Unilever Nigeria reports N149.5bn full-year revenue

…As profits rise 3% in 2024, declares final dividend

Unilever Nigeria Plc has released its audited financial results for the year ended December 31, 2024, reporting a total revenue of N149.5 billion.

This represents a 43.94 per cent increase compared to the N103.8 billion reported the previous year, with domestic sales contributing significantly at N145.6 billion.

In terms of product categories, nutrition and personal care generated the bulk of the revenue, with figures of N92.6 billion and N43.9 billion, respectively.

The company reported a pre-tax profit of N22.6 billion for FY 2024, which is a slight increase of 3.46 per cent from the N21.8 billion reported the previous year.

Additionally, Unilever announced a final dividend of N1.25 kobo gross for each ordinary share of 50 kobo, subject to withholding tax and necessary approvals.

This dividend will be paid to shareholders listed in the Register of Members as of the close of business on Friday, April 25, 2025.

Unilever Nigeria Plc reported an increase in full-year revenue in its audited financial report for 2024, posting N149.5 billion compared to N103.8 billion for the entirety of 2023.

Domestic sales dominated this revenue, amounting to N145.6 billion, a significant rise from the previous year’s N102 billion, while exports contributed N3.8 billion.

In terms of major product lines, nutrition products generated N92.6 billion, accounting for 62 per cent of total sales.

Personal care followed with N43.9 billion, representing 29 per cent, while beauty and wellbeing products contributed N12.9 billion, or 9 per cent of total sales.

However, the cost of sales saw a notable increase of 36.05 per cent, rising from N69.3 billion the previous year to N94.3 billion.