Onome Amuge
Unilever Nigeria Plc recorded a turnover of N46.9 billion for the three months ended March 31, 2025, representing a 45 per cent increase compared to the N32.3 billion recorded in the same period of 2024, according to its unaudited financial statement for the first quarter of the year.
The consumer goods giant also saw a 40 per cent rise in gross profit, which reached N18.8 billion for the first quarter of 2025, up from N13.5 billion in the corresponding period last year.
The overall business performance demonstrated a strong upward trajectory, with net profit for the quarter ending March 31, 2025, reaching N5.6 billion. This represents a 65 per cent improvement compared to the N3.4 billion net profit reported for the first quarter of 2024.
Commenting on the results, Managing Director Tobi Adeniyi expressed satisfaction with the company’s strong start to the year across key business areas.
“We are pleased to have commenced the year with strong momentum across all critical dimensions of the business. The promising start reflects the dedication, agility and pioneering mindset of our teams, and this positions us optimally to sustain our growth trajectory in the dynamic environment we operate in,” he said.
Adeniyi outlined the company’s strategic focus, which remains anchored on three pillars including; Driving focus on its core portfolio and geographies, excelling with its unmissable superior brands, and accelerating productivity on its bottom line.
“With Q1 performance reflecting robust growth, we are optimistic that with a consistent level of discipline across the business and putting our consumers first in all we do, we expect to see consistent and sustained performance through the year and continue to brighten everyday life for Nigerians,” he added.
Adeniyi further emphasised Unilever Nigeria’s long-standing commitment to the country, highlighting its over a century of operation as the longest-serving manufacturing company in Nigeria. He affirmed the company’s dedication to serving citizens through its locally produced brands and operations, underscoring its intention to remain a key player in the Nigerian market.
