GUINNESS OVERSEAS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the company to continue as a going concern. On the basis of their assessment, the company's directors have a reasonable expectation that the company will be able to continue in operational existence for a period of at least 12 months from the date the financial statements are approved and signed. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. GUINNESS OVERSEAS LIMITED · parent
   1. Atalantaf Limited 100% · Bermuda
   2. Diageo Brands Nigeria Ltd 100% · Nigeria
   3. DIREF Industria de Bebidas, Lda-Angola JV 50.1% · Angola
   4. Diageo Supply Marracuene Lda. 97.5% · Mozambique
   5. PT Gitaswara Indonesia 100% · Indonesia · distributor of alcohol beverages

Significant events

• “On 30 September 2024, the company completed the sale of its shareholding in Guinness Nigeria plc by receiving the proceeds in the amount of NGN 89,697,234,000 ($55,336,000) from N-Seven Nigeria Ltd, a subsidiary of Tolaram group. The loss on sale recognised by the company was $4,404,000.”
• “Operating costs increased due to the financial guarantee provided in the amount of $5,793,000 to East African Beweries plc for outstanding receivables from Guinness Nigeria plc.”
• “On 2 April 2025, Diageo plc announced the sale of its 54.4% shareholding in Seychelles Breweries Limited to Phoenix Beverages Limited, a subsidiary of Mauritius-based IBL Group. The company holds 30% of the shares. The sale was considered to be highly probable on 30 June 2025 and accordingly the company's investment in Seychelles Breweries Limited was classified as asset held for sale. On 1 July 2025, it was announced that the sale was completed and the consideration was received.”
• “The company recognised an impairment provision of $1,797,000 (2024: $nil) in respect of its investment in Diageo Angola Limitada for which the carrying amount may not be recoverable.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  +3.2%

  £371,733,136 → £383,506,301

• Employees

  —

  Not reported

• Operating profit

  +78.3%

  -£18,749,444 → -£4,071,905

• Profit before tax

  +2,690.2%

  £386,953 → £10,796,887

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers