Unilever Nigeria Plc announced a significant surge in its first-quarter 2025 financial performance, with profit before tax (PBT) skyrocketing by 146.67% to N10.7 billion, up from N4.3 billion in the same period in 2024.
According to the company’s Q1 2025 financial report released today, total revenue climbed 45.37% year-over-year to N46.9 billion, driven by strong sales across key segments: food products contributed N27.5 billion, personal care N15.1 billion, and beauty & wellbeing N4.3 billion.
Despite a rise in production costs, which jumped to N28.1 billion from N18.8 billion in Q1 2024, gross profit grew to N18.8 billion, up from N13.5 billion the previous year.
Operating expenses also increased, with marketing and administrative costs rising 9.67% to N9 billion. However, operating profit more than doubled to N8.2 billion, a 115.18% year-on-year improvement.
The company benefited from higher finance income, which increased by 32.80% to N2.6 billion, attributed to interest from call deposits and bank accounts. Meanwhile, finance costs dropped sharply to N172 million from N1.4 billion in Q1 2024.
Unilever’s total assets grew 9.50% to N155.09 billion, while retained earnings rose 21.84% to N30.9 billion, reflecting robust financial health and sustained growth momentum.
WHAT YOU SHOULD KNOW
Unilever Nigeria Plc’s Q1 2025 financial performance reflects a combination of strong market demand, effective cost management, and strategic financial decisions.
The 146.67% surge in profit before tax, 45.37% revenue growth, and robust balance sheet growth underscore the company’s resilience in a challenging economic environment.
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