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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Unilever Nigeria

UNILEVER · Nigerian Exchange · Company statements

On this page
Company details
Legal name
Unilever Nigeria Plc
Listing
UNILEVER on the Nigerian Exchange, active · ISIN NGUNILEVER07 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

  • Revenue

    NGN 214 billion

    214,302,154 NGN thousands · p54

    +43.3% vs 2024

  • Operating profit / (loss)

    NGN 42.2 billion

    42,207,488 NGN thousands · p54

    +129.9% vs 2024

  • Profit / (loss) for the year

    NGN 32.2 billion

    32,198,916 NGN thousands · p54

    +112.6% vs 2024

  • Total assets

    NGN 180 billion

    180,179,325 NGN thousands · p55

    +27.2% vs 2024

  • Total equity

    NGN 107 billion

    107,456,111 NGN thousands · p55

    +26.3% vs 2024

  • Cash from operations

    NGN 45.9 billion

    45,897,783 NGN thousands · p57

    +207.5% vs 2024

Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Revenue 214,302,154 149,522,596
Cost of sales (124,776,824) (94,373,870)
Gross profit 89,525,330 55,148,726
Selling and distribution expenses (6,673,326) (6,203,078)
Marketing and administrative expenses1 (42,760,191) (29,551,570)
Impairment reversals/(loss) on trade & other receivables 1,093,899 (1,655,228)
Other income 1,021,776 621,918
Operating profit 42,207,488 18,360,768
Finance income 10,336,539 6,830,932
Finance cost (817,195) (2,542,147)
Net finance income2 9,519,344 4,288,785
Profit before taxation 51,726,832 22,649,553
Income tax expense (19,527,916) (7,506,399)
Profit for the year 32,198,916 15,143,154
Remeasurement of post-employment benefit obligations3 305,782 (354,363)
Related tax4 (100,908) 116,940
Other comprehensive profit/(loss), net of tax 204,874 (237,423)
Total comprehensive income 32,403,790 14,905,731
Notes and alternative reported figures (4)
  1. “Marketing and administrative expenses”: mapping to a shared definition is uncertain. Marketing and administrative expenses printed as one line.
  2. “Net finance income” is an issuer-specific line, not mapped to a shared definition: Printed subtotal: finance income less finance cost.
  3. “Remeasurement of post-employment benefit obligations” is an issuer-specific line, not mapped to a shared definition: OCI not reclassified (note 25(vi)).
  4. “Related tax” is an issuer-specific line, not mapped to a shared definition: Tax on the OCI remeasurement (note 12(ii)).

Balance sheet

Balance sheet, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Property, plant and equipment 24,409,921 22,376,768
Investment property 175,923 192,530
Intangible assets 1,926 2,311
Other financial assets1 1,205,842 1,569,634
Retirement benefit surplus2 137,826 55,084
Prepayment3 1,397,125 1,176,111
Non-current assets (unlabelled subtotal) 27,328,563 25,372,438
Inventories 23,100,479 30,799,580
Trade and other receivables 10,498,929 7,786,361
Advance and prepayments4 8,225,957 9,198,499
Cash and cash equivalents 110,751,561 68,439,134
Other financial assets1 273,836 50,684
Current assets (unlabelled subtotal) 152,850,762 116,274,258
Total assets 180,179,325 141,646,696
Current tax liabilities 20,233,664 10,640,990
Trade and other payables 47,619,514 39,989,652
Deferred income5 423,561 217,033
Current liabilities (unlabelled subtotal) 68,276,739 50,847,675
Loans and borrowings 2,169,011 2,830,268
Unfunded retirement benefit obligations6 731,341 877,350
Long service award obligations7 1,109,693 613,393
Deferred income5 –8 216,056
Deferred tax liabilities 354,046 942,864
Lease liabilities 82,374 213,010
Non-current liabilities (unlabelled subtotal) 4,446,465 5,692,941
Total liabilities 72,723,204 56,540,616
Ordinary share capital 2,872,503 2,872,503
Share premium 56,812,810 56,812,810
Retained earnings 47,770,798 25,420,767
Total equity 107,456,111 85,106,080
Total equity and liabilities 180,179,315 141,646,696
  1. Printed “—”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
Notes and alternative reported figures (7)
  1. “Other financial assets” is an issuer-specific line, not mapped to a shared definition: Note 15.
  2. “Retirement benefit surplus” is an issuer-specific line, not mapped to a shared definition: Note 25(v); non-current.
  3. “Prepayment” is an issuer-specific line, not mapped to a shared definition: Note 19.
  4. “Advance and prepayments” is an issuer-specific line, not mapped to a shared definition: Note 19; current.
  5. “Deferred income” is an issuer-specific line, not mapped to a shared definition: Note 22.
  6. “Unfunded retirement benefit obligations” is an issuer-specific line, not mapped to a shared definition: Note 25(iv); non-current.
  7. “Long service award obligations” is an issuer-specific line, not mapped to a shared definition: Note 25(iv); non-current.

