Nestlé Nigeria PLC has announced a strong comeback in its financial performance, reporting a profit after tax of N50.6 billion for the first half of 2025. This marks a major turnaround from the N176.6 billion loss recorded during the same period last year.
The food and beverage giant posted a 43% increase in revenue, rising to N581.1 billion from N406.9 billion in H1 2024. Operating profit more than doubled, climbing from N63.4 billion to N130.4 billion, reflecting a 106% improvement.
The company also recorded a profit before tax of N88.4 billion, reversing the N252.2 billion loss it suffered in H1 2024. Gross profit jumped to N224.9 billion, while finance costs dropped significantly year-on-year, aided by an early repayment of USD 20 million in inter-group foreign exchange obligations during the second quarter of the year.
Commenting on the results, Nestlé Nigeria’s Managing Director and CEO, Mr. Wassim Elhusseini, attributed the strong performance to disciplined operations and renewed focus on growth strategies.
“The robust topline growth of 43% and profit after tax of N50.6 billion in H1 2025 support our return to profitability which commenced in Q4 2024,” Elhusseini said. “This performance reflects our unwavering commitment to operational excellence, the support of our stakeholders, and the dedication of our team to drive sustainable growth in the face of evolving challenges.”
Looking ahead, Elhusseini noted that Nestlé Nigeria will continue to prioritize margin management, innovation, and community investment to deliver long-term value to stakeholders.
Market analysts have described the turnaround as one of the most impressive within Nigeria’s consumer goods sector. Tolu Ajiboye, an analyst at Leadpoint Capital, said the early forex debt repayment and sustained revenue growth demonstrate “resilience and tactical financial management in a challenging economic landscape.”
The company’s equity position also strengthened by N50.6 billion, further underscoring its improved financial health.
With renewed momentum, Nestlé Nigeria appears poised to sustain its performance through the second half of the year, as it continues to adapt to shifting consumer demands and macroeconomic pressures.
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