Nigeria, April 11 -- International Breweries, Nigeria's second-biggest beer maker, is out of the woods at last as it reported its first annual profit since 2017 in the 2025 financial year.

The results signal profound relief for AB InBev, the Belgian majority owner, which had endured seven harrowing years of losses.

The company booked N50.9 billion in post-tax profit for 2025, relative to a net loss of N113.6 billion the previous year, its audited financial report issued on Friday stated.

International Breweries, which owns popular beer brands such as Budweiser, Trophy, Hero and Castle Lite, is worth N739.7 billion in assets, placing it next to Heineken-backed Nigerian Breweries among the country's top beer manufacturers.

Its share pri...