Champion Breweries unveils N42bn public supply

Champion Breweries Plc has unveiled a N42bn Public Provide of peculiar shares, opening a brand new part within the firm’s capital-raising programme aimed toward funding enlargement and the acquisition of the Bullet model portfolio throughout Africa.

The supply, which opened on 8 January 2026, is priced at N16.00 per share and follows approvals from the Securities and Change Fee and Nigerian Change Restricted. Below the supply, Champion is issuing 2.63bn peculiar shares of fifty kobo every, payable in full on utility. The supply is scheduled to shut on 21 January 2026, after which the shares can be listed on the NGX.

The Public Provide represents the second part of Champion’s two-step capital-raising programme, coming after the profitable N15.9bn Rights Concern to current shareholders. Proceeds from each workout routines can be used largely to fund the acquisition of the Bullet model portfolio via an asset carve-out construction, in addition to to assist working capital and progress initiatives.

In accordance with the corporate, the Bullet asset carve-out will switch possession of the model’s emblems, recipes and industrial rights throughout its African markets to Champion, positioning the brewer for regional enlargement and improved international forex earnings.

Commenting on the supply, Managing Director of Champion Breweries Plc, Inalegwu Adoga, mentioned the transaction presents a chance for traders to take part within the firm’s subsequent progress part.

“The opening of our Public Provide is an invite for traders to share within the subsequent part of Champion’s progress. With the Bullet acquisition, we’re combining practically 50 years of brewing heritage with a confirmed pan-African ready-to-drink and power drink platform,” he mentioned.

Additionally talking, Group Managing Director of enJOYcorp, David Butler, described the supply as a strategic transfer to scale operations effectively throughout markets.

“Champion’s story is one in all disciplined execution and good capital deployment. The asset carve-out construction for Bullet will enable us to unlock international trade earnings and scale rapidly, with out heavy upfront funding in new vegetation. This Public Provide allows a wider pool of traders to take part in that technique,” Butler mentioned.

Champion famous that Bullet is one in all Nigeria’s main ready-to-drink alcoholic drinks and among the many high power drink manufacturers in its markets of operation. The model is presently bought in 14 African international locations, with a good portion of revenues earned in international forex, offering a pure hedge in opposition to trade charge volatility.

The corporate has recorded robust monetary efficiency lately. Income rose from N12.7bn in 2023 to N20.9bn in 2024, whereas web earnings elevated from N370m to N817m over the identical interval. Within the first half of 2025, Champion reported N15.9bn in income and N2.3bn in web earnings, marking its strongest half-year efficiency so far.

The Public Provide is being managed by Rand Service provider Financial institution Nigeria Restricted as Lead Issuing Home, alongside a number of joint issuing homes, whereas Africa Prudential Plc is serving as Registrar. Purposes may be submitted via authorised receiving brokers or electronically through the NGX Make investments platform.