Unilever Nigeria Plc has launched its monetary outcomes for the primary quarter ended March 31, 2025, reporting a pre-tax revenue of N10.7 billion.
This determine represents a 146.67% improve from the N4.3 billion pre-tax revenue recorded in the identical quarter of 2024, pushed by elevated gross sales.
Whole income for Q1 2025 was N46.9 billion, up 45.37% from N32.3 billion a 12 months earlier.
- Inside this, Meals Merchandise accounted for N27.5 billion, whereas Private Care generated N15.1 billion, and Magnificence & Wellbeing contributed N4.3 billion.
Nonetheless, the price of gross sales rose to N28.1 billion, up from N18.8 billion in Q1 2024. Regardless of this spike, gross revenue elevated to N18.8 billion, in comparison with N13.5 billion within the earlier 12 months.
Much less favorably, advertising and marketing and administrative bills elevated to N9 billion, which is a 9.67% rise from N8.2 billion in Q1 2024.
However, working revenue improved to N8.2 billion, a 115.18% improve from N3.8 billion within the prior 12 months.
- Finance earnings climbed to N2.6 billion, a 32.80% rise, largely on account of curiosity from name deposits and bank accounts.
- Notably, finance prices have been decreased from N1.4 billion in Q1 2024 to N172 million this quarter.
Unilever’s whole belongings amounted to N155.09 billion, reflecting a 9.50% year-over-year improve, whereas retained earnings reached N30.9 billion, up 21.84%.
Key Highlights
- Income: N46.9 billion, +45.37% YoY
- Value of gross sales: N28.1 billion, +49.47% YoY
- Gross revenue: N18.8 billion, +39.64% YoY
- Advertising and administrative bills: N9 billion, +9.67% YoY
- Working revenue: +115.18% YoY
- Finance earnings: N2.6 billion, +32.80% YoY
- Pre-tax revenue: N10.7 billion, +146.67% YoY
- Retained earnings: N30.9 billion, +21.84% YoY
As of market shut on March twenty eighth, 2025, shares of the corporate have been priced at N43.00 on the Nigerian Inventory Market, with a year-to-date efficiency of 30.50%.
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