Unilever Nigeria Plc has reported a 62% increase in revenue to ₦51.13 billion in the first half (H1) of 2025, according to the company’s unaudited financial statement obtained by Investors King.
The performance represents an improvement from ₦31.59 billion recorded in the corresponding period of 2024.
Gross profit rose 83% year-on-year to ₦23.26 billion from ₦12.72 billion, driven by higher sales volume and improved cost management.
Operating Results
Operating profit stood at ₦10.54 billion in H1 2025, a sharp turnaround from a loss of ₦386.36 million posted in H1 2024. The recovery was supported by a ₦402.54 million impairment write-back on trade and other receivables, compared with a ₦3.17 billion loss in the prior year.
Selling and distribution expenses remained flat at ₦1.29 billion, while marketing and administrative costs increased by 36.7% to ₦11.91 billion from ₦8.71 billion.
Finance Income and Profitability
Finance income increased to ₦3.17 billion from ₦2.10 billion in H1 2024, while finance costs stood at ₦311.43 million compared with a finance gain of ₦207.42 million in the previous year.
Net finance income closed at ₦2.86 billion, up from ₦2.31 billion in the corresponding period of 2024.
Profit before tax rose by 596% to ₦13.40 billion, compared to ₦1.92 billion in H1 2024. After accounting for a ₦4.55 billion tax expense, profit after tax closed at ₦8.85 billion, representing a 719% increase from ₦1.08 billion reported in the same period last year.
Shareholder Returns
Earnings per share rose significantly to ₦1.54 in H1 2025, up from ₦0.19 in H1 2024, indicating a 711% year-on-year increase.
Key Highlights (H1 2025 vs H1 2024)
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Revenue: ₦51.13 billion vs ₦31.59 billion (+62%)
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Gross Profit: ₦23.26 billion vs ₦12.72 billion (+83%)
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Operating Profit: ₦10.54 billion vs -₦0.39 billion (turnaround)
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Profit Before Tax: ₦13.40 billion vs ₦1.92 billion (+596%)
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Profit After Tax: ₦8.85 billion vs ₦1.08 billion (+719%)
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Earnings Per Share: ₦1.54 vs ₦0.19 (+711%)
Outlook
The strong H1 2025 performance demonstrates improved operational efficiency and strengthened market share in Nigeria’s consumer goods sector. With a continued focus on cost control and innovation, Unilever Nigeria Plc is positioned to sustain its growth momentum in the second half of 2025 despite inflationary pressures and a challenging operating environment.
