Nestlé Nigeria PLC has reported a strong operating and financial performance in the first quarter ended 31 March 2026, delivering double-digit revenue growth and sustained improvement in profitability. Profit before tax rose to ₦73.8 billion, representing a 44% increase compared to
₦51.2 billion in the corresponding period of 2025.
Highlights: Jan - Mar 2026
Revenue increased by 11% to ₦326.1 billion in Q1 2026 from ₦294.9 billion in Q1 2025
Profit before tax rose to ₦73.8 billion, compared to ₦51.2 billion in Q1 2025
Profit after tax rose by 29% to ₦38.9 billion from ₦30.2 billion in Q1 2025
Total equity increased from ₦12.9 billion at the end of December 2025 to ₦51.6 billion at the end of March 2026.
Summary of the results: Jan - Mar 2026
Jan-Mar 2026 | Jan-Mar 2025 | |
₦'000 | ₦'000 | |
Revenue | 326,126,755 | 294,884,799 |
Cost of Sales | (194,068,808) | (175,163,228) |
Gross Profit | 132,057,947 | 119,721,571 |
Results from operating activities | 75,431,783 | 74,146,563 |
Finance income | 15,261,936 | 474,433 |
Finance costs | (16,922,810) | (23,466,215) |
Net finance costs | (1,660,874) | (22,991,782) |
Profit /(loss) before income tax | 73,770,909 | 51,154,781 |
Income tax (expense) /credit | (34,773,050) | (20,976,747) |
Profit /(loss) for the period | 38,997,859 | 30,178,034 |
Commenting on the results, Mr. Wassim Elhusseini, CEO/Managing Director of Nestlé Nigeria PLC, said: "Our Q1 2026 performance marks the sixth consecutive quarter of profitability since our return to profit in Q4 2024. The double-digit revenue growth of 11% and profit after tax of
₦38.9 billion reflect the discipline and focus behind our execution and the strength of our operating performance supported by the stability of Naira against the Dollar."
Looking ahead, he added: "We will continue to accelerate innovation and renovation to stay ahead of evolving consumer needs, strengthen margin management, cost and operational efficiencies across our value chain to fund growth. We will also continue to invest in community programmes that create shared and sustainable value for all stakeholders."
"We will leverage targeted marketing investments to deepen brand relevance, win market share, and strengthen our competitive position while remaining alert to macroeconomic and geopolitical dynamics."
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About Nestlé Nigeria:Nestlé Nigeria is one of Africa's largest food and beverage companies. For over 62 years, the company has
delivered high-quality, nutritious food and beverages under brands including MAGGI, MILO, GOLDEN
MORN, NESTLÉ PURE LIFE, CERELAC, NESCAFÉ, and NIDO.With three manufacturing sites, seven branch offices, and its head office in Lagos, the company continues to help improve livelihoods, build thriving communities, and protect the planet.
Editorial Contact:Victoria Uwadoka,
Corporate Communications, Public Affairs and Sustainability Lead, Nestlé Nigeria Email: Victoria.Uwadoka@ng.nestle.com
Telephone: +234 8052797392