Unilever Nigeria Plc reported a pre-tax profit of ₦13.4 billion for the first quarter of 2026, an increase from ₦10.7 billion in the same period of 2025. Revenue rose 25.96% year-on-year to ₦59.1 billion, up from ₦46.9 billion, driven largely by strong performance in its Foods segment, which contributed 63.7% of total sales. Personal care products accounted for 26.8% of revenue, while Beauty & Wellbeing brought in ₦5.6 billion. Cost of sales increased by 15.77% to ₦32.5 billion, resulting in a gross profit of ₦26.6 billion, up 41.17% from ₦18.8 billion. Operating profit rose 38.9% to ₦11.4 billion despite higher marketing and administrative expenses, which jumped to ₦13.5 billion from ₦9.08 billion. Net finance income of ₦1.9 billion contributed to the pre-tax profit figure. After an income tax charge of ₦6.4 billion, post-tax profit reached ₦7.01 billion, up from ₦5.5 billion. Earnings per share improved to ₦1.22 from ₦0.97. Retained earnings grew to ₦54.7 billion from ₦47.7 billion, pushing total equity to ₦114.4 billion. Total assets increased to ₦189.9 billion, with cash and cash equivalents amounting to ₦114.4 billion. Liabilities rose to ₦75.5 billion, driven by trade and other payables of ₦44.4 billion.
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