Unilever Nigeria Plc reported remarkable results for the first quarter of 2025, with a 65% increase in net profit and a 45% increase in revenue. A report that shows the company has had a strong start to the year.

Unilever Nigeria’s turnover increased by 45% from N32.3 billion in Q1 2024 to N46.9 billion in Q1 2025. Gross profit increased by 40% to N18.8 billion, up from N13.5 billion in the same time last year.

The corporation declared a net profit of N5.6 billion for the quarter, a considerable increase from N3.4 billion in Q1 2024.

Unilever Nigeria’s Managing Director, Tobi Adeniyi, commented on the performance and expressed hope for the coming year.

“We are pleased to have commenced the year with strong momentum across all critical dimensions of the business,” Adeniyi told shareholders. “The promising start reflects the dedication, agility, and pioneering mindset of our teams, positioning us optimally to sustain our growth trajectory in the dynamic environment we operate in,” he said.

Adeniyi emphasized that the company’s strategy is still centered on three pillars to succeed with great brands and increasing efficiency to boost the bottom line.

Read also: The unspoken crisis: tariffs, economic uncertainty undermine consumer confidence in Nigeria

“With Q1 performance reflecting robust growth, we are optimistic that consistent discipline across the business and a consumer-first approach will drive sustained performance throughout the year as we continue to brighten everyday life for Nigerians,” he added.

Adeniyi reaffirmed Unilever Nigeria’s long-term commitment to the country, citing the company’s over 100-year history in Nigeria and promising continuing investment and service through locally manufactured products and activities.