Follow Us on Google
From Henry Uche
Unilever Nigeria Plc has reported a 65% increase in net profit for the first quarter of 2025, according to its unaudited financial statement for the three months ended March 31, 2025. The company achieved a turnover of N46.9 billion, a 45% rise from N32.3 billion in the same period in 2024.
Gross profit reached ₦18.8 billion, up 40% from ₦13.5 billion in 2024, while net profit grew to ₦5.6 billion from ₦3.4 billion. A company statement confirmed these results.
Managing Director Tobi Adeniyi expressed satisfaction with the performance. “We are pleased to have commenced the year with strong momentum across all critical dimensions of the business,” he said. “Our strategy remains anchored on three pillars: driving focus on our core portfolio and geographies, excelling with our unmissably superior brands, and accelerating productivity on our bottom line.”
Other News
Adeniyi noted the company’s commitment to consumers, stating, “With Q1 performance reflecting robust growth, we are optimistic that with a consistent level of discipline across the business and putting our consumers first in all we do, we expect to see consistent and sustained performance through the year and continue to brighten everyday life for Nigerians.”
He also reaffirmed Unilever’s long-term investment in Nigeria. “Unilever is here to stay and to serve citizens through its locally produced brands and operations,” said Adeniyi, noting the company’s over 100-year history as Nigeria’s longest-serving manufacturer.
