Unilever doubles profit to N22bn in Q3

Unilever Nigeria Plc has reported a significant increase in its financial performance for the nine months ended September 30, 2025, posting a turnover of N155bn, up 50 per cent from N104bn recorded in the same period last year.

The company’s gross profit rose 49 per cent to N64bn, while net profit after tax doubled to N22bn, compared with N11bn in the corresponding period of 2024.

Speaking on the results, Managing Director, Tobi Adeniyi, attributed the strong performance to the company’s focus on its power brands, strategic product mix optimisation, and disciplined cost management.

He said, “Our Q3 performance reflects the strength of our focus on our power brands, strategic product mix optimisation, and disciplined cost management. We are committed to sustaining brand investment, ensuring supply chain resilience, and delivering volume-led growth with our robust portfolio.”

Adeniyi also emphasised Unilever Nigeria’s commitment to local manufacturing and partnerships, stating, “As a cornerstone of Nigerian manufacturing for over 100 years, we continue to invest locally in expanding our operations, build equitable partnerships across our value chain, and nurture deep trust with our Nigerian consumers.”