Nestlé Nigeria PLC has demonstrated remarkable financial strength and operational resilience with its nine-month results for 2025, underscoring the company’s ability to navigate challenging macroeconomic conditions while delivering sustainable growth. The FMCG giant’s performance signals a solid return to profitability and highlights its strategic focus on operational efficiency, margin optimization, and long-term value creation for stakeholders.
Revenue and Profitability Surge
From January to September 2025, Nestlé Nigeria recorded revenue of N884.5 billion, marking a significant 33% increase compared to N665.3 billion in the same period of 2024. This impressive growth reflects strong consumer demand, effective pricing strategies, and enhanced product penetration across Nigeria’s diverse markets.
Operating profit surged to N181.3 billion, representing a 63.6% increase from N110.8 billion in 9M 2024. This growth was driven by improved production efficiencies, disciplined cost management, and an unwavering focus on delivering quality products to consumers.
The company also reported a dramatic turnaround in profitability: profit before tax reached N127.9 billion, compared to a loss of N255.4 billion in 2024, while profit after tax (PAT) climbed to N72.5 billion, reversing the N184.3 billion loss recorded in the corresponding period last year. The improvement in the company’s equity position by N72.5 billion further demonstrates the strength of Nestlé Nigeria’s financial foundations.
In addition, Nestlé Nigeria showcased financial prudence through the early repayment of a USD 20 million inter-group forex debt in Q3 2025, reducing exposure to foreign exchange fluctuations and enhancing its liquidity position.
Detailed Financial Highlights:
| Indicator | Jan–Sept 2025 (₦’000) | Jan–Sept 2024 (₦’000) |
|---|---|---|
| Revenue | 884,536,899 | 665,289,761 |
| Cost of Sales | (557,661,594) | (458,977,837) |
| Gross Profit | 326,875,305 | 206,311,924 |
| Operating Profit | 181,343,663 | 110,843,852 |
| Finance Income | 1,785,024 | 2,930,478 |
| Finance Costs | (55,173,305) | (369,158,960) |
| Net Finance Costs | (53,388,282) | (366,228,482) |
| Profit/(Loss) Before Tax | 127,955,382 | (255,384,629) |
| Income Tax (Expense)/Credit | (55,473,301) | 71,113,867 |
| Profit/(Loss) for the Period | 72,482,081 | (184,270,762) |
CEO’s Reflection on Results
Mr. Wassim Elhusseini, Managing Director and CEO of Nestlé Nigeria PLC, highlighted that the results reflected the company’s sustainable return to profitability since the fourth quarter of 2024.
“The results for the nine months signify the sustainability of our return to profitability. The topline growth of 33% and profit after tax of N72.5 billion illustrate that our dedication to operational excellence and our strong fundamentals are producing the desired outcomes,” Elhusseini said.
Looking forward, he emphasized the company’s continued focus on margin management, business transformation, and investments in programs that create sustainable value for all stakeholders, including employees, consumers, communities, and partners across the value chain.
Outlook: Growth, Transformation, and Resilience
Analysts note that Nestlé Nigeria’s results underscore its resilience in a volatile operating environment, driven by disciplined financial management, innovative product strategies, and deep understanding of consumer preferences. The company’s strategic initiatives, including digital transformation, supply chain optimization, and sustainable practices, are expected to propel continued growth and market leadership in Nigeria’s competitive food and beverage sector.
The nine-month performance highlights Nestlé Nigeria’s commitment to sustainable profitability, positioning it well for long-term success and enabling it to navigate future challenges with agility and confidence.
Nestlé Nigeria reports strong nine-month 2025 results with 33% revenue growth and N72.5 billion profit after tax, signaling robust operational resilience and financial stability under CEO Wassim Elhusseini.
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