Unilever Nigeria delivers N184bn revenue, N26.4bn profit in Q3 2026
Unilever Nigeria Plc has released its unaudited financial statement for the nine-month period ended September 30, 2026, recording continued growth in revenue and profitability, underpinned by strong brand fundamentals, disciplined operations and route to market execution.
The Company recorded revenue of N184.0 billion, representing growth of 18per cent compared with N155.4 billion in the corresponding period of 2025.
Gross profit increased by 34per cent to N85.5 billion from N63.9 billion in the prior-year period, with gross margin improving to 46.4per cent from 41.2per cent.
Operating profit rose by 27per cent to N38.5 billion, while net profit increased by 20per cent to N26.4 billion, compared with N21.9 billion in the corresponding period of 2025.
Furthermore, the company’s Board has approved an interim dividend of N2.00k per ordinary share, subject to applicable withholding tax, payable to shareholders whose names appear on the Register of Members as at the close of business on October 30, 2026.
The total interim dividend payable amounts to N1.5billion, reflecting the company’s financial performance and continued commitment to delivering value to shareholders.
Commenting on the results, the Managing Director, Tobi Adeniyi, said, “Our performance in the first nine months of 2026 reflects the underlying strength and resilience of our business. While consumer demand came under increased pressure in the third quarter as household disposable incomes remained constrained, we stayed focused on delivering value, strengthening availability, executing relevant innovation and maintaining disciplined execution.
“This focus delivered consistent revenue growth, a 34per cent increase in gross profit, and 20per cent growth in net profit. We continue to build a more balanced portfolio through sharper choices, accessible innovation and targeted brand investment that strengthen consumer preference and support sustainable, profitable growth.”
He added: “We remain confident in the long-term potential of Nigeria and are committed to investing responsibly in our brands, operations and people. Our priority is to build on these strong fundamentals, strengthen performance across the portfolio and create enduring value for consumers, customers, shareholders and our wider stakeholder community as we work to Brighten Everyday Life for All Nigerians.”
