H1 2026: Unilever Nigeria Delivers N119.9bn Revenue, Declares Interim Dividend.

Unilever Nigeria Plc announced a robust financial performance for the first half of 2026, with revenue reaching N119.9 billion. This figure represents a significant 22 percent growth compared to the N98.1 billion recorded in the same period of 2025. The company also reported a gross profit of N54.7 billion, marking a 30 percent increase from N42.1 billion in the prior year, and a net profit of N15.6 billion.

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We delivered a strong first half in a challenging operating environment, marked by geopolitical volatility, rising input costs and pressure on consumer spending.

In line with its financial success, the company's Board has approved an interim dividend of N2.00k per ordinary share. This dividend, subject to withholding tax, will be distributed to shareholders on the register as of July 31, 2026, amounting to a total payout of N11.5 billion. This reflects Unilever Nigeria's commitment to delivering value to its shareholders.

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Revenue grew by 22 per cent, gross profit expanded by 30per cent, and gross margin improved to 45.6 per cent, underpinned by strong brand fundamentals, disciplined operations and our route to market execution.

Managing Director Tobi Adeniyi attributed the strong performance to a focus on consumer needs, efficient distribution, impactful innovations, and disciplined execution. He noted that despite geopolitical volatility, rising input costs, and pressure on consumer spending, the company achieved revenue growth of 22 percent and gross profit expansion of 30 percent. The gross margin improved to 45.6 percent, underpinned by strong brand fundamentals and operational discipline.

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The growth recorded across our portfolio reinforces our focus on serving Nigerian consumers with brands that are relevant, innovative and unmissably superior.

Adeniyi expressed confidence in Nigeria's long-term potential, emphasizing Unilever Nigeria's century-long investment in local manufacturing, talent development, and value creation. He stated the company remains optimistic about future opportunities and will continue to invest responsibly in its operations, brands, and people. Looking ahead, the focus remains on winning with consumers, driving sustainable profitable growth, and building a future-fit business.

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For more than 100 years, Unilever Nigeria has invested in local manufacturing, talent development and value creation across our ecosystem. We remain optimistic about the opportunities ahead and will continue to invest responsibly in our operations, our brands and our people as we work to Brighten Everyday Life for All Nigerians.