Unilever Nigeria Plc has reported a post-tax profit of N14.4 billion for the first half of 2025, a 224% increase from the N4.4 billion recorded in the same period last year.
According to the company’s unaudited financial statement filed with the Nigerian Exchange, key financial indicators showed strong improvement. Revenue grew by 54% year-on-year to N98.1 billion, up from N63.9 billion in H1 2024.
Gross profit increased by 61% to N42.1 billion from N26.2 billion, while operating profit surged by 444% to N18.8 billion, compared to N3.5 billion last year. Finance income increased to N5.8 billion, from N4.1 billion, while and finance cost dropped substantially to N483.5 million from N1.3 billion.
Basic and diluted earnings per share rose from N0.77 to N2.51. The company’s total assets climbed to N160.5 billion, from N141.7 billion, while total liabilities increased to N68.2 billion from N56.5 billion.
Quarter-on-quarter, beauty and wellbeing products recorded the highest growth as the revenue more than doubled in Q2 2025 to N5.5 billion, from N2.1 billion in Q2 2024.
The foods segment followed with a 65% rise in revenue, growing from N18.9 billion to N31.2 billion. Personal care revenue also grew to N14.5 billion in Q2 2025, up from N10.5 billion.
For the half-year period, foods contributed N58.7 billion to total revenue, while the personal care, beauty and well-being segments accounted for N29.6 billion and N9.8 billion, respectively.
