Manny Ita –
Nestlé Nigeria Nestlé Nigeria recorded a net profit of ₦105 billion in 2025, bouncing back from a post-tax loss of ₦164.6 billion in 2024, largely aided by a relatively stable dollar-to-naira exchange rate. The improvement ended two consecutive years of loss-making, during which shareholder funds had turned negative.
The company’s audited accounts showed that foreign currency translation losses, which stood at ₦290.7 billion in 2024, fell to zero in the year under review, helping the manufacturer of Milo, Maggi, Golden Morn, and Nescafé reduce net finance costs by approximately 85 percent. The naira opened the year at 1,500 per dollar and closed at 1,429, providing a more predictable environment compared to the previous two years, which were marked by steep devaluations.
To navigate past exchange rate volatility, Nestlé Nigeria has increasingly relied on local sourcing of sorghum, cassava, soya beans, and spices to reduce dependence on imported raw materials. The company also reported a 26 percent rise in revenue to ₦1.2 trillion, supported by improved domestic sales, while exports to Ghana, Ivory Coast, Burkina Faso, and South Africa rose by 55.9 percent, contributing ₦10.2 billion to turnover.
“This improved performance has positively impacted our equity position. Negative retained earnings from the previous period declined by 53.6 percent, from ₦243.2 billion in 2024 to ₦112.8 billion in 2025,” CEO Wassim Elhussein stated. He added, “In the year ahead, we will keep driving cost efficiencies to support our growth in what we expect will be a more stable economic environment.”
Profit before tax stood at ₦166.8 billion, compared to a pre-tax loss of ₦221.6 billion a year earlier. Total assets fell 1.5 percent to ₦846.2 billion, reflecting declines in prepayments and property, plant, and equipment.
The return to profitability highlights the impact of exchange rate stability, improved operational efficiencies, and strategic local sourcing, demonstrating Nestlé Nigeria’s resilience in a challenging macroeconomic environment and its ability to recover from multi-year losses.
