Unilever Nigeria Income Statement

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	214,302	149,523	103,880	68,637	70,524
Revenue Growth (YoY)	43.32%	43.94%	51.35%	-2.67%	35.07%
Cost of Revenue	124,777	94,374	69,368	42,037	50,162
Gross Profit	89,525	55,149	34,512	26,601	20,362
Selling, General & Admin	49,675	35,982	18,762	17,878	18,473
Other Operating Expenses	-1,022	-621.92	-933.27	-77.9	-37.35
Operating Expenses	47,559	37,015	14,402	18,241	18,499
Operating Income	41,966	18,134	20,110	8,360	1,863
Interest Expense	-246.93	-2,315	-2,893	-694.7	-63.23
Interest & Investment Income	10,337	3,391	3,794	1,422	590.61
Currency Exchange Gain (Loss)	-329.11	3,440	880.39	-363.17	436.6
Other Non Operating Income (Expenses)	-	-	-	-	-766.27
EBT Excluding Unusual Items	51,727	22,650	21,892	8,723	2,061
Asset Writedown	-	-	-	-	-0
Pretax Income	51,727	22,650	21,892	8,723	2,061
Income Tax Expense	19,528	7,506	5,477	3,345	1,373
Earnings From Continuing Operations	32,199	15,143	16,414	5,379	688.27
Earnings From Discontinued Operations	-	-	-7,975	-911.43	2,721
Net Income	32,199	15,143	8,440	4,467	3,409
Net Income to Common	32,199	15,143	8,440	4,467	3,409
Net Income Growth	112.63%	79.42%	88.94%	31.03%	-
Shares Outstanding (Basic)	5,745	5,745	5,745	5,745	5,745
Shares Outstanding (Diluted)	5,745	5,745	5,745	5,745	5,745
EPS (Basic)	5.60	2.64	1.47	0.78	0.59
EPS (Diluted)	5.60	2.64	1.47	0.78	0.59
EPS Growth	112.45%	79.42%	88.94%	31.03%	-
Free Cash Flow	40,800	8,883	-6,180	10,465	18,467
Free Cash Flow Per Share	7.10	1.55	-1.08	1.82	3.21
Dividend Per Share	3.750	1.250	0.750	0.250	0.500
Dividend Growth	200.00%	66.67%	200.00%	-50.00%	-
Gross Margin	41.77%	36.88%	33.22%	38.76%	28.87%
Operating Margin	19.58%	12.13%	19.36%	12.18%	2.64%
Profit Margin	15.02%	10.13%	8.13%	6.51%	4.83%
Free Cash Flow Margin	19.04%	5.94%	-5.95%	15.25%	26.19%
EBITDA	44,725	20,550	22,921	10,780	5,148
EBITDA Margin	20.87%	13.74%	22.07%	15.71%	7.30%
D&A For EBITDA	2,759	2,416	2,810	2,420	3,285
EBIT	41,966	18,134	20,110	8,360	1,863
EBIT Margin	19.58%	12.13%	19.36%	12.18%	2.64%
Effective Tax Rate	37.75%	33.14%	25.02%	38.34%	66.60%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.