Nestlé Nigeria Plc has delivered a strong turnaround in its Q2 2025 financial results, posting a pretax profit of N37.2 billion, a sharp rebound from the N56.4 billion loss recorded in the same period last year.
The recovery momentum extends across the half-year, with pretax profit reaching N88.3 billion, a remarkable comeback from the N252.5 billion loss reported in H1 2024.
This impressive performance was driven largely by a sharp drop in finance costs and a solid boost in revenue.
In Q2 alone, revenue surged 28.08% year-on-year to N286.2 billion, compared to N223.4 billion in Q2 2024. For the half-year, total revenue climbed to N581.1 billion, representing a 42.79% increase.
Nevertheless, the cost of sales also rose in tandem with the sales growth, reaching N181 billion in Q2, up 24.61% from N145.2 billion a year earlier.
Marketing and distribution expenses spiked to N38.8 billion, from N31.2 billion in Q2 2024.
Perhaps the most striking development was the dramatic cut in finance costs, which dropped from N99.3 billion to just N19.7 billion in Q2, significantly aiding the recovery.
Nestlé also reported a 4.78% increase in total assets, now standing at N899.7 billion.
Giving insights on the company’s outlook, Mr. Wassim Elhusseini, CEO of Nestlé Nigeria, stated:
“We will continue to focus on improving our margin management while driving innovation and renovation to meet changing consumer needs. We will also maintain our investment in community programs that create sustainable value for our stakeholders.”
As of the close of trading on July 30, 2025, shares of the company were priced at N1,890, reflecting a year-to-date performance of +116%.