Nestle Nigeria PLC Profit Up 63.4 % as Revenue hits N884.5 billion in Nine Months.

By Godson Ikoro

Nestlé Nigeria PLC has announced strong financial results in its 9-Month report, driven by high growth and posting a Profit after tax increase of 63.6% or N72.5billion as Revenue grew to N884.5billion.

Key highlights for January to September 2025 showed that it recorded stellar improvements in all performance indicators.
Specifically, the results shows a robust increase of 33percent in revenue, totaling N884.5 billion compared to the nine month period of 2024.

Similarly, operating Profit: for the period under review grew to N181.3 billion, a 63.6% increase from N110.8 billion recorded in the nine month period of 2024.
Profit Before Tax (PBT) also rose significantly to N127.9 billion, in contrast to the loss of N255.4 billion in the same period of 2024.
•Following on the heels of the PBT, Profit After Tax closed at N72.5 billion, in compared to a loss of N184.3 billion in the 9 month period of 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
A closer examination of the results revealed that the company generated total revenue of N884,536,899,000 compared to N665,289,761,000 generated in 9 months of 2024.
Although Cost of Sales rose by N98.69 billion to (N557,661,594) in 9 months of 2025 as against (,N458,977,837) in ,2024, Gross Profit lept by 63.6% to N326,875,305 from N206,311,924 recorded in 9 months of ,2024. An increase of N,120.5 billion
The result also showed a significant reduction in the finance cost from a whooping (N369,158,960) in 2024 to (N55,173,305) in 2025. As Net finance costs closed at (N53,388,282) and (N366,228,482) for 2035 and 2024 respectively.

Commenting 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.

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.