International Breweries (NSA:IBP) Pre-Tax Income: ₦90,353 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSA:IBP International Breweries PLC NSA:IBP
47 GF Score
Price ₦9.70
GF Value ₦2.35
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is International Breweries Pre-Tax Income?

International Breweries NSA:IBP -3.96% 47 Pre-Tax Income is ₦90,353 Mil as of Mar. 2026. GuruFocus rates NSA:IBP with a GF Score™ of 47/100 and a GF Value™ of ₦2.35 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. International Breweries's pretax income for the three months ended in Mar. 2026 was ₦40,311 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2026 was ₦90,353 Mil. International Breweries's pretax margin was 22.56%.

During the past 9 years, International Breweries's highest Pretax Margin was 21.23%. The lowest was -37.32%. And the median was 8.84%.


International Breweries  (NSA:IBP) Pre-Tax Income Explanation

International Breweries's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=40310.577/178706.926
=22.56%

During the past 9 years, International Breweries's highest Pretax Margin was 21.23%. The lowest was -37.32%. And the median was 8.84%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


International Breweries Pre-Tax Income Related Terms


International Breweries Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for International Breweries's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

International Breweries Pre-Tax Income Chart

International Breweries Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only -19,836.28 -26,844.46 -97,267.29 -111,820.51 85,108.89

International Breweries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35,066.97 26,460.21 12,686.28 10,895.44 40,310.58

NSA:IBP vs STZ, TAP: Pre-Tax Income Comparison

For the Beverages - Brewers subindustry, International Breweries's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


International Breweries Pre-Tax Income vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, International Breweries's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where International Breweries's Pre-Tax Income falls into.


NSA:IBP
47GF Score
International Breweries PLC NSA:IBP
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

International Breweries Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

International Breweries's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=73267.614+0+-6719.673+18085.214+475.73300000001
=85,109

International Breweries's Pretax Income for the quarter that ended in Mar. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=39656.793+0+0+0+653.784
=40,311

Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦90,353 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of ₦90,353 Mil mean?
International Breweries (NSA:IBP) has a Pre-Tax Income of ₦90,353 Mil as of Mar. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on International Breweries and its competitors.
Is International Breweries' Pre-Tax Income too high?
International Breweries' current Pre-Tax Income is ₦90,353 Mil. Overall, International Breweries has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does International Breweries' Pre-Tax Income compare to STZ and TAP?
International Breweries' Pre-Tax Income of ₦90,353 Mil can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for a Beverages - Alcoholic company?
A good Pre-Tax Income depends on the Beverages - Alcoholic industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on International Breweries and its competitors. International Breweries's current Pre-Tax Income is ₦90,353 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Breweries stock overvalued right now?
Based on GuruFocus' analysis, International Breweries (NSA:IBP) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦2.35, compared to a current price of ₦9.70 — trading 312.8% above its estimated fair value. The current Pre-Tax Income is ₦90,353 Mil. International Breweries' overall GF Score™ is 47/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For International Breweries (NSA:IBP), the current Pre-Tax Income is ₦90,353 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is International Breweries (NSA:IBP) Overvalued in 2026?

Based on GuruFocus' analysis, International Breweries stock appears to be overvalued. The current stock price of ₦9.70 is trading 312.8% above its estimated GF Value™ of ₦2.35. GuruFocus considers International Breweries to be Significantly Overvalued.

Key valuation signals for NSA:IBP:

  • Pre-Tax Income: ₦90,353 Mil
  • GF Value™: ₦2.35 vs. price of ₦9.70 (312.8% above fair value)
  • GF Score™: 47/100 with 2 warning signs

No single metric tells the full story. See the NSA:IBP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


International Breweries Business Description

Address Abuja Street, Plot 5A, Desiderata Building, Banana Island, Ikoyi, Lagos, NGA
International Breweries PLC engages in brewing, packaging, and marketing beer, alcoholic flavored/non-alcoholic beverages, and soft drinks in Nigeria. The company offers its products under the Trophy Lager, Trophy Black, Castle Milk Stout, Castle Lager, Redds, Hero, Grand Malt, Betamalt malt drink, and Voltic Water brands.
47GF Score

Get the complete analysis for NSA:IBP

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦9.70
Price
₦2.35
GF Value