Unilever Nigeria Plc has posted a profit after tax of N5.6 billion for the first quarter ended March 31, 2025, showing a 65 per cent increase from N3.4 billion recorded in the same period of 2024, as the company continues to deliver strong results amid Nigeria’s challenging economic terrain.
According to its unaudited financial results submitted to the Nigerian Exchange Limited, the multinational consumer goods firm also recorded a 45 per cent jump in turnover to N46.9 billion in Q1 2025, up from N32.3 billion in Q1 2024. Gross profit rose by 40 per cent, moving from N13.5 billion to N18.8 billion over the same period.
Managing Director of Unilever Nigeria, Tobi Adeniyi, attributed the company’s solid start to the year to its focus on operational discipline and strategic priorities across product and market segments.
“We are pleased to have commenced the year with strong momentum across all critical dimensions of the business. This performance reflects the dedication, agility, and pioneering mindset of our teams,” Adeniyi said.
He added that Unilever’s strategy remains rooted in three pillars: focusing on core products and key markets, delivering standout brand experiences, and driving productivity gains at the bottom line.
“With Q1 performance reflecting robust growth, we are optimistic that with consistent discipline across the business and a strong focus on our consumers, we can sustain and build on this performance throughout the year,” Adeniyi said.
Unilever Nigeria has continued to solidify its position in the local market through strategic investments, brand development, and operational efficiency, despite rising inflation and foreign exchange instability in the country.
Adeniyi reaffirmed Unilever’s long-term commitment to Nigeria, describing the company’s journey as one of sustained investment and local impact.
“As the longest-serving manufacturing company in Nigeria, with over a century of operations, Unilever is here to stay. We are committed to supporting local manufacturing and providing quality brands that brighten everyday life for Nigerians,” he said.
The latest quarterly performance builds on the company’s strong 2024 financial results, where it posted a net profit of N15.1 billion, representing a 79 per cent increase from N8.4 billion in 2023.
