Nestlé Nigeria, despite general economic downturn, announces equity on N1.2tn sales
By allcitynews.ng Nestlé Nigeria has announced its full-year 2025 results, reporting N1.2tn in revenue compared to N958.8bn in the same period of 2024, even as it recorded a turnaround in its equity position from negative N92.3bn to a positive N12.9bn despite the hard economic downturn. Just it disclosed that improved performance has positively impacted our equity position. This was disclosed in the audited financial results for 2025 filed with the Nigerian Exchange Limited on Wednesday, February 25. In the period under review, the company achieved a net profit of N105bn against a loss of N164.6bn in 2024. It also recorded the early repayment of $40m in forex-denominated debt. Export sales grew 56 per cent to N10.2bn from N6.6bn in 2024. Operating profit increased 34.3 per cent from N167.9bn to N225.4bn, and profit before tax rose to N166.8bn, reversing the N221.5bn loss in 2024. Commenting on the results, the Chief Executive Officer and Managing Director of Nes...