Unilever Nigeria Plc has released its first quarter financial result for the period ended March 31, 2026, reporting revenue of N59.172 billion.
This represents a growth of 25.96 per cent to N59.172 billion from N46.975 billion the same period of 2025 .
The profit before tax increased to N13.422 billion from N10.753 billion, indicating a surge of 24.82 per cent.
The company paid a tax of N6.402 billion for the current quarter against N5.200 billion paid in the preceding year, bringing profit for the year N7.019 billion from N5.552 billion recorded in 2025, representing 26.42 per cent .
An analysis of the company result showed its gross profit up from N18.852 billion to N11.484 billion, operating profit also went up to N11.484 billion from N8.268 billion.
Finance income grew to N3.338 billion from N2.655 billion reported the previous year, finance rose from N172,066 to N1.4 billion while net finance income declined from N2.483 billion to N1.938 billion.
Meanwhile for the financial year ended December 31 2025, Unilever Nigeria Plc recorded turnover of N214 billion which represents 43 per cent increase from N150 billion turnover achieved in the corresponding period of 2024.
Gross profit rose 62 per cent to N90 billion, while Net Profit doubled to N32 billion, up from N15 billion in the same period in 2024.
Commenting on the result, on the results, the Managing Director, Tobi Adeniyi, said the company’s results reflected the impact of strategic investments and improving market traction.
He said the company delivered consistent quarter-on-quarter revenue growth that remained competitive, profitable and sustainable, despite the challenging macroeconomic environment.
He said “Our strong full-year performance reflects a business that is sharper, faster, and built to win. This momentum stems from focusing our resources on our power brands such as Knorr, Vaseline, Close Up, Pepsodent, and Rexona. These iconic brands continue to anchor our growth and benefit from structural tailwinds across the categories we operate in. Our disciplined approach reinforces Unilever’s collective intent to build a simpler, sharper organisation with a future ready portfolio and brands that drive desirability at scale.”
He further highlighted how the current business model translates to better value for consumers. He noted, “we have revamped our operations by embedding clarity, accountability and speed into the heart of our operations. We are now better positioned to innovate and serve the millions of Nigerian households who use our products daily. We have strengthened our ‘play to win’ culture, where excellence in innovation and execution is non-negotiable. We are committed to a culture of discipline that relentlessly improves our cost structures and elevates the overall consumer experience.”
With over 100 years of manufacturing heritage in Nigeria, every Unilever product carries a legacy of innovation and trust. Through its portfolio of beloved brands, Unilever restates its commitment to Brighten Everyday Life for All.
