Honeywell swings back to profit as FX stability boosts earnings

Honeywell Flour Mills Plc has posted a profit of N14.6 billion for the year ended March 31, 2025, adding to a trend of consumer goods companies rebounding from Nigeria’s harsh macroeconomic headwinds.

This performance follows last year’s N10.1 billion loss and was significantly driven by a combination of exchange rate gains and growth in revenue.

While much of the private sector continues to reel from the consequences of currency volatility, Honeywell leveraged the naira’s relative stability in r