Plus234Feed

Nestlé Nigeria Reports N1.2 Trillion Revenue in 2025

Nestlé Nigeria Reports N1.2 Trillion Revenue in 2025

Nestlé Nigeria announced its full-year financial results for 2025, reporting a revenue of N1.2 trillion, an increase from N958.8 billion in 2024. The company achieved a net profit of N105 billion, a turnaround from a loss of N164.6 billion in the previous year.

Positive equity was recorded at N12.9 billion, reversing a negative equity of N92.3 billion. The financial results were disclosed in an audited report filed with the Nigerian Exchange on Wednesday.

Export sales grew by 56% to N10.2 billion, up from N6.6 billion in 2024. Operating profit increased by 34.3% to N225.4 billion, while profit before tax rose to N166.8 billion, reversing a loss of N221.5 billion in 2024.

Chief Executive Officer and Managing Director, Mr. Wassim Elhusseini, stated that the results reflect a strong foundation for returning to profitability, emphasizing operational efficiency and market stability.

The company aims to eliminate negative retained earnings and resume dividend payments in the near future.

Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.

Read full article

Continue on Punch Newspapers

Visit
Share