Unilever Nigeria reported an building up of 20.1 according to cent in web benefit for the 9 months to September, in comparison to the corresponding duration of 2025, in step with the most recent company result of the fast-moving shopper items producer launched on Friday.
The development in income derived in large part from a relatively more potent income, which climbed to N184 billion from N155.4 billion a 12 months previous, thank you to better gross sales from the corporate’s meals industry.
The meals department contributed 66.9 according to cent to turnover, up from 61.1 according to cent a 12 months in the past, whilst the 2 different divisions – non-public care and good looks & wellbeing – contributed 23 according to cent and 10.1 according to cent in that order.
Unilever Nigeria, whose merchandise come with best manufacturers like Lipton, Knorr, Shut-Up, Vaseline and Pears, amongst others, generated 98 according to cent of its income via home gross sales all through the duration, whilst exports accounted for the remainder.
Price of gross sales as a proportion of income dropped to 53.6 according to cent from 58.8 according to cent, boosting gross benefit.
Advertising and administrative bills surged via 36.6 according to cent to N40.3 billion, pushed via higher spending on logo and advertising and marketing.
The corporate sharply lowered its impairment write-back on industry and different receivables to N43.1 million from N834.9 million, softening the drive on working benefit.
Different source of revenue complicated via 166.2 according to cent to N651.7 million, helped via upper charges earned on manufacturing of tea for Lipton Teas and Infusions Plant Based totally Restricted and proceeds from a Federal Executive of Nigeria-issued promissory word.
READ ALSO: Unilever Nigeria raises interim dividend fourfold amid slight increase in half-year profit
Benefit earlier than taxation complicated via greater than one-fifth to N45.6 billion, whilst benefit after tax rose to N26.4 billion from N22 billion.
On the other hand, overall belongings fairly dropped via 0.4 according to cent to N179.4 billion, brought about via decrease money and money equivalents.
In a separate announcement on Friday, the corporate declared an meantime dividend of N2 according to percentage, 4 instances what it paid for the half-year duration of 2025, when it disbursed N0.50 according to percentage to shareholders. The prospective payout of the newly declared dividend stands at N11.5 billion.
“On Wednesday, 18 November 2026, dividends will likely be paid electronically to shareholders whose names seem at the Sign up of Participants as at Friday, 30 October 2026 and who’ve finished the e-dividend registration and mandated the Registrar to pay their dividends immediately into their Financial institution accounts,” Unilever Nigeria stated.
In March, Unilever Plc, the mother or father, introduced it had struck a deal to merge its world meals industry with McCormick & Corporate, Inc., topic to required regulatory approvals and the pleasure of alternative commonplace remaining prerequisites.
It expects the industry aggregate to create a bigger entity specialising in flavours and meals merchandise.
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