Nigeria 2025 Nine Months Results: Growth, Momentum and Sustained profitability

 

Nestlé Nigeria PLC has announced strong financial results in its 9-Month report, driven by high growth.  Key highlights for January to September 2025 Results :

Revenue Growth: Nestlé Nigeria PLC saw a robust 33% increase in revenue, totaling N884.5 billion compared to 9M of 2024.

Operating Profit: The operating profit grew to N181.3 billion, a 63.6% increase from N110.8 billion in 9M of 2024.

Profit Before Tax: The profit before tax reached N127.9 billion, in contrast to the loss of – N255.4 billion in the same period of 2024.

Profit After Tax: The profit after tax amounted to N72.5 billion, compared to a loss of – N184.3 billion in 9M 2024.

Equity Position: The equity position improved by N72.5 billion.

Early payment of USD 20 million inter-group forex debt in Q3 2025


Summary of the results : Jan-Sept 2025 

  

Jan-Sept 2025

Jan-Sept 2024


Revenue 

884,536,899

665,289,761


Cost of Sales 

(557,661,594)

(458,977,837)


Gross Profit 

326,875,305

206,311,924


Results from operating activities 

181,343,663

110,843,852


Finance income 

1,785,024

2,930,478


Finance costs 

(55,173,305)

(369,158,960)


Net finance costs 

(53,388,282)

(366,228,482)


Profit /(loss) before income tax 

127,955,382

(255,384,629)


Income tax (expense)/credit 

(55,473,301)

71,113,867


Profit /(loss) for the period 

72,482,081

(184,270,762)






In his remarks on the results, Mr. Wassim Elhusseini, Managing Director and CEO of Nestlé Nigeria PLC, stated, "The results for the nine months signify the sustainability of our return to profitability since the fourth quarter of 2024. The topline growth of 33% during this period, along with a profit after tax of N72.5 billion, clearly illustrate that our dedication to operational excellence and our robust fundamentals are producing the desired outcomes.”  


Looking ahead, he emphasized, “we remain focused on enhancing our margin management initiatives, accelerating transformation of our business, while investing in programs that create sustainable value for all our stakeholders, starting from our employees, consumers and extending to our communities and partners across our value chain.”


Nestlé Nigeria's nine months 2025 results underscore the company's resilience and operational effectiveness, positioning it for continued success in navigating challenges and seizing future opportunities.

End 


About Nestlé Nigeria :

Nestlé Nigeria is one of the largest food and beverage companies in Africa. The Company’s purpose is to unlock the power of food to enhance quality of life for everyone today and for generations to come. For over 62 years of its operation in Nigeria, Nestlé has delighted consumers around Nigeria by consistently delivering high quality nutritious food and beverages under its iconic brands :  MAGGI, MILO, GOLDEN MORN, NESTLÉ PURELIFE, CERELAC, NESCAFÉ and NIDO. 

With 3 manufacturing sites, 7 branch offices and a head office located in Lagos, Nestlé Nigeria is a force for good, helping to improve the wellbeing and livelihood of individuals and families to build thriving communities while taking action to protect the planet.


Comments

Post a Comment

Popular posts from this blog

HON. SOLA GIWA APPROVES TEMPORARY SUSPENSION OF BRT LANE ENFORCEMENT ON EKO BRIDGE AND ODO IYA-ALARO AXES AMID ONGOING IFAKO BRIDGE REHABILITATION

Image
  In a proactive and strategic intervention aimed at ameliorating the growing traffic congestion precipitated by the ongoing structural rehabilitation of the Ifako Bridge expansion joint, the Special Adviser to the Governor on Transportation, Honourable Sola Giwa, has granted formal approval for the temporary suspension of Bus Rapid Transit (BRT) lane enforcement along the Eko Bridge and Odo Iya-Alaro corridors. This remedial measure, conceived as a palliative response to mitigate commuter hardship, aligns with the Lagos State Government’s forward-thinking and adaptive transportation strategy under the THEMES Plus Agenda of Governor Babajide Olusola Sanwo-Olu, particularly within the framework of sustainable traffic management and infrastructure modernization. Reiterating the administration’s unwavering resolve to improve road infrastructure and enhance urban mobility, Hon. Giwa noted that the suspension is transitional and conditional, structured specifically to absorb the anticip...
Read more

LASG CAUTIONS MOTORISTS AGAINST REMITTING PAYMENTS TO TOUTS FOR ILLEGAL PARKING ON BRIDGES AND OPEN SPACES.

Image
  The Special Adviser to the Governor on Transportation, Hon. Sola Giwa, has unequivocally admonished motorists to desist from making illicit payments to touts  for illegal parking on bridges and other open spaces across Lagos State. This directive comes in response to reports indicating that private vehicle owners have been engaging in transactions with street urchins for unauthorized parking privileges at various locations within the metropolis. Hon. Giwa underscored the imperative of strict adherence to government-installed road signage and urban furniture, which explicitly delineate designated “No Parking” zones. He emphasized that noncompliance contributes significantly to congestion and impedes the seamless flow of traffic. Highlighting notorious areas plagued by illegal parking, he referenced locations such as Ebute-Ero, Ejalonibu, Adeniji-Adele, Oyingbo, Oworonsoki, Iyana-Ipaja and Medical Road near Computer Village, among others, where vehicles are indiscriminately st...
Read more

Oki Community Rejects Hon. Abiodun Ejigbadero as APC Candidate in Agbado Oke-Odo LCDA

Image
--- The people of the Oki community in Alimosho Local Government have publicly rejected the candidature of Hon. Abiodun Ejigbadero as the All Progressives Congress (APC) flagbearer for Agbado Oke-Odo Local Council Development Area (LCDA). This rejection was expressed through a peaceful protest staged at Iyana Ipaja, where community members voiced their concerns and dissatisfaction. The protesters made it clear that they do not wish to be represented by someone they described as a “land grabber.” Speaking to journalists, the Akinrogun of Oki Kingdom, Chief Olatunde Durosimi, explained that the protest was driven by ongoing issues within the community, specifically involving Mr. Ejigbadero. According to Chief Durosimi, the community has been embroiled in a land dispute with Mr. Ejigbadero, a matter that is currently being contested in court. “We are opposed to his candidature because of his conduct within the community. Recently, during another protest, one of his boys allegedly killed a...
Read more