Manny Ita –
Bolaji Balogun, Chairman of Unilever Nigeria, says the company’s strong performance in the 2025 financial year was driven by operational resilience and sustained investments across key product categories.
Speaking during the company’s 101st Annual General Meeting held at the Muson Centre in Lagos, Balogun announced that shareholders approved a final dividend payout of N3.25 per share. Combined with the interim dividend of 50 kobo earlier declared, total dividend distribution for the 2025 financial year stands at N3.75 per share.
The company recorded a turnover of N214.3 billion in 2025, up from N149.52 billion in 2024, while profit after tax more than doubled to N32.2 billion from N15.14 billion recorded the previous year.
Balogun attributed the growth to the company’s long-term expansion strategy, including investments aimed at strengthening production capacity and operational efficiency. He added that the dividend payout reflects Unilever Nigeria’s commitment to rewarding shareholders while maintaining investments for future growth.
Managing Director Tobi Adeniyi described the performance as the result of consistent execution, innovation, and stronger positioning of the company’s leading brands in the market.
According to Adeniyi, Unilever Nigeria focused on high-growth product categories, simplified operations, and expanded its innovation pipeline to improve competitiveness and drive revenue growth.
Finance Director Ibrahim Sodipe also noted that the company’s steady performance over the past five years has improved sales volumes, operational efficiency, and shareholder returns.
Shareholders at the AGM commended the management team for maintaining financial discipline and delivering stronger profitability and improved dividend payouts despite economic pressures.
