Nigeria · Delayed Price · Currency is NGN UAC of Nigeria Earnings Call Transcripts
Fiscal Year 2026
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Revenue and profit more than tripled year-over-year, driven by the CHI acquisition and strong food, beverage, and paints performance. Free cash flow surged, margins improved, and net debt was reduced, despite Q2 macro headwinds impacting sequential growth.
Fiscal Year 2025
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Revenue surged 73% to NGN 340 billion, driven by the C.H.I. acquisition and strong packaged food, beverages, and paints performance. Underlying profit before tax rose 68%, and free cash flow improved sevenfold. Focus remains on integration, margin expansion, and cash generation.
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The acquisition of Chi Limited significantly expands scale and market presence, with a focus on margin improvement, working capital optimization, and deleveraging. Integration is progressing smoothly, with no major management changes planned. Margin recovery, local sourcing, and asset disposals are key priorities, while dividend growth is expected as profitability rises.
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Revenue grew 33% to NGN 110 billion and operating profit rose 90% year-over-year, driven by strong performance in packaged foods, beverages, and paints. The group announced the fully financed acquisition of CHI Limited, with integration and further growth expected post-regulatory approval.
Fiscal Year 2024
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Revenue surged 63% year-on-year to NGN 197 billion, with operating profit up nearly 9x and strong margin protection despite inflation and naira devaluation. All core segments grew except QSR, which declined due to store rationalization and inflation.
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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 performance in packaged foods, feeds, and paints. Margin expansion was achieved through pricing, cost optimization, and new product launches, despite inflation and currency headwinds.