Unilever Nigeria Profit Doubles Amid Strong Revenue Growth

Unilever Nigeria Plc has reported substantially improved financial performance for the nine-month period concluding September 30, 2025. The company announced a significant increase in its key metrics for the first three quarters of the year.

Key Financial Highlights

The consumer goods company achieved robust growth across its core financial indicators:

• Turnover: Revenue reached N155 billion, marking a 50 percent increase compared to the N104 billion recorded during the same period in 2024.
• Gross Profit: Gross profit climbed by 49 percent, rising to N64 billion.
• Net Profit: Net profit after tax doubled, surging to N22 billion from N11 billion in the corresponding 2024 period.

Management Strategy Drives Success

The Managing Director, Tobi Adeniyi, attributed the strong financial performance to several focused strategies. The company prioritized investment in its leading “power brands.” Furthermore, Adeniyi highlighted strategic optimization of the product mix and disciplined cost management practices.

“Our Q3 performance reflects the strength of our focus on our power brands, strategic product mix optimisation, and disciplined cost management,” Adeniyi stated.

He confirmed the company’s commitment to sustaining this positive momentum. This will be achieved by maintaining brand investment, ensuring resilience within the supply chain, and delivering volume-led growth across the company’s portfolio.

Commitment to Local Manufacturing

Adeniyi also emphasized Unilever Nigeria’s dedication to local partnerships and manufacturing operations. He noted the company’s long history in the country, spanning over a century.

“As a cornerstone of Nigerian manufacturing for over 100 years, we continue to invest locally in expanding our operations,” he stated. This investment is coupled with an effort to “build equitable partnerships across our value chain, and nurture deep trust with our Nigerian consumers.”

The reported results clearly underscore the company’s success. It managed to achieve significant revenue and profit growth while simultaneously maintaining strategic investment in both its brands and operational capacity.

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