Nestle Nigeria Plc has reported an after-tax profit of N50.5 billion for the first half of 2025, representing a turnaround from a deficit of N176.9 billion recorded in the same period in 2024.
Revealed in the company’s financial statement for the period ended June 30, 2025, it recorded a 43% surge in revenue compared to H1 2024, amounting to N581.1 billion in H1 2025. Across other key success metrics, the company reported substantial growth in its operating and financial performance for the first half of 2025.
Operating profit increased by 106% from N63.1 billion in H1 2024 to N130.4 billion in H1 2025. Profit before tax reached N88.4 billion compared to the loss of N252.5 billion recorded in the same period last year.
Finance income reduced to N1.1 billion from N2.5 billion, while finance costs decreased drastically to N43.2 billion from N318.1 billion in the prior year. Gross profit grew by 77% to N225 billion from 127.3 billion.
Commenting on the company’s performance, Wassim Elhusseini, Chief Executive Officer/Managing Director of Nestle Nigeria Plc, said: “The robust topline growth of 43% and profit after tax of N50.6 billion in H1 2025 support our return to profitability, which commenced in Q4 2024. This performance reflects our unwavering commitment to operational excellence, the support of our stakeholders and the dedication of our team to drive sustainable growth in the face of evolving challenges.
“We will continue to focus on improving our margin management while driving innovation and renovation to meet changing consumer needs. We will also maintain our investment in community programs that create sustainable value for our stakeholders.”
For two consecutive years, Nestle Nigeria Plc has consistently recorded loss without making a profit. For the 2023 financial result, the company posted a loss of N79.5 billion, for the 2024 financial year, it announced a loss of N164.6 billion. The profit recorded in H1 2025 marks the company’s significant profit in over two years.
