Unilever Nigeria declares N18.7bn dividend after doubling profit

Unilever Nigeria Plc has declared a final dividend payout of N18.67 billion after more than doubling full year profit in 2025.

According to its audited financial statement, the consumer goods maker reported a turnover of N214 billion which represents a 43 percent increase from N150 billion turnover recorded in the corresponding period of 2024.

This is as gross profit rose 62 percent to N90 billion, while net profit doubled to N32 billion, up from N15 billion in the same period in 2024.

Speaking on the results, Tobi Adeniyi, the managing director, stated, “Our strong full-year performance reflects a business that is sharper, faster, and built to win.

“This momentum stems from focusing our resources on our power brands such as Knorr, Vaseline, Close Up, Pepsodent, and Rexona. These iconic brands continue to anchor our growth and benefit from structural tailwinds across the categories we operate in.

“Our disciplined approach reinforces Unilever’s collective intent to build a simpler, sharper organisation with a future ready portfolio and brands that drive desirability at scale.”

Related News

Unilever is one of the world’s leading suppliers of personal care, beauty and wellbeing, and food products, with sales in over 190 countries and products used by 3.4 billion people every day.

Adeniyi further highlighted how the current business model translates to better value for consumers.

He said, “We have revamped our operations by embedding clarity, accountability and speed into the heart of our operations. We are now better positioned to innovate and serve the millions of Nigerian households who use our products daily.

“We have strengthened our ‘play to win’ culture, where excellence in innovation and execution is non-negotiable. We are committed to a culture of discipline that relentlessly improves our cost structures and elevates the overall consumer experience.”

The company, through its portfolio of beloved brands, restated its commitment to brighten everyday life for all.

Wasiu Alli

Wasiu Alli is a business, economics cum data journalist with strong expertise covering macro trends, capital markets, government policies, corporate earnings and comparative economics analysis. Alli turns raw data into trends that not only tells compelling stories but nudges investors to make valued and informed decisions. He’s an alumnus of Lagos State University and trained at Lagos Business School. He formerly heads the Companies and Markets desk at BusinessDay where he writes and supervises the production of well researched articles on earnings updates, corporate sectoral comparisons, market intelligence as well as interviews with C-suite executives.