED AND PROVISIONAL RESULTS FOR THE FIRST QUARTER

(THREE MONTHS) ENDED 31ST MARCH, 2022

The Board of Directors ("the Board") of Nigerian Breweries Plc ("the Company") hereby announces the following Unaudited and Provisional Results for the First Quarter (three months) ended 31st March, 2022:

Income Statement

Net Revenue Cost of Sales

Marketing, Distribution & Admin. Expenses

Other Income

Results from Operating Activities

Finance Income

Net loss on foreign exchange

  • transactions (1,877) (1,877)

  • Finance Charges (1,158) (1,181)

Profit Before Tax

  • Income Tax (7,149) (7,144)

    Other comprehensive income, net

  • of tax 13,614 13,774

    Total Comprehensive income for

  • the quarter 13,614 13,774

    Attributable to:

  • Owners of the Company 13,612 13,774

Non-controlling interest

Total Comprehensive income for the year 13,774 Earnings per Share

Basic Earnings Per Share (kobo) 171

Fully Diluted Earning P/Share (kobo)

Group* 31/03/2022 ₦'million 137,772

Group*

Company

Group

Company

31/03/2021

31/03/2021

Change

Change

₦'million

₦'million

%

%

105,676

105,662

30.4

30.4

(66,005)

(66,005)

(14.1)

(14.1)

(25,549)

(25,454)

(55.0)

(54.7)

368

368

133.5

133.5

14,490

14,571

63.7

64.0

25

25

189.0

189.0

(612)

(612)

(206.7)

(206.7)

(2,390)

(2,411)

(51.5)

(51.0)

11,514

11,574

80.3

80.7

(3,855)

(3,849)

(85.5)

(85.6)

7,660

7,725

77.7

78.3

7,660

7,725

77.7

78.3

7,658

7,725

77.7

78.3

2

2

23.8

13,614

7,660

7,725

77.7

78.3

169

96

97

76.0

76.3

169

96

97

76.0

76.3

  • (75,319) (75,319)

  • (39,588) (39,384)

859 23,724

859 23,903

74

20,763

171

The detailed Financial Statements for the year are available on the Company's website,www.nbplc.com/investor-relations.

*Group results include the figures of 234 Stores Limited and Benue Bottling Company Limited, a non-functioning subsidiary of the Company.

Dated the 22nd day of April, 2022

By Order of the Board.

DIRECTORS: Chief K.B. Jamodu, CFR - Chairman; H.Essaadi (Dutch) - Managing Director/Chief Executive; Mrs. J. Anammah; Mrs. A.O. Aroyewun;

S. Hiemstra (Dutch); A. Ighodalo; R. Kleinjan (Dutch); Mrs. N.O. Nwuneli, MFR; Mrs. I.M. Omoigui Okauru, MFR; R. Pirmez (Belgian); Mrs. Y. Yedikardesler (Turkish).

Uaboi G. AGBEBAKU, Esq. Company Secretary FRC/2013/NBA/00000001003

Iganmu House, Abebe Village Road Iganmu, Lagos, Nigeria

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NB - Nigerian Breweries plc published this content on 25 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2022 12:28:17 UTC.