Unilever Nigeria Plc has announced a profit after tax of ₦5.6 billion for the first quarter ended March 31, 2025, marking a 65% increase from ₦3.4 billion in the same period of 2024.
Key Financial Highlights:
- Revenue: ₦46.9 billion, up 45% from ₦32.3 billion in Q1 2024.
- Gross Profit: ₦18.8 billion, a 40% increase from ₦13.5 billion.
- Operating Profit: ₦8.2 billion, up from ₦3.8 billion in the previous year.
- Profit Before Tax: ₦10.75 billion, a 147% rise from ₦4.36 billion.
- Earnings Per Share: ₦0.97, compared to ₦0.58 in Q1 2024.
The company’s Managing Director, Tobi Adeniyi, attributed the strong performance to a strategic focus on core product lines, brand excellence, and operational efficiency. He emphasized the company’s commitment to sustaining growth by prioritizing consumer needs and maintaining disciplined execution.
Unilever Nigeria’s product segments contributed as follows: Food Products generated ₦27.5 billion, Personal Care ₦15.1 billion, and Beauty & Wellbeing ₦4.3 billion.
Despite a 49% increase in the cost of sales to ₦28.1 billion, the company achieved a 40% rise in gross profit. Marketing and administrative expenses grew by 9.7% to ₦9 billion.
This robust first-quarter performance positions Unilever Nigeria for continued growth in 2025.
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