…On a geographic basis, domestic revenue rose 29.3% y/y to N58.32 billion, underpinned by price-led growth, while export sales increased by 18.1% y/y to N934.19 million
SUN JAN 25 2026-theGBJournal| UNILEVER Nigeria Plc (UNILEVER), according to its Q4-25 unaudited results published on Friday, grew its revenue by 29.1% y/y in Q4-25 (2025FY: +43.6% y/y), reflecting higher prices alongside ongoing efficiency gains.
The consumer goods manufacturing giant also posted an EPS of N1.52 (+78.7% y/y), which lifted 2025FY EPS to N5.35 (+103.0% y/y).
The performance was driven by strong pricing-led revenue growth (+29.1% y/y) that significantly outpaced cost growth (+1.8% y/y), underpinning margin expansion, while a sharp increase in net finance income (+627.6% y/y) reinforced earnings resilience during the period.
Segmentally, Beauty & Wellbeing recorded the fastest growth (+89.3% y/y), accounting for 16.5% of group revenue, supported by product mix optimisation and premiumisation.
Personal Care followed with a robust 74.9% y/y increase, contributing 27.5% of revenue; while Food Products, despite remaining the largest revenue driver at 56.0%, posted a modest growth of 5.6% y/y, constrained by food disinflation and softer volume momentum in the domestic market.
On a geographic basis, domestic revenue rose 29.3% y/y to N58.32 billion, underpinned by price-led growth, while export sales increased by 18.1% y/y to N934.19 million, reflecting improved demand across regional markets.
Importantly, UNILEVER’s cost of sales increased marginally by 1.8% y/y in Q4-25 (2025FY: +32.5% y/y), driving a sharp expansion in gross margin by 15.21 ppts y/y to 43.3% (2025FY: 41.8%).
This margin uplift provided a strong base for EBITDA margin expansion of 10.84 ppts y/y to 24.5% in Q4-25, despite a significant acceleration in operating expenses (+131.5% y/y).
Specifically, marketing and administrative expenses surged by 180.5% y/y during the quarter, reflecting stepped-up brand investment and higher overhead costs.
Net finance income increased sharply to N2.20 billion from N302.45 million (+627.6% y/y), driven by strong finance income growth that more than offset higher funding costs.
Finance income rose 75.6% y/y, underpinned by a sharp increase in fixed deposits (+655.8% y/y) as higher average cash balances were actively deployed through treasury operations.
On the cost side, finance expenses climbed to N477.24 million from N88.24 million (+446.8% y/y), reflecting the elevated interest rate environment rather than a material increase in balance-sheet leverage, which remained modest.
As a result, profit before tax rose by 85.0% y/y in Q4-25 (FY-25: +128.7% y/y), with profit after tax rising by 78.7% y/y in Q4-25 (FY-2025: +103.0% y/y), despite a higher effective tax rate of 39.1% (FY-25: 40.7% | Q4-24: 37.0%).
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