Unilever Nigeria Plc recently announced its financial results for the first quarter ending March 31, 2025.
This report highlighted a remarkable surge in profitability and revenue, showcasing the company’s strong performance in a competitive market.
The company reported a pre-tax profit of N10.7 billion, marking a substantial 146.67% increase from N4.3 billion. This impressive growth primarily resulted from a significant rise in sales across various product categories.
Moreover, the total revenue for Q1 2025 reached N46.9 billion, representing a 45.37% increase compared to N32.3 billion in Q1 2024. Notably, Food Products contributed N27.5 billion, Personal Care accounted for N15.1 billion, and Beauty & Wellbeing added N4.3 billion.
Despite facing an increase in the cost of sales, which rose to N28.1 billion from N18.8 billion, Unilever Nigeria achieved a gross profit of N18.8 billion. This figure reflects an increase from N13.5 billion in Q1 2024, demonstrating effective cost management.
However, the company encountered higher marketing and administrative expenses, climbing to N9 billion, a 9.67% increase from N8.2 billion. Nevertheless, operating profit saw a significant improvement, reaching N8.2 billion—an impressive 115.18% increase from N3.8 billion in Q1 2024.
Additionally, finance income experienced growth, rising by 32.80% to N2.6 billion. This increase was primarily driven by interest accrued from call deposits and bank accounts, showcasing effective financial management.
As of March 28, 2025, Unilever Nigeria’s shares were valued at N43.00 on the Nigerian Stock Market. This performance reflects a year-to-date increase of 30.50%, underscoring the company’s strong market position.
Overall, these financial results illustrate Unilever Nigeria’s resilience and adaptability in navigating operational challenges while enhancing profitability.
