Nestlé Nigeria PLC has released its financial results for the first nine months of 2025, reporting significant growth and a return to profitability. The company’s report highlights a substantial increase in revenue and a turnaround in profit before and after tax, signaling a strong performance in the Nigerian market.
Key Financial Highlights (January – September 2025):
Revenue Growth: Nestlé Nigeria’s revenue increased by 33% to ₦884.5 billion, compared to the same period in 2024.
Operating Profit: The company’s operating profit rose to ₦181.3 billion, a 63.6% increase from ₦110.8 billion in the first nine months of 2024.
Profit Before Tax: Nestlé Nigeria recorded a profit before tax of ₦127.9 billion, a significant improvement from a loss of ₦255.4 billion during the same period last year.
Profit After Tax: The company reported a profit after tax of ₦72.5 billion, a stark contrast to the loss of ₦184.3 billion in the corresponding period of 2024.
Equity Position: There was an improvement in the equity position of ₦72.5 billion.
Debt Payment: Nestlé Nigeria made an early payment of USD 20 million in inter-group foreign exchange debt during the third quarter of 2025.
Management Commentary:
Mr. Wassim Elhusseini, Managing Director and CEO of Nestlé Nigeria PLC, commented on the results, stating, “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”.
He further added, “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”.
