Unilever Nigeria Reports N184bn Revenue Growth in Q3

Unilever Nigeria Plc released its unaudited financial statement for the nine-month period ending 30 September 2026, reporting a revenue of N184.0 billion, which reflects an 18% growth compared to N155.4 billion in the same period of 2025. The company’s gross profit increased by 34% to N85.5 billion from N63.9 billion, with the gross margin improving to 46.4% from 41.2%.

Operating profit rose by 27% to N38.5 billion, while net profit increased by 20% to N26.4 billion, up from N21.9 billion in the prior year. The Board approved an interim dividend of N2.00k per ordinary share, amounting to N11.5 billion, payable to shareholders as of 30 October 2026.

Tobi Adeniyi, the Managing Director, stated that the results demonstrate the strength and resilience of the business despite consumer demand pressures. He emphasized the company's commitment to investing in brands and operations to create enduring value.