Unilever Nigeria’s Nine-Month Profit Rises 20% to N26.40bn as Revenue Hits N184bn

Unilever Nigeria Plc recorded a 20.1% improve in revenue after tax to N26.40 billion for the 9 months ended September 30, 2026, in contrast with N21.98 billion within the corresponding interval of 2025.

The client items firm’s monetary statements confirmed that income elevated by 18.4% to N184.01 billion from N155.41 billion, representing a further N28.60 billion in gross sales throughout the interval.

Gross revenue rose by 33.6% to N85.46 billion from N63.97 billion as income development outpaced the rise in the price of gross sales.

Cost of gross sales elevated by 7.8% to N98.54 billion from N91.45 billion, serving to the corporate enhance its gross revenue margin to 46.4% from 41.2% a 12 months earlier.

However, increased working bills moderated the development in earnings.

Marketing and administrative bills elevated by 36.6% to N40.30 billion from N29.51 billion, whereas promoting and distribution bills rose by 44.1% to N7.31 billion from N5.07 billion.

Despite these will increase, working revenue climbed by 26.5% to N38.54 billion from N30.46 billion, reflecting stronger profitability from the corporate’s operations.

Unilever Nigeria additionally recorded finance revenue of N9.17 billion, up from N7.66 billion within the corresponding interval of 2025.

Finance prices, nonetheless, elevated to N2.13 billion from N710.40 million, limiting the expansion in web finance revenue to N7.03 billion from N6.95 billion.

Profit earlier than tax elevated by 21.8% to N45.58 billion from N37.41 billion, supported by increased working earnings and optimistic web finance revenue.

The firm’s tax expense rose to N19.17 billion from N15.43 billion, representing a rise of 24.3%.

Following the upper tax cost, revenue after tax settled at N26.40 billion, in contrast with N21.98 billion within the earlier 12 months.

Basic and diluted earnings per share improved to N4.60 from N3.83, indicating the rise in earnings attributable to shareholders.

The outcomes point out that Unilever Nigeria benefited from stronger gross sales and improved gross margins throughout the nine-month interval, though rising advertising and marketing, administrative and distribution bills absorbed a part of the good points.

The firm’s means to keep up income development whereas managing working bills will stay essential to its profitability within the last quarter of 2026.