Nigeria · Delayed Price · Currency is NGN UAC of Nigeria Earnings Call Transcripts
Fiscal Year 2026
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Revenue, operating profit, and profit before tax more than tripled year-over-year, driven by the CHI acquisition and strong growth in food, beverage, and paints. Margin improvements, cash generation, and talent development remain key priorities amid mixed macro conditions.
Fiscal Year 2025
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Revenue surged 73% to NGN 340 billion, driven by the C.H.I. acquisition and strong core segment growth. Underlying profit before tax rose 68%, with Packaged Food & Beverages and paints as key contributors. Focus remains on integration, margin expansion, and cash generation.
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The acquisition of Chi Limited significantly expands scale and market leadership in Nigeria’s food and beverage sector, with a focus on margin improvement, deleveraging, and working capital optimization. Financing is transitioning from a hedged USD bridge loan to long-term naira debt, and management is prioritizing operational efficiency and value creation over further acquisitions.
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Revenue grew 33% year-over-year to NGN 110 billion, with operating profit up 90% and margins expanding. The acquisition of CHI Limited is fully financed and aligns with strategic growth, while segment performance was strong except for animal feeds, which faced margin pressure from commodity price declines.
Fiscal Year 2024
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Revenue grew 63% to NGN 197 billion and operating profit surged nearly 9x, driven by margin protection, product innovation, and operational efficiency amid high inflation and naira devaluation. All core segments grew except QSR, which declined due to store rationalization.
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Revenue grew 57% year-on-year to NGN 83 billion, with profit before tax at NGN 15 billion, driven by strong packaged foods, feeds, and paints segments. Gross margin expanded 600 bps to 20.5%, and new product launches and cost optimization supported growth despite inflation and FX headwinds.