Nestlé Nigeria Plc has bounced back to profitability, recording a net profit of N72.5 billion for the first nine months of 2025. This is a sharp turnaround from the N184.3 billion loss posted during the same period in 2024.
The company’s revenue rose by 33 per cent year-on-year to N884.5 billion, supported by higher product prices and improved market demand. Despite a 21.5 per cent increase in the cost of sales to N557.7 billion, Nestlé’s gross margin strengthened to 37 per cent, up from 31 per cent last year.
A key driver of the recovery was a N20.8 billion foreign exchange gain, reversing the massive N285.3 billion FX loss recorded in 2024. This helped slash net finance costs from N366.2 billion to N53.4 billion, underscoring the positive impact of recent foreign exchange reforms and a more stable naira.
Nestlé’s profit before tax rose to N128 billion, compared to a loss of N255.4 billion a year earlier, while earnings per share (EPS) climbed to N91.44, reflecting renewed investor confidence.
For the third quarter alone, the food giant posted N21.9 billion in net income on N303.4 billion in revenue, though its profit margin eased slightly to 7.2 per cent, below the nine-month average of 8.2 per cent.
The company also reduced total borrowings from N653.7 billion to N521 billion, spending N259.2 billion on debt servicing and repayment.
With its balance sheet stronger and costs under control, analysts say Nestlé is firmly on track for a full-year rebound, supported by stable FX rates, steady demand, and disciplined management.
