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 Nestlé Nigeria, Mr Wassim Elhusseini, said, “Our 2025 results reflect the strong foundations of our return to profitability since the fourth quarter of 2024: with the resilience of our people and our renewed operational efficiency which continue to deliver strong outcomes, supported by the stability of the naira against the dollar.

.

“With the results achieved in 2025, negative retained earnings from the previous period reduced by 53.6 per cent, from N243.2bn in 2024 to N112.8bn in 2025. We are optimistic that as long as the business generates positive net profit, we will soon eliminate the negative retained earnings and resume dividend payments. In the year ahead, we will keep driving cost efficiencies to support our growth in what we expect will be a more stable economic environment. Marketing investments will remain a priority as we work to capture additional market shares and strengthen our position in the marketplace. In line with our long-term sustainability commitments, we will also maintain our investment in initiatives that create shared value for all stakeholders.”


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