Unilever Nigeria reported a rise of 20.1 per cent in web revenue for the 9 months to September, in comparison with the corresponding interval of 2025, in keeping with the newest company outcomes of the fast-moving shopper items producer launched on Friday.
The enchancment in earnings derived largely from a reasonably stronger income, which climbed to N184 billion from N155.4 billion a yr earlier, due to larger gross sales from the corporate’s meals enterprise.
The meals division contributed 66.9 per cent to turnover, up from 61.1 per cent a yr in the past, whereas the 2 different divisions – private care and sweetness & wellbeing – contributed 23 per cent and 10.1 per cent in that order.
Unilever Nigeria, whose merchandise embody prime manufacturers like Lipton, Knorr, Close-Up, Vaseline and Pears, amongst others, generated 98 per cent of its income by home gross sales throughout the interval, whereas exports accounted for the remaining.
Cost of gross sales as a proportion of income dropped to 53.6 per cent from 58.8 per cent, boosting gross revenue.
Marketing and administrative bills surged by 36.6 per cent to N40.3 billion, pushed by elevated spending on model and advertising.
The firm sharply decreased its impairment write-back on commerce and different receivables to N43.1 million from N834.9 million, softening the strain on working revenue.
Other revenue superior by 166.2 per cent to N651.7 million, helped by larger charges earned on manufacturing of tea for Lipton Teas and Infusions Plant Based Limited and proceeds from a Federal Government of Nigeria-issued promissory be aware.
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Profit earlier than taxation superior by greater than one-fifth to N45.6 billion, whereas revenue after tax rose to N26.4 billion from N22 billion.
However, complete property barely dropped by 0.4 per cent to N179.4 billion, triggered by decrease money and money equivalents.
In a separate announcement on Friday, the corporate declared an interim dividend of N2 per share, 4 instances what it paid for the half-year interval of 2025, when it distributed N0.50 per share to shareholders. The potential payout of the newly declared dividend stands at N11.5 billion.
“On Wednesday, 18 November 2026, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at Friday, 30 October 2026 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts,” Unilever Nigeria mentioned.
In March, Unilever Plc, the guardian, introduced it had struck a deal to merge its international meals enterprise with McCormick & Company, Inc., topic to required regulatory approvals and the satisfaction of different customary closing circumstances.
It expects the enterprise mixture to create a bigger entity specialising in flavours and meals merchandise.
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