UAC of Nigeria Reports 262.5% Profit Surge in 2026

UAC of Nigeria Plc (NGX: UACN) announced a pre-tax profit of N37.69 billion for the nine months ending September 2026, marking a 262.5% increase from N10.40 billion in the same period of 2025. The third quarter saw a pre-tax profit of N3.25 billion, a turnaround from a loss of N703 million in Q3 2025.

Revenue surged by 227.7% to N523.00 billion, primarily due to the consolidation of C.H.I. Limited, acquired in October 2025.

Group Managing Director Fola Aiyesimoju credited the growth to the Packaged Food and Beverages and Paints businesses, alongside improved cash generation from working capital release. Operating profit increased by 343.7% to N59.54 billion, with an operating margin improvement to 11.4%.

UAC's total assets decreased by 13.4% to N516.89 billion, reflecting reductions in inventories and receivables. The company is in the process of divesting its stakes in DP World Logistics Limited and Livestock Feeds Plc (NGX: LIVESTOCK), pending regulatory approval.

UAC's share price remained stable at N181.00 as of October 30, 2026.