Unilever Nigeria's Profit Doubles to N21.9bn Amid Rising Demand
Unilever Nigeria PLC reported a significant increase in net profit to N21.9 billion for the nine-month period in 2025, marking a 100% rise from the previous year. The company's revenue also saw a substantial growth of 50.8% year-on-year, reaching N155.4 billion, driven by strong demand in its food, personal care, and beauty segments.
Despite a 50% increase in the cost of sales, Unilever's gross margin improved to 41.2%, supported by higher product prices. The company's operational profit soared to N30.46 billion, with a boost from improved working capital management and higher profit margins.
Unilever's total assets increased by 21%, reaching N172.0 billion, reflecting a strong operational cash inflow.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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