Nestlé Nigeria has reported an acceleration in profitable growth and a substantial improvement in operating and financial performance for the first quarter of 2025.
The company recorded a revenue of N294.9 billion, representing an improvement of 61 per cent from what it recorded in the comparable period of 2024 just as the company achieved a profit before tax of N51.2 billion, a significant turn-around from a loss of N196.1 billion in Q1 2024.
Operating profitt grew to N74.1 billion, a remarkable 254 per cent increase from N20.9 billion recorded in the same period of 2024, while profit after tax rose significantly to N30.2 billion, compared to a loss position of N142.7 billion in Q1 2024.
In his remarks on the results, Mr. Wassim Elhusseini, CEO/Managing Director of Nestlé Nigeria PLC, stated, “The results for Q1 2025 reflect our unwavering commitment to operational excellence and strong fundamentals, marking a successful continuation of our return to profitability initiated in Q4 2024. The robust topline growth of 61 per cent in Q1 2025 and profit after tax of N30.1 billion demonstrate that our focused efforts are yielding desired results led by a strong operating performance.”
Looking ahead, Mr. Elhusseini emphasized, “We will remain dedicated to driving innovation and renovation to meet evolving consumer needs, enhancing our margin management initiatives, and investing in community programs that deliver sustainable value to all our stakeholders.”
Nestlé Nigeria’s operating profit increased significantly from N20.9 billion in Jan-Mar 2024 to 74.1 billion in Jan-Mar 2025 alongside considerable improvement in operating margins. The Company’s profit before tax stood at N51.2 billion compared to a loss of N196.1 billion and profit after tax of N30.2 billion versus a loss of N -142.7 billion in the same period last year.
This result highlights Nestlé’s commitment to consistently delivering long-term value to its shareholders while effectively navigating the challenges of the current business environment.