By Ayomide Otitoju
Nestlé Nigeria Plc has reported strong financial performance for the nine months ended September 30, 2025, marking a solid return to profitability driven by significant revenue and operating income growth.
According to the company’s unaudited results released on Wednesday, revenue rose by 33% year-on-year to ₦884.5 billion, up from ₦665.3 billion recorded in the same period of 2024. Operating profit surged by 63.6% to ₦181.3 billion, compared to ₦110.8 billion last year.
Nestlé reported a profit before tax of ₦127.9 billion, a sharp turnaround from a loss of ₦255.4 billion in the corresponding period of 2024. Profit after tax stood at ₦72.5 billion, reversing a ₦184.3 billion loss recorded last year. The company also improved its equity position by ₦72.5 billion and completed an early payment of $20 million in inter-group foreign exchange debt during the third quarter of 2025.
A breakdown of the financials shows gross profit rose to ₦326.9 billion from ₦206.3 billion in 2024, while finance costs dropped significantly to ₦55.2 billion from ₦369.2 billion a year earlier.
Commenting on the results, Managing Director and CEO of Nestlé Nigeria Plc, Mr. Wassim Elhusseini, said the performance underscores the company’s sustained return to profitability since the fourth quarter of 2024.
“The topline growth of 33% during this period, along with a profit after tax of ₦72.5 billion, clearly illustrates that our dedication to operational excellence and robust fundamentals are producing the desired outcomes,” Elhusseini stated.
He added that the company remains focused on improving margin management, accelerating business transformation, and investing in initiatives that deliver long-term value to all stakeholders — from employees and consumers to communities and partners across its value chain.
Nestlé Nigeria’s strong 2025 nine-month results highlight its resilience and operational effectiveness, positioning the company for sustained growth and profitability in the face of evolving market conditions.
