Money market / 29 Oct 2025

Nestle returns to profitability as revenue hits N884.5bn

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Nestle returns to profitability as revenue hits N884.5bn

By Sofiyyah Layole

Nestle Nigeria Plc has reported a strong financial performance for the first nine months of 2025, marking a solid return to profitability despite economic challenges.

The company posted a 33 percent increase in revenue to N884.54 billion for the period ended September 30, 2025, up from N665.29 billion recorded in the same period last year.

The nine-month financial statement released to the Nigerian Exchange Group (NGX) showed significant growth in operating profit, which rose by 63.6 percent to N181.34 billion from N110.84 billion in 2024. 

Profit before tax (PBT) stood at N127.96 billion, representing a major recovery from a pre-tax loss of N255.38 billion recorded in the corresponding period of the previous year.

Nestle posted a profit after tax (PAT) of N72.48 billion compared to a loss of N184.27 billion in 2024, reflecting strong operational resilience and improved cost management. 

The company’s equity position improved by N72.5 billion, supported by strengthened earnings and the early repayment of a USD 20 million inter-group foreign exchange loan in the third quarter.

Commenting on the results, Managing Director and Chief Executive Officer, Mr. Wassim Elhusseini, said the performance underscores the company’s sustained recovery and strategic focus.

“The results for the nine months signify the sustainability of our return to profitability since the fourth quarter of 2024,” he said. 

“The topline growth of 33 percent during this period, along with a profit after tax of N72.5 billion, clearly illustrates that our dedication to operational excellence and our robust fundamentals are producing the desired outcomes.” He also added that Nestlé will continue to deliver value across its supply chain.

The company’s financials show gross profit rose to N326.88 billion from N206.31 billion in 2024, while net finance costs dropped significantly to N53.39 billion from N366.23 billion, reflecting improved debt management and reduced foreign exchange exposure.