Cash flow

Cash flow, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Cash generated from operations 56,298,595 16,520,466
Retirement benefits paid1 (51,532) (29,365)
Long service award obligations paid2 (23,885) (54,314)
Tax paid (10,325,395) (1,508,911)
Net cash flow generated from operating activities 45,897,783 14,927,876
Interest received 10,148,791 3,283,215
Purchase of property, plant and equipment (5,098,230) (6,044,392)
Proceeds from disposal of property, plant and equipment 99,269 98,509
Increase/(Decrease)in other financial assets3 140,640 (380,262)
Cash received from finance lease4 50,684 44,460
Net cash flow generated from/(used in) investing activities 5,341,154 (2,998,470)
Lease interest (24,231) (22,686)
Lease principal payment (161,434) (127,569)
Interest payment on trade obligations with banks5 (222,697) (2,292,323)
Contribution to defined benefit asset6 –7 (427,600)
Dividend paid (9,064,848) (4,308,754)
Net cash flow (used) in financing activities (9,473,210) (7,178,932)
Net movement in cash and cash equivalents 41,765,727 4,750,474
Cash and cash equivalents at the beginning of the year 68,439,134 56,698,640
Effect of movement in exchange rate on cash and cash equivalents held 546,700 6,990,020
Cash and cash equivalents at the end of the year 110,751,561 68,439,134
  1. Printed “—”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (6)
  1. “Retirement benefits paid” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 25(iv)).
  2. “Long service award obligations paid” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 25(iv)).
  3. “Increase/(Decrease)in other financial assets” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 15).
  4. “Cash received from finance lease” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 15.1).
  5. “Interest payment on trade obligations with banks”: mapping to a shared definition is uncertain. Interest on trade obligations with banks, printed under financing activities.
  6. “Contribution to defined benefit asset” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 25(v)).

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Earnings / (loss) per share (per share)1 5.60 2.64
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic and diluted earnings per share (Naira)”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Dividend paid (9,064,848) NGN thousands Annual report, p57
31 Dec 2024 Dividends paid (cash flow statement) Dividend paid (4,308,754) NGN thousands Annual report, p57

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Unilever Nigeria Plc Annual report and financial statements 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: Forvis Mazars, unmodified opinion · signed

    Auditor's sign-off: Adams Osamudiame, FCA, FRC/2021/004/00000023940, for Forvis Mazars

    Final status: Independent auditor's report to the members of Unilever Nigeria Plc (opinion PDF p50, scanned) signed (handwritten) by Adams Osamudiame, FCA (FRC/2021/004/00000023940) for Forvis Mazars, Lagos, dated 23 March 2026, with the ICAN seal (PDF p53, page image). Statements approved by the board on 18th March 2026 and signed (handwritten) by the chairman, the managing director and the finance director (PDF p55, page image).

    Document date
    23 Mar 2026
    Auditor's report
    23 Mar 2026
    Board approval
    18 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    company statements · NGN thousands (printed “₦'000”)
    • Statement of financial position (p55): total equity and liabilities is printed 180,179,315 against total assets 180,179,325 for 2025 (a difference of 10 thousand); total liabilities 72,723,204 plus total equity 107,456,111 equals the printed 180,179,315. Confirmed on the page image; both kept as printed.
    • No subtotal labels for non-current assets, current assets, current liabilities or non-current liabilities are printed (p55); those subtotals are read by position after the last line of each section.
    • The auditor's report (pp50-53) and the ICFR attestation report (pp48-49) are scanned pages with no text layer; the opinion, signature and date were read on the page renders.
    Technical details
    File
    116 pages, with a text layer
    SHA-256
    c2351cdf821c54d52798a673605070eba17a56c388ce2978a7d52ec5782142ee
    Entity as printed
    Unilever Nigeria Plc ("the Company")
    Exchange copy
    retrieved 2026-10-08T17:55:52Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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