Unilever Nigeria delivers 54% revenue growth, declares first

By Sunday Ani

Unilever Nigeria Plc has announced its unaudited interim report for the six-month period ended June 30, showcasing its performance across key financial metrics and reaffirming its commitment to sustainable growth.

This was contained in a statement by the Managing Director, Tobi Adeniyi.

According to Adeniyi, the company recorded a turnover of ₦98.1 billion during the period under review, representing a 54 percent increase from ₦63.9 billion in the corresponding period of 2024.

He stated that the operating profit also surged to ₦18.8 billion, up from ₦3.5 billion in the same period last year, reflecting a 444 percent increase. This, he said, led to a net profit of ₦14.4 billion for the period ended June 30, compared to ₦4.4 billion in the same period of 2024, marking a 225 percent improvement, supported by enhanced cost productivity and relative stability in macroeconomic conditions.

He also said the company’s board had announced an interim dividend of N0.50k per 50 kobo ordinary share, subject to applicable withholding tax and would be paid to shareholders whose names appear on the Register of Members as at close of business on August 8, 2025. “The total interim dividend payable amounts to N2.87 billion. This is the first time in over two decades that the company has declared an interim dividend, underscoring its strong financial position and renewed growth momentum,” he said.

Speaking on the results, Adeniyi said: “Our second quarter and cumulative half-year performance reflect the strength of our foundations and the disciplined execution of our growth action plan framework. By staying focused on our core categories and power brands, we are delivering consistent value to our consumers and stakeholders.

This performance is a testament to the resilience of our workforce, the strength of our partnerships and our unwavering belief in the potential of Nigeria.

“We are committed to ensuring our brands remain superior through continued investment, accelerating our route-to-market capabilities and driving capacity expansion to ensure we are well positioned to meet the evolving needs of our consumers.

“As one of Nigeria’s longest-serving manufacturing companies, we remain deeply committed to enriching lives and contributing meaningfully to Nigeria’s growth story. We are here for the long term, building a future where our brands continue to brighten everyday life for all Nigerians.”