Unilever Nigeria Plc has launched its audited {financial} outcomes for the 12 months ended December 31, 2024, reporting a complete income of N149.5 billion.
This represents a 43.94% enhance in comparison with the N103.8 billion reported the earlier 12 months, with home gross sales contributing considerably at N145.6 billion.
By way of product classes, diet and private care generated the majority of the income, with figures of N92.6 billion and N43.9 billion, respectively.
The corporate reported a pre-tax revenue of N22.6 billion for FY 2024, which is a slight enhance of three.46% from the N21.8 billion reported the earlier 12 months.
Moreover, Unilever introduced a remaining dividend of N1.25 kobo gross for every bizarre share of fifty kobo, topic to withholding tax and needed approvals.
This dividend might be paid to shareholders listed within the Register of Members as of the shut of enterprise on Friday, April 25, 2025.
Unilever Nigeria Plc reported a rise in full-year income in its audited {financial} report for 2024, posting N149.5 billion in comparison with N103.8 billion for the whole thing of 2023.
Nonetheless, the price of gross sales noticed a notable enhance of 36.05%, rising from N69.3 billion the earlier 12 months to N94.3 billion.
Regardless of the rising prices, the corporate reported a progress in gross revenue, which elevated by 59.80% year-over-year, from N34.5 billion to N55.1 billion.
Different earnings additionally took a success, declining to N621.9 million from N933.2 million within the prior 12 months.
Consequently, the corporate’s working revenue slipped from N20.2 billion within the earlier 12 months to N18.3 billion in FY 2024.
On a optimistic notice, finance earnings surged by 46.15%, reaching N6.8 billion, primarily as a consequence of name deposit and {bank account} curiosity, alongside web alternate beneficial properties on overseas forex translations.
In the end, Unilever achieved a modest pre-tax revenue enhance of three.46% year-over-year, amounting to N22.6 billion, in comparison with N21.8 billion in 2023.
Unilever Nigeria Plc’s complete property reached N141.6 billion, representing a 21.79% enhance from N116.3 billion reported the earlier 12 months. This progress highlights a stable growth within the firm’s asset base.
Whole fairness rose to N85.1 billion, up from N74.5 billion within the prior 12 months.
