Unilever Nigeria Reports N26.4bn Profit, Declares N11.5bn Dividend

Unilever Nigeria Plc announced a net profit of N26.4 billion for the nine months ending September 30, 2026, alongside an interim dividend of N11.5 billion. The company's revenue reached N184.0 billion, marking an 18 percent increase from N155.4 billion in the same period of 2025.

Gross profit rose by 34 percent to N85.5 billion from N63.9 billion, with gross margin improving to 46.4 percent from 41.2 percent. Operating profit increased by 27 percent to N38.5 billion, while net profit grew by 20 percent compared to N21.9 billion in 2025.

The Board approved an interim dividend of N2.00 per ordinary share, payable to shareholders on the Register of Members as of October 30, 2026. Tobi Adeniyi, managing director, stated that the performance reflects the business's resilience despite consumer demand pressures.

He emphasized the company's commitment to delivering value and investing in its brands and operations for long-term growth.