Unilever Nigeria Plc has reported a revenue of N119.9 billion for the first half of 2026, marking a sustained growth trajectory in both revenue and profit. The company also declared an interim dividend of N0.50 per share, reflecting its strong financial performance.
Revenue and Profit Highlights
According to the company's financial statements filed with the Nigerian Exchange (NGX), revenue for the half-year ended June 30, 2026, rose by 22.5% compared to N97.8 billion recorded in the same period of 2025. Profit after tax increased significantly to N18.2 billion, up from N12.5 billion in H1 2025, representing a 45.6% growth.
The growth was driven by strong demand across key product categories, including home care, personal care, and foods. The company's strategic focus on innovation and cost optimization contributed to margin expansion.
Interim Dividend Declaration
The board of directors has approved an interim dividend of N0.50 per share, payable to shareholders on the register as of August 15, 2026. The dividend payment date is set for September 5, 2026. This marks the third consecutive year the company has declared an interim dividend.
Managing Director of Unilever Nigeria, Mr. Carl Cruz, commented: "Our performance in the first half reflects the resilience of our business model and the dedication of our team. We remain committed to delivering value to our shareholders while investing in sustainable growth."
Operational Efficiency and Market Position
The company reported a gross profit margin of 38.5%, up from 36.2% in H1 2025, attributed to improved supply chain efficiencies and favorable raw material costs. Operating profit grew by 40% to N24.5 billion, driven by revenue growth and cost discipline.
Unilever Nigeria continues to hold a leading position in the fast-moving consumer goods (FMCG) sector, with strong brand equity for products such as Omo, Lux, Knorr, and Lipton. The company's investment in digital transformation and route-to-market strategies has enhanced its distribution network.
Outlook for the Second Half
Looking ahead, management expects continued growth momentum, supported by new product launches and expansion into underserved markets. However, the company remains cautious about potential headwinds, including inflationary pressures and currency volatility.
Analysts at Lagos-based investment firm Meristem Securities noted: "Unilever Nigeria's strong half-year results demonstrate its ability to navigate a challenging macroeconomic environment. The dividend declaration is a positive signal for income-focused investors."
The company's share price has gained 12% year-to-date, outperforming the NGX Consumer Goods Index. Unilever Nigeria's market capitalization currently stands at approximately N480 billion.
