Unilever Nigeria Plc has seen its net income jump by record 225 percent in the six months to June 2025, helped by rising revenue and a net finance income that more than doubled to N5.34 billion in the period under review.
According to its unaudited financial results, the consumer goods firm recorded a net profit of N14.4 billion in the half year of 2025, compared to N4.4 billion recorded in the same period last year. A situation that was supported by enhanced cost productivity and relative stability in macroeconomic conditions.
Unilever Nigeria also recorded a 54 percent surge in its top line earning which rose to N98.1 billion during the period under review, from N63.9 billion in the corresponding period of 2024.
This is as operating profit surged to N18.8 billion, up from N3.5 billion in the same period last year, reflecting a 444 percent increase.
Pre-tax profit grew four times to N24.1 billion in the first half of the year, leading to a gross profit of N42.1 billion from N26.2 billion last year.
Q2 results are even more striking
The second quarter results showed that the company’s net profit surged by 785 percent, rising from N1 billion in Q2 2024 to N8.85 billion in the reviewed period.
It also recorded a revenue rise of N51.12 billion, down from N39.39 billion in the same period last year with a large chunk of the earnings coming from its food and personal care segments.
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“Our second quarter and cumulative half-year performance reflect the strength of our foundations and the disciplined execution of our Growth Action Plan framework,” said Tobi Adeniyi, managing director of Unilever Nigeria.
“We are committed to ensuring our brands remain unmissably superior through continued investment, accelerating our route-to-market capabilities, and driving innovative cost optimisation initiatives across our operations. We will continue to invest in capacity expansion to ensure we are well positioned to meet the evolving needs of our consumers.”
Unilever declares interim dividend of N0.50k per 50 kobo in first in over 2 decades
As part of a broader measure to strengthen investor confidence, Unilever Nigeria’s board has declared an interim dividend of N0.50k per 50 kobo per ordinary share, marking the first time in more than a decade.
The payment will be subject to applicable withholding tax and would be paid to shareholders whose names appear on the Register of Members as at close of business on 8 August 2025, according to a statement by the firm.
The total interim dividend payable amounts to N2.87 billion, underscoring the company’s strong financial position and renewed growth momentum.
“These results mark a continuation of Unilever Nigeria’s upward trajectory over the past few quarters, underpinned by the company’s strategic focus on operational excellence, brand superiority, and market agility,” the company said.
Shares of Unilever Nigeria Plc have risen 107 percent year-to-date, and it is currently trading at N72.5o per unit. The company has recorded a 10 percent gain over its previous closing price of N62.00 from the N62.50 it closed last Friday. This highlights strong investor confidence and optimism in the internal control of the firm.
