Nestlé Nigeria Plc has announced a strong financial turnaround, reporting ₦294.9 billion in first-quarter revenue for 2025 – a 61% increase from the ₦183.5 billion recorded in the same period last year. The company’s unaudited results, filed with the Nigerian Exchange Limited, show a dramatic recovery from its 2024 performance, with profit after tax reaching ₦30.2 billion compared to a ₦142.7 billion loss in Q1 2024.
The food and beverage giant saw operating profit surge 254% to ₦74.1 billion, while profit before tax stood at ₦51.2 billion, reversing last year’s ₦196.1 billion loss. The company’s equity position also improved by ₦30 billion during the quarter.
Chief Executive Officer Wassim Elhusseini credited the strong performance to the company’s focus on operational excellence. “These results confirm our return to profitability that began in Q4 2024,” Elhusseini said. “Our 61% revenue growth and ₦30.1 billion profit demonstrate that our strategies are working.”
Looking ahead, Nestlé Nigeria plans to maintain momentum through product innovation, improved margin management, and strategic community investments. The Q1 results mark a significant recovery for the company after a challenging 2024, positioning it for continued growth in Nigeria’s competitive consumer goods market.
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