…holds 53rd AGM
FrieslandCampina WAMCO Nigeria PLC, a leading dairy manufacturer in Nigeria, reported a sharp recovery in 2025, with pre-tax profit rising 566 percent to N32.7 billion as lower finance costs and reduced borrowings eased pressure on margins.
The dairy maker swung to a profit after tax of N18.4 billion, reversing a N749 million loss a year earlier, while total equity jumped to N18.8 billion in 2025 from N3.8 million in 2024.
Revenue increased by 25 percent from N493.6 billion in 2024 to N615.9 billion in 2025, driven by strong volume growth, targeted pricing initiatives, and sustained market expansion across key product categories.
Gross Profit rose significantly to N119 billion in 2025, as the dairy maker improved its product mix, increased operational efficiency, implemented cost-saving initiatives, and benefited from relative Naira strengthening in the second half of the year.
The company reported a strong financial recovery with significant growth at its 53rd Annual General Meeting (AGM) held recently in Lagos. Shareholders approved a N1 dividend per 50 kobo share as the company balances payouts with capital strengthening.
Read also: https://businessday.ng/companies/article/mecure-industries-q1-pre-tax-profit-surges-136-as-revenue-climbs-52/
Speaking on the financial performance, Roger Adou, managing director, FrieslandCampina WAMCO, said 2025 was a defining year for the dairy manufacturer as it successfully returned the business to profitability despite persistent macroeconomic and operational challenges.
“The operating environment remained complex with high interest rates, supply chain disruptions, inflationary pressures, and foreign exchange volatility continuing to impact businesses across Nigeria,” Adou said.
“Despite these headwinds, our teams demonstrated exceptional resilience, agility, and commitment. We significantly improved operational efficiency across our factories, strengthened our route-to-market capabilities, enhanced our commercial execution, and optimised our supply chain operations,” he added.
He explained that the company will continue to invest in its brand, people, and sustainability agenda, adding that its dairy development initiative made progress in improving local milk sourcing, farmers’ capability development, and sustainability of the dairy ecosystem.
“In 2025 alone, over 13,000 farmers were trained, while raw milk volumes increased by 19 percent compared to the previous year.”
“As a company committed to nourishing Nigerians with quality dairy nutrition, we expanded several consumer engagement initiatives and reinforced our presence across strategic categories and channels.”
“We remain focused on operational excellence, innovation, sustainability, and long-term value creation for all stakeholders.”
In his address, Olayinka Sanni, chairman of the Board of Directors, said 2025 marked a year of recovery, resilience, and strategic progress for FrieslandCampina WAMCO Nigeria PLC.
Although the macroeconomic environment remained challenging, he noted, saying “we witnessed gradual improvements in economic stability, moderation in inflation, and relative stability in the foreign exchange market, which positively impacted business confidence.”
According to him, the company’s strong recovery in profitability and equity position demonstrates the effectiveness of its strategic actions, disciplined financial management, and operational transformation initiatives.
“Our focus remains on building a more resilient business capable of delivering sustainable long-term value despite ongoing economic uncertainties.”
“On behalf of the Board, I would like to sincerely appreciate our shareholders for their unwavering confidence and support, our employees for their dedication and resilience, our customers and consumers for their loyalty, and our partners for their continued collaboration.”
Looking ahead, Sanni said the company remains optimistic about the future. “We will continue to focus on sustainable growth, operational efficiency, responsible business practices, dairy development, and investments that strengthen our long-term competitiveness in Nigeria’s dairy industry,” he added.