Unilever’s profit jumps over three times to N14.4bn in H12025

…Declares First Dividend in Over a Decade

Unilever Nigeria Plc has reported a 225 percent jump in net income for the six months to June 2025, driven by rising revenue and a net finance income that more than doubled to N5.34 billion during the review period.

Unaudited financial results show the consumer goods company posted a net profit of N14.4 billion in H1 2025, up from N4.4 billion in the same period last year. This was supported by stronger cost efficiency and relative stability in macroeconomic conditions.

Revenue advanced by 54 percent to N98.1 billion, compared with N63.9 billion in H1 2024. Operating profit climbed to N18.8 billion from N3.5 billion, reflecting a 444 percent increase. Pre-tax profit quadrupled to N24.1 billion, with gross profit rising to N42.1 billion from N26.2 billion last year.

Second-quarter performance was especially robust, with net profit soaring by 785 percent to N8.85 billion from N1 billion in Q2 2024. Revenue for the quarter rose to N51.12 billion, up from N39.39 billion, with much of the growth coming from the food and personal care segments.

“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 remain committed to keeping our brands distinctively superior through continued investment, advancing our route-to-market capacity, and pursuing innovative cost-optimisation measures across operations. Capacity expansion remains a priority to ensure we are equipped to meet the evolving needs of consumers.”

As part of measures to bolster shareholder confidence, the board has approved an interim dividend of N0.50 per 50 kobo ordinary share, the first payout in over a decade.

Payment, amounting to N2.87 billion in total, will be subject to applicable withholding tax and made to shareholders listed on the Register of Members at close of business on 8 August 2025.

“These results represent the continuation of Unilever Nigeria’s upward trajectory, supported by a clear focus on operational excellence, brand leadership, and market responsiveness,” the company said.

Shares of Unilever Nigeria Plc have gained 107 percent year-to-date, currently trading at N72.50 per unit, up 10 percent from the previous closing price of N62.50. The performance reflects renewed investor confidence and sustained optimism about the company’s governance and financial strength.