Nestle's Profit Soars to N72.5 Billion in Nine Months Amid Revenue Boost
Nestle, a multinational company operating in Nigeria, has recorded a remarkable financial performance with a N72.5 billion profit in the first nine months of 2025, marking a sharp recovery from a N184.3 billion net loss in the same period in 2024. The company's revenue climbed to N884.5 billion, showing a 33% year-on-year increase.
This positive trend was attributed to higher product prices, which helped boost revenue growth. Nestle also benefited from a significant foreign exchange gain, marking a full reversal from a previous loss.
The company's pre-tax profit surged by 150%, reaching N128 billion. These results indicate a strong financial comeback for Nestle in the Nigerian market.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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