Unilever Nigeria’s Q3 profit doubles to USD 14.3 M
Company attributes growth to brand focus and cost management
NIGERIA – Unilever Nigeria Plc has reported a sharp rise in earnings for the nine months ending September 30, 2025, with profit after tax climbing to about USD 14.3 million (N22 billion), double the USD 7.1 million (N11 billion) recorded in the same period last year.
The company’s turnover for the period reached approximately USD 100.7 million (N155 billion), representing a 50 percent increase from the US$67.5 million (N104 billion) posted in 2024.
Gross profit also grew by 49 percent to roughly USD 41.6 million (N64 billion), reflecting stronger sales across its key product categories.
Managing Director Tobi Adeniyi said the improvement stemmed from deliberate efforts to strengthen Unilever’s “power brands,” optimize its product mix, and control operational costs.
He noted that the company’s strategy was focused on maintaining brand visibility while managing inflationary pressures that continue to affect the fast-moving consumer goods sector in Nigeria.
Strategic Growth Amid Local Commitment
Adeniyi added that Unilever Nigeria plans to maintain its current pace of investment in marketing and distribution, saying the company remains focused on volume-led growth.
He explained that supply chain resilience and product affordability would remain central to sustaining the company’s financial stability in the coming quarters.
According to him, the business is continuing to prioritize local production and partnerships with Nigerian suppliers to strengthen its manufacturing base and support employment.
“As a company that has operated in Nigeria for more than a century, we are deepening our local operations and building partnerships that deliver mutual value,” Adeniyi said.
The company’s results indicate a strong recovery trend in Nigeria’s consumer goods industry, which has been adapting to economic challenges such as currency fluctuations and high input costs.
Broader Market Context
Unilever’s performance aligns with similar earnings growth seen among major listed firms in the country during the third quarter of 2025.
Other companies, including Dangote Sugar Refinery, also posted stronger quarterly profits, suggesting renewed investor confidence in key sectors.
Despite the gains, analysts say companies in Nigeria’s manufacturing space are still navigating a volatile economic environment characterized by high energy costs and fluctuating exchange rates.
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