Unilever Nigeria reports 43% revenue growth to USD 141M in 2025 as profit doubles
Unilever Nigeria posts strong 2025 results, driven by power brands and improved operational efficiency across its consumer goods portfolio.
NIGERIA – Unilever Nigeria Plc has reported a 43% increase in revenue to N214 billion (USD 141 million) for the year ended December 31, 2025, up from N150 billion (USD 99 million) recorded in 2024.
According to its audited financial results, gross profit rose by 62% to N89.5 billion (USD 59 million) from N55.1 billion (USD 36.4 million) in the previous year. Cost of sales increased to N124.8 billion (USD 82.3 million) from N94.4 billion (USD 62.3 million) in 2024.
Profit before tax stood at N51.7 billion (USD 34.1 million), more than double the N22.7 billion (USD 15 million) recorded in the corresponding period. Net profit also doubled to N32.2 billion (USD 21.2 million), up from N15.1 billion (USD 10 million) in 2024.
Earnings per share rose to N5.60 (USD 0.0037) from N2.64 (USD 0.0017) a year earlier.
Managing Director Tobi Adeniyi attributed the strong performance to the company’s strategic focus on key brands and operational efficiency. “Our disciplined approach reinforces Unilever’s collective intent to build a simpler, sharper organisation with a future ready portfolio and brands that drive desirability at scale,” he said.
Adeniyi noted that the company’s performance was driven by its core brands, including Knorr, Vaseline, Close Up, Pepsodent and Rexona, which continue to support growth across key categories.
He also highlighted improvements in operational execution and organisational structure. “We have revamped our operations by embedding clarity, accountability and speed into the heart of our operations. We are now better positioned to innovate and serve the millions of Nigerian households who use our products daily,” he said.
“We have strengthened our ‘play to win’ culture, where excellence in innovation and execution is non-negotiable. We are committed to a culture of discipline that relentlessly improves our cost structures and elevates the overall consumer experience,” Adeniyi added.
Domestic sales accounted for 98.8% of total revenue, while exports contributed the remainder. The Foods segment generated N127.8 billion (USD 84.3 million), underscoring the company’s strong local demand base.
Adeniyi added that Unilever’s long-standing presence in Nigeria continues to support its growth strategy. “With over 100 years of manufacturing heritage in Nigeria, every Unilever product carries a legacy of innovation and trust,” he said.
The board declared a final dividend of N3.25 (USD 0.0021) per 50 kobo ordinary share, amounting to a total payout of N18.6 billion (USD 12.3 million).
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