• Super Admin
• 06 Mar, 2026

The company credits improved operations and tighter cost control despite inflation and currency volatility. Nestlé Nigeria Plc, the local subsidiary of the Swiss food giant Nestlé, returned to profit in 2025 after a difficult year marked by heavy losses. In a statement published on February 23, the company reported net profit of 104.9 billion naira ($75.4 million) for the fiscal year ending December 31, 2025. A year earlier, it had posted a net loss of 164.5 billion naira ($118.7 million). Company executives attributed the turnaround to stronger operational performance, supported by higher sales both in Nigeria and in export markets, as well as tighter cost management. The improvement came despite a challenging economic environment characterized by persistent inflation and currency volatility. Revenue for the year rose 26% to 1.207 trillion naira ($871.2 million), compared with 958.8 billion naira ($692 million) in 2024. Food products generated about 65% of total revenue. This segment includes well-known brands such as Maggi, Cerelac, and Lactogen. The remainder came from beverage sales, including Milo, Nescafé, and Nestlé Pure Life. Overall revenue growth helped offset the weight of operating costs, financing expenses, and taxes, which together totaled 934.7 billion naira ($674.6 million). Looking ahead to the 2026 fiscal year, Nestlé Nigeria says it plans to build on this momentum. Chief Executive Officer Wassim Elhusseini said the company will continue improving cost efficiency while investing in marketing to expand market share and strengthen its position. He added that Nestlé Nigeria will also maintain investments in long-term sustainability initiatives designed to create shared value for stakeholders. Source: https://www.ecofinagency.com/news-agriculture/0603-53543-nestle-nigeria-rebounds-to-profit-on-stronger-sales-and-cost-controls