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Unilever Nigeria Plc has released its interim unaudited financial report for the nine months period, which ended on September 30, with a turnover of N155 billion in the period under review; 50 percent increase from the N104 billion turnovers recorded in the same period of 2024.
The report noted that the gross profit rose by 49 percent to N64 billion, while the net profit doubled to N22 billion, up from N11 billion in the corresponding period in 2024.
Speaking on the results, the Managing Director, Tobi Adeniyi, said: “Our third quarter performance reflects the strength of our focus on our power brands, strategic product mix optimization and disciplined cost management. We are committed to sustaining brand investment, ensuring supply chain resilience and delivering volume-led growth with our robust portfolio.”
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He further highlighted Unilever Nigeria’s long-standing commitment, saying, “As a cornerstone of Nigerian manufacturing for over 100 years, we continue to invest locally in expanding our operations, build equitable partnerships across our value chain and nurturing deep trust with our Nigerian consumers. Our purpose continues to be built on brightening everyday life for Nigerians.”
The results highlight the company’s ability to drive strong financial performance through a combination of strategic brand focus, operational efficiency, and continued local investment, reinforcing its position as a leader in Nigeria’s consumer goods sector.
