Unilever Nigeria has delivered a dramatic profit rebound in the first half of 2025, as its net income soared by 225% to ₦14.4 billion.
The impressive turnaround was driven by a surge in revenue, improved cost efficiency, and a sharp rise in finance income, signalling renewed momentum for the consumer goods firm after years of muted performance.
Rising revenue, tighter cost control, and a doubling of net finance income to ₦5.34 billion powered this impressive turnaround.
According to its unaudited financial results, Unilever Nigeria accelerated its revenue by 54%, climbing from ₦63.9 billion in H1 2024 to ₦98.1 billion in the reporting period.
Furthermore, the company boosted its operating profit to ₦18.8 billion—up from ₦3.5 billion—marking a 444% surge.
It also quadrupled its pre-tax profit to ₦24.1 billion and expanded gross profit from ₦26.2 billion to ₦42.1 billion.
Second Quarter Surge
In the second quarter alone, Unilever Nigeria achieved a net profit of ₦8.85 billion, representing a staggering 785% leap from ₦1 billion in Q2 2024.
Moreover, it lifted its quarterly revenue to ₦51.12 billion from ₦39.39 billion, largely through strong contributions from its food and personal care segments.
Focused Strategic Execution
Commenting on the results, Managing Director Tobi Adeniyi stated, “Our second-quarter and half-year performance demonstrate the strength of our foundations and the disciplined execution of our Growth Action Plan framework.
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We continue to invest in our brands to ensure they remain unmissably superior, while sharpening our route-to-market capabilities and accelerating cost optimisation.
In addition, we’re expanding our production capacity to stay ahead of consumers’ evolving needs.”
Dividend Return To Shareholders
To reward shareholders and strengthen investor confidence, the company declared an interim dividend of ₦0.50 per 50 kobo ordinary share—the first such announcement in over two decades.
Unilever Nigeria will pay the ₦2.87 billion dividend to shareholders whose names appear in the Register of Members as of close of business on August 8, 2025, after applying relevant withholding tax.
Unilever Nigeria further reinforced its growth narrative by stating, “These results extend our upward trajectory over the past few quarters.
Our focus on operational excellence, brand strength, and market agility continues to drive our success.”
Meanwhile, investors have responded enthusiastically.
So far in 2025, the company’s shares have surged 107%, currently trading at ₦72.50 per unit.
This marks a solid gain from its previous closing price of ₦62.00, reflecting growing market confidence in Unilever Nigeria’s strategic direction and internal governance.
