Unilever Nigeria Plc has posted impressive financial results for the third quarter (Q3) of 2025, achieving strong double-digit growth across key performance metrics. The company’s unaudited interim financial statement for the nine-month period ending September 30, 2025, showed that revenue rose by 50% year-on-year, while profit after tax doubled compared to the same period in 2024.
Strong Revenue and Profit Growth
The consumer goods giant reported a turnover of ₦155 billion, a sharp increase from ₦104 billion recorded in Q3 2024. This growth was attributed to a stronger product portfolio, effective pricing strategies, and increased consumer demand across key categories.
Unilever’s gross profit also climbed 49% to ₦64 billion, reflecting effective cost discipline and operational efficiency. The company’s net profit surged to ₦22 billion, up from ₦11 billion in the corresponding period last year — effectively doubling its bottom line within a year.
Management Commentary
Commenting on the results, Tobi Adeniyi, Managing Director of Unilever Nigeria, said the company’s strong Q3 performance highlights its strategic focus on profitability and brand growth.
“Our Q3 performance reflects the strength of our focus on our power brands, strategic product mix optimization, and disciplined cost management,” Adeniyi stated. “We remain committed to sustaining brand investments, ensuring supply chain resilience, and driving volume-led growth with our robust portfolio.”
He further emphasized Unilever Nigeria’s long-standing contribution to the country’s industrial landscape:
“As a cornerstone of Nigerian manufacturing for over 100 years, we continue to invest locally, expand operations, and build equitable partnerships across our value chain. Our goal remains to brighten everyday life for Nigerians while creating long-term value for our stakeholders.”
Key Performance Highlights
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Revenue: ₦155 billion, up 50% year-on-year
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Gross Profit: ₦64 billion, up 49%
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Net Profit: ₦22 billion, up 100%
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Period Covered: Nine months ended September 30, 2025
Sustained Growth Amid Economic Pressures
Unilever Nigeria’s strong financial showing comes despite a challenging business environment marked by inflation, currency volatility, and rising input costs. The company credited its performance to strategic cost management, localized sourcing, and innovation within its key product categories — including home care, personal care, and food brands.
The results reaffirm Unilever Nigeria’s resilience and adaptability within Nigeria’s fast-moving consumer goods (FMCG) sector. With a diversified brand portfolio and ongoing investments in sustainability and innovation, the company appears well-positioned for continued growth in the final quarter of 2025 and beyond.
