Nestle Nigeria Plc has reported a significant turnaround in its financial performance for the first half of 2025. The company announced an after-tax profit of N50.5 billion, a substantial improvement from the deficit of N176.9 billion recorded in the same period in 2024. This marks the company’s return to profitability after two consecutive years of losses.
The company’s revenue grew by 43% to N581.1 billion in the first half of 2025, compared to the same period in 2024. Operating profit increased by 106% to N130.4 billion, while profit before tax reached N88.4 billion, compared to a loss of N252.5 billion in the prior year. Gross profit also grew by 77% to N225 billion.
The company’s finance income reduced to N1.1 billion, while finance costs decreased significantly to N43.2 billion from N318.1 billion in the prior year. The significant reduction in finance costs contributed to the company’s improved profitability.
Wassim Elhusseini, the CEO/Managing Director of Nestle Nigeria Plc, attributed the company’s performance to its commitment to operational excellence, the support of its stakeholders, and the dedication of its team. He stated that the company will continue to focus on improving its margin management, driving innovation, and renovating its products to meet changing consumer needs.
The company’s return to profitability is a significant achievement, considering it had recorded losses for two consecutive years. In 2023, the company posted a loss of N79.5 billion, while in 2024, it announced a loss of N164.6 billion. The profit recorded in the first half of 2025 marks a significant turnaround for the company, and it is expected to continue on this positive trajectory.
Overall, Nestle Nigeria Plc’s financial performance for the first half of 2025 is a testament to the company’s ability to adapt to evolving challenges and drive sustainable growth. The company’s commitment to operational excellence, innovation, and community programs is expected to continue to yield positive results in the future.