NESTLE NIGERIA : PRESS RELEASE ON Q1 2025 RESULTS

About this update from Nestle Nigeria Plc

[{"type":"text","content":"\n \n Nestlé Nigeria PLC Reports Significant Growth and Improved Financial Performance for Q1 2025\n \n \n \n Nestlé Nigeria PLC has reported an acceleration in profitable growth and a substantial improvement in operating and financial performance for the first quarter of 2025. The company achieved a profit before tax of N51.2 billion, a significant turn-around from a loss of -N196.1 billion in Q1 2024.\n \n \n Highlights (January to March 2025):\n Revenue Growth: Nestlé Nigeria PLC saw a robust 61% increase in revenue, totaling N294.9 billion compared to Q1 2024.\n Operating Profit: The operating profit grew to N74.1 billion, a remarkable 254% increase from N20.9 billion in Q1 2024.\n Profit Before Tax: The profit before tax reached N51.2 billion, in contrast to the loss of - N196.1 billion in the same period in the prior year.\n Profit After Tax: The profit after tax amounted to N30.2 billion, compared to a loss of\n - N142.7 billion in Q1 2024.\n \n \n Equity Position: The equity position improved by N30.0 billion.\n Summary of the results: Jan-Mar 2025\n \n Jan-Mar 2025\n \n \n Jan-Mar 2024\n \n \n Revenue\n \n \n 294,884,799\n \n \n 183,484,159\n \n \n Cost of Sales\n \n \n (175,163,228)\n \n \n (134,415,401)\n \n \n Gross Profit\n \n \n 119,721,571\n \n \n 49,068,758\n \n \n Results from operating activities\n \n \n 74,146,564\n \n \n 20,921,710\n \n \n Finance income\n \n \n 474,433\n \n \n 1,760,814\n \n \n Finance costs\n \n \n (23,466,215)\n \n \n (218,768,480)\n \n \n Net finance costs\n \n \n (22,991,782)\n \n \n (217,007,666)\n \n \n Profit /(loss) before income tax\n \n \n 51,154,783\n \n \n (196,085,956)\n \n \n Income tax (expense)/credit\n \n \n (20,976,748)\n \n \n 53,401,549\n \n \n Profit /(loss) for the period\n \n \n 30,178,035\n \n \n (142,684,407)\n \n \n Surplus from the revaluation of property, plant and\n \n \n equipment net of tax\n \n \n -\n \n \n 150,037,365\n \n \n Total Comprehensive Profit /(loss) for the period\n \n \n 30,178,035\n \n \n 7,352,958\n \n In his remarks on the results, Mr. Wassim Elhusseini, CEO/Managing Director of Nestlé Nigeria PLC, stated, \"The results for Q1 2025 reflect our unwavering commitment to operational excellence and strong fundamentals, marking a successful continuation of our return to profitability initiated in Q4 2024. The robust topline growth of 61% in Q1 2025 ...

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