Yemisi Izuora
Nestlé Nigeria PLC has reported an accelerated profit and a substantial improvement in operating and financial performance for the first quarter of 2025, from January to March 2025.
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.
Within the period in review Nestlé Nigeria Plc saw a robust 61 per cent increase in revenue, totaling N294.9 billion compared to Q1 2024, while operating profit grew to N74.1 billion, a remarkable 254 per cent increase from N20.9 billion in Q1 2024.
The company’s profit before tax reached N51.2 billion, in contrast to the loss of – N196.1 billion in the same period in the prior year, with profit after tax amounted to N30.2 billion, compared to a loss of – N142.7 billion in Q1 2024.
The equity position improved by N30.0 billion and surplus from the revaluation of property, plant and equipment net of tax
-150,037,365
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% 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.