Nestle Nigeria PLC has reported a substantial growth in top-line performance for the 2025 financial year, with revenue climbing to ₦907 billion, representing a 39.4% increase over the previous year.
This growth was driven by resilient demand across its product categories, particularly in the nutrition and beverage segments.
However, the company faced a challenging bottom line, recording a Loss After Tax of ₦241 billion.
This loss was primarily attributed to massive unrealized foreign exchange losses totaling ₦452 billion following the continued devaluation of the Naira.
Despite the currency-induced hit to profitability, the company maintained a strong gross profit of ₦283 billion, a 27% increase from 2024, reflecting effective pricing strategies and localized sourcing initiatives.
Managing Director and CEO of Nestle Nigeria, Mr. Wassim Elhusseini, noted that while the macroeconomic environment remains difficult, the company’s operational fundamentals stay intact.
He emphasized that Nestle Nigeria is focusing on internal efficiencies and expanding its local supplier base to mitigate the impact of future currency fluctuations.
The 2025 audited financial statements highlight the ongoing struggle of multinational manufacturers in Nigeria to balance revenue growth with extreme currency volatility.
While the ₦907 billion revenue milestone demonstrates the strength of the Nestle brand and its market share, the heavy exposure to foreign-denominated liabilities remains a critical area of focus.
Moving forward, the company reiterated its commitment to the Nigerian market, prioritizing the development of high-quality, affordable nutrition products for its growing consumer base while navigating the current fiscal pressures.
