Unilever Nigeria Posts Strong Q3 2025 Results with 72.7% Jump in Pre-Tax Profit
Unilever Nigeria Plc has posted an impressive performance for the third quarter (Q3) of 2025, reporting a pre-tax profit of ₦13.26 billion, representing a 72.7% year-on-year (YoY) increase. Read more...
This performance brings the company’s nine-month pre-tax profit to ₦37.41 billion, a remarkable 167.97% rise from the ₦13.96 billion recorded in the same period of 2024.
The consumer goods giant also saw strong revenue growth, with Q3 2025 revenue climbing 43.5% YoY to ₦57.31 billion. For the first nine months of the year, revenue reached ₦155.41 billion, up 49.65% compared to last year.
Net profit grew by 15.3% YoY, while earnings per share (EPS) rose to ₦1.32, up 15.79% from Q3 2024. For the nine-month period, EPS stood at ₦3.83, representing an impressive 99.48% YoY increase.
Key Financial Highlights (Q3 2025 vs. Q3 2024)
-
Revenue: ₦57.31 billion (+43.5%)
-
Cost of Sales: ₦35.46 billion (+52.4%)
-
Gross Profit: ₦21.85 billion (+31.1%)
-
Operating Profit: ₦11.65 billion (+74.5%)
-
Profit After Tax: ₦7.58 billion (+15.3%)
-
Earnings Per Share (EPS): ₦1.32 (+15.7%)
-
Total Assets: ₦172.02 billion (+21.5%)
-
Cash and Cash Equivalents: ₦97.19 billion (+42.1%)
-
Shareholders’ Funds: ₦97.03 billion (+14.0%)
Growth Drivers
Unilever’s performance was mainly fueled by strong growth in its Foods and Personal Care segments.
-
Foods (including savory products): Revenue rose 49.5% to ₦36.2 billion.
-
Personal Care (oral care & deodorants): Revenue increased 14.9% to ₦14.33 billion.
However, rising costs remain a concern. The cost of sales grew faster than revenue, up 52.4% YoY, which slightly squeezed gross margins to 38%, down by 8%.
Despite this, efficient cost control helped boost operating performance. Operating expenses rose just 2.2% YoY, driving a robust operating profit margin of 20.3%.
Reduced finance costs and increased finance income further strengthened the company’s bottom line.
Balance Sheet Highlights
Unilever Nigeria’s balance sheet shows solid improvement across key areas:
-
Total Assets: ₦172 billion (+21.5%)
-
Cash & Cash Equivalents: ₦97.19 billion (+42.1%) — signaling stronger liquidity.
-
Trade Receivables: Up 76.5%, reflecting higher sales but also slower collections.
-
Inventories: Down 8.1%, suggesting better stock management.
-
Property, Plant & Equipment: Down 4.7%, likely due to depreciation and asset disposals.
-
Total Liabilities: Up 32.7%, mainly from higher short-term obligations.
-
Equity: Up 14.0%, driven by retained earnings and a strong financial position.
While the rise in receivables and liabilities calls for attention, the company’s liquidity and asset base remain healthy.
Bottom Line
Unilever Nigeria Plc’s Q3 2025 results underscore its resilience and strategic focus amid Nigeria’s challenging economic environment. The company continues to deliver strong growth across its product lines while maintaining operational efficiency.
Unilever Nigeria remains one of the most valuable companies on the Nigerian Exchange (NGX), ranked 30th, with a market capitalization of ₦442 billion.
Its stock has also performed remarkably well in 2025 — rising from ₦32.95 at the start of the year to ₦77 as of October 29, 2025, representing a 134% year-to-date gain.