Nestlé Nigeria Plc prolonged its rebound streak for a 3rd straight quarter, posting a web revenue of N50.6 billion within the first half of 2025, a pointy reversal from a N176.6 billion loss a yr earlier, because the meals large capitalised on rising gross sales and a extra steady macroeconomic backdrop.
Income surged 43 p.c year-on-year to N581.1 billion, pushed by resilient shopper demand and worth changes, the corporate stated in an unaudited monetary assertion launched Tuesday.
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Working revenue greater than doubled to N130.4 billion, whereas revenue earlier than tax climbed to N88.4 billion, swinging from a N252.5 billion pre-tax loss in the identical interval of 2024.
The outcomes mark a continuation of Nestlé’s restoration that started within the remaining quarter of final yr, after the corporate was battered by international trade losses stemming from the naira’s devaluation and broader macro instability.
“The strong topline progress of 43% and revenue after tax of N50.6 billion in H1 2025 assist our return to profitability,” stated CEO Wassim Elhusseini. “This efficiency displays our unwavering dedication to operational excellence… and the dedication of our staff to drive sustainable progress within the face of evolving challenges.”
Nestlé additionally reported an fairness enchancment of N50.6 billion, aided by an early reimbursement of a $20 million inter-group international foreign money mortgage within the second quarter—a transfer analysts say possible helped cut back FX-related dangers in a still-volatile financial surroundings.
The corporate, identified for manufacturers resembling Milo and Maggi, has been underneath strain to navigate rising enter prices, shifting shopper preferences, and Nigeria’s fragile restoration from a foreign money disaster that greater than halved the naira’s worth final yr.
Nonetheless, Nestlé’s newest outcomes recommend rising resilience. Its margin enchancment and price self-discipline are anticipated to assist maintain earnings momentum by means of the second half, barring additional macro shocks.
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Trying forward, Elhusseini stated Nestlé will keep its concentrate on “margin administration” and innovation whereas persevering with investments in group packages that “create sustainable worth” for stakeholders.
Nestlé shares closed at N1,890 on Tuesday. The share worth has gained 30 p.c in current weeks, rising 115 p.c year-to-date, outpacing the patron items index on the Nigerian Trade, as buyers wager on improved earnings stability after final yr’s rout.
