UAC of Nigeria Plc reported a pre-tax profit of N6.05 billion in the second quarter of 2025, reflecting a modest 2.3% rise from the N5.91 billion recorded in the same period of 2024.
This growth pushed the company’s half-year pretax earnings to N11.09 billion, according to its latest financial results filed with the Nigerian Exchange (NGX).
The uptick in profitability was largely driven by robust top-line growth.
Though the cost of sales rose sharply, up 22.14% to N40.4 billion in Q2, gross profit still expanded by an impressive 45.57%, jumping to N13.9 billion.
However, the company faced rising overheads. Selling and distribution expenses jumped 40.26% to N3.6 billion, while administrative costs rose 24.30% to N5.2 billion.
Finance costs came in at N2.8 billion in Q2, but net profit still improved.
On the balance sheet, UAC maintained a solid position with total assets rising to N161.4 billion from N157.7 billion a year earlier. Retained earnings also grew, reaching N53.1 billion, up 13.49% year-on-year.
As of the close of trading on July 31, 2025, shares of UAC of Nigeria Plc were priced at N80.30, reflecting a year-to-date gain of 155%.