Copyright tribuneonlineng
Nestlé Nigeria Plc has reported a strong performance for the first nine months of 2025, marking a solid return to profitability and sustained growth momentum. The company recorded a 33 per cent surge in revenue to N884.5 billion, up from N665.3 billion in the same period last year, reflecting increased consumer demand and operational efficiency. According to the financial statements released on Monday, operating profit rose by 63.6 per cent to N181.3 billion compared to N110.8 billion in the corresponding period of 2024. Profit before tax stood at N127.9 billion, a significant turnaround from the N255.4 billion loss recorded last year, while profit after tax reached N72.5 billion, against a N184.3 billion loss in the same period of 2024. Nestlé’s cost of sales rose to N557.7 billion from N459.0 billion in 2024, but the company maintained healthy margins, with gross profit improving to N326.9 billion from N206.3 billion. The results also showed an improved equity position of N72.5 billion and the early repayment of a USD 20 million inter-group foreign exchange debt in the third quarter of 2025. Commenting on the performance, Mr Wassim Elhusseini, Managing Director and Chief Executive Officer of Nestlé Nigeria Plc, attributed the results to disciplined execution, strong fundamentals, and a focus on operational excellence. “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 per cent and a profit after tax of N72.5 billion clearly illustrate that our dedication to operational excellence and robust fundamentals are producing the desired outcomes,” Elhusseini said. He added that the company remains focused on strengthening its margin management initiatives and accelerating business transformation, while continuing to invest in programmes that create sustainable value for employees, consumers, communities, and partners across its value chain. Nestlé Nigeria’s 2025 nine-month performance underscores its resilience amid a challenging macroeconomic environment, demonstrating strong brand equity and effective cost management.
