Nestlé Nigeria Plc has made a remarkable recovery, reversing a loss of N196 billion in the first quarter of 2024 to achieve a profit of N51 billion in the same period of 2025. The company’s turnover surged by 61%, reaching N294.9 billion, up from N183.48 billion in Q1 2024.
According to the company’s interim report, operating profit grew by an impressive 254%, climbing from N20.9 billion to N74.1 billion. Profit before tax reached N51.2 billion, marking a stark contrast to the loss of N196.1 billion recorded in the same period last year.
Net profit stood at N30.2 billion in Q1 2025, reversing the net loss of N142.7 billion from Q1 2024. A major factor contributing to this positive performance was a significant reduction in finance costs, which dropped from N217.08 billion in Q1 2024 to N22.99 billion in Q1 2025.
“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,” said Mr. Wassim Elhusseini, the Managing Director of Nestlé Nigeria.
Elhusseini explained that the strong results reflect the company’s ongoing commitment to operational excellence and its efforts to restore profitability, which began in the fourth quarter of 2024. He also stressed that the company will continue to focus on long-term value creation for its shareholders and stakeholders despite the challenges in the current business environment.
Article updated 2 days ago. Content is written and modified by multiple authors.
