Unilever Nigeria attributes growth to operational resilience

The Chairman of Unilever Nigeria Plc, Bolaji Balogun, has attributed the growth of the company in the 2025 financial year to operational resilience.

This followed the shareholders’ approval of dividends at the company’s Annual General Meeting held in Lagos on Friday, 15 May 2026.

During the AGM, Balogun revealed that each shareholder would receive a final dividend of N3.25 per share, in addition to the interim dividend of 50 kobo per share received earlier in the year.

Consequently, the total dividend payout per share for the 2025 financial year amounted to N3.75.

Financial results indicated that the company achieved a turnover of N214.30bn for the financial year, a significant increase from the N149.52bn reported in the corresponding period of 2024. Profit for the year also grew over twofold, reaching N32.20bn, up from N15.14bn in 2024.

The chairman noted that the results were driven by capacity-expansion investments across various categories, in line with the company’s long-term goals. He described the dividend payment as a reflection of the company’s progressive policy of rewarding shareholders while committing to a long-term strategy of continued investment in sustainable growth.

Speaking on the results, the Managing Director, Unilever Nigeria Plc, Tobi Adeniyi, described the company’s performance as a habit built on the daily execution of its operations by leveraging its power brands to ensure differentiation in the marketplace.

“This performance was driven by a strategic focus on high-growth categories and power brands, supported by sharper choices, simplified ways of working, and a stronger innovation pipeline,” Adeniyi added.

In his remarks, the Finance Director, Unilever Nigeria Plc, Ibrahim Sodipe, stated that the company’s performance over the past five years had been consistent, leading to volume growth driven by innovation and operational efficiency, which ultimately resulted in improved shareholder returns.

A shareholder who spoke at the meeting, Kolawole Durojaiye, lauded the entire management team for the discipline demonstrated in running corporate operations, noting that it had led to improved revenue, profitability, and increased dividend payments.