Unilever doubles full year profit as revenue rises 44%

Consumer goods giant Unilever Nigeria Plc has doubled its full year profit, helped by easing inflation and firming naira that lifted its turnover to new highs.

Net profit at the Lagos-based consumer goods firm doubled to N31 billion, up from N15 billion in the same period in 2024, according to its released interim unaudited financial results.

Its revenue grew to N215 billion, representing a 44 percent increase from N150 billion recorded in the corresponding period of 2024. Gross profit rose 32 percent to N90 billion in the same period.

Tobi Adeniyi, the company’s managing director attributed the significant growth in earnings to the firm’s continued momentum from its route‑to‑market expansion, well optimised operational structure, and the robust demand across its products line.

“With a proud heritage of more than 100 years of manufacturing in Nigeria, every product and every experience reflects our legacy of innovation and our unwavering commitment to quality. Through our trusted brands, we continue to Brighten Everyday Life for All,” Adeniyi said.

Wasiu Alli is a business and economics journalist with more than two years experience covering macro trends, government policies, corporate earnings and comparative economics analysis. Alli turns raw data into trends that not only tells compelling stories but nudges investors to make valued and informed decisions. An alumnus of Lagos State University and trained at Lagos Business School, he heads the Companies and Markets desk at BusinessDay where he writes and supervises the production of well researched articles on earnings updates, corporate sectoral comparisons, market intelligence as well as interviews with C-suite executives.

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