Feb 26 • 00:08 UTC 🇳🇬 Nigeria Punch

Nestlé Nigeria rebounds to positive equity on N1.2tn sales

Nestlé Nigeria has reported a significant turnaround in its financial performance, achieving N1.2 trillion in revenue and a net profit of N105 billion for the year 2025.

Nestlé Nigeria has announced its financial results for the year 2025, revealing a remarkable increase in revenue from N958.8 billion the previous year to N1.2 trillion. This turnaround is marked not only by improved sales but also by a significant recovery in its equity position, moving from a negative N92.3 billion to a positive N12.9 billion. The company achieved this growth despite the challenging economic landscape and faced a loss of N164.6 billion in 2024, highlighting the effectiveness of their recovery strategies in place during the past year.

In addition to its revenue growth, Nestlé Nigeria reported a net profit of N105 billion, which contrasts sharply with the significant losses it experienced in previous years. The company’s operating profit rose by 34.3% to N225.4 billion, while profits before tax also saw a reversal, reaching N166.8 billion, compared to a loss of N221.5 billion in 2024. Furthermore, Nestlé's efforts to strengthen its balance sheet included the early repayment of $40 million in forex-denominated debt, showcasing their commitment to improving financial stability and operational efficiency.

The Chief Executive Officer of Nestlé Nigeria, Mr. Wassim Elhusseini, emphasized that these results reflect the robust foundations laid for profitability since late 2024. With a notable 56% increase in export sales, reaching N10.2 billion, the company is poised for continued growth. This turnaround signals not only confidence in Nestlé Nigeria's strategic direction but also a positive outlook for the Nigerian economy as the company continues to adapt and respond to market challenges, ultimately benefiting both the organization and its stakeholders.

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