Nestlé Nigeria Plc has reported a strong turnaround for the first nine months of 2025 as profit after tax rose to ₦72.5 billion from a loss of ₦184.3 billion in the same period last year.
The company’s revenue rose by 33 percent to ₦884.5 billion, while operating profit surged 63.6 percent to ₦181.3 billion, underscoring its successful recovery strategy and operational discipline.
The company’s profit before tax stood at ₦127.9 billion, reversing a loss of ₦255.4 billion recorded in 2024, driven by higher sales volumes, improved pricing, and tighter cost control.
Finance costs dropped from ₦369.2 billion to ₦55.2 billion to reflect better foreign exchange management and early repayment of a $20 million inter-group forex debt in the third quarter of the year.
Nestlé’s equity position strengthened by ₦72.5 billion, marking a full return to positive shareholder value after the previous year’s erosion from currency devaluation and imported input costs.
The company’s gross profit rose to ₦326.9 billion, compared to ₦206.3 billion in the prior period, reinforcing its resilience and strong consumer demand across product lines.
Commenting on the results, the Managing Director and Chief Executive Officer, Mr. Wassim Elhusseini, said the company’s performance affirms the sustainability of its turnaround and continued focus on value creation.
“Our strong topline growth and positive profit trajectory demonstrate that our commitment to operational excellence and business transformation is yielding the desired results,” he stated.
He added that Nestlé remains focused on driving margin management initiatives, accelerating transformation efforts, and investing in programs that deliver long-term value for stakeholders, including employees, consumers, communities, and business partners.
Analysts view the results as a strong indicator of renewed stability in Nigeria’s fast-moving consumer goods sector. Nestlé’s ability to maintain growth amid foreign exchange and inflationary challenges highlights improved industry fundamentals and investor confidence in the company’s long-term strategy.
With the latest performance, Nestlé Nigeria has firmly reestablished profitability and operational efficiency, positioning itself for sustained growth and stronger shareholder returns in the final quarter of 2025.