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.