Unilever Nigeria profits double as revenue reaches ₦214.3 billion

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

Speaking at the Company’s Annual General Meeting (AGM) held at the Muson Center 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 financial year 2025, made up of a final dividend of ₦3.25k per share and a prior interim dividend of ₦50k per share.

He said the payment highlights the company’s commitment to rewarding investors while supporting reinvestment in future growth.

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

Profit for the year also more than doubled to ₦32.20 billion from ₦15.14 billion a year earlier.

Chief Executive Officer, Tobi Adeniyi, attributed the performance to a focused strategy built around high-growth categories, stronger brand positioning and a simplified operational structure that improves efficiency and innovation.

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

Also speaking, Chief Financial Officer 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 enhance shareholder value.

Shareholders present at the AGM praised the management team for disciplined execution and improved financial results, 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 yields despite a challenging economic environment.

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

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