Unilever Nigeria profit doubles as revenue hits ₦214.3bn

Unilever Nigeria has announced a strong financial performance for the 2025 financial year, driven by what its leadership described as improved operational resilience, strategic investment, and consistent execution across its business segments.

Speaking at the company’s Annual General Meeting (AGM) held at the Muson Centre in Lagos on May 8, 2026, the Chairman, Bolaji Balogun, said the company’s growth trajectory reflects the strength of its long-term strategy and disciplined operations despite economic challenges.

According to him, shareholders will receive a total dividend of ₦3.75k per share for the 2025 financial year, made up of a final dividend of ₦3.25k per share and an earlier interim dividend of ₦50k per share.

He said the payout underscores the company’s commitment to rewarding investors while sustaining reinvestment in future growth.

Financial results presented at the meeting showed that Unilever Nigeria recorded a turnover of ₦214.30 billion, a significant rise from ₦149.52 billion in 2024.

Profit for the year also more than doubled, reaching ₦32.20 billion compared to ₦15.14 billion in the previous year.

Managing Director, Tobi Adeniyi, attributed the performance to a focused strategy built around high-growth categories, stronger brand positioning, and a simplified operational structure that enhances efficiency and innovation.

He explained that the company’s “power brands” strategy, supported by a robust innovation pipeline, played a key role in driving market differentiation and sustaining consumer demand.

Also speaking, Finance Director Ibrahim Sodipe noted that Unilever Nigeria’s performance over the past five years has remained consistent, supported by operational efficiency and innovation-led growth that continues to strengthen shareholder value.

Shareholders at the AGM commended the management team for disciplined execution and improved financial outcomes, describing the performance as a positive reflection of sound corporate governance and strategic clarity.

One shareholder, Kolawole Durojaiye, praised the leadership for sustaining revenue growth and increasing dividend returns despite a challenging business environment.

With its latest results, Unilever Nigeria reaffirmed its position as one of the country’s leading consumer goods companies, signalling continued focus on expansion, innovation, and long-term value creation for shareholders.