Unilever Nigeria’s Stunning Turnaround: ₦110 Billion Cash and a 119% Stock Surge
Unilever Nigeria Plc has seen a dramatic financial turnaround in recent years. After reporting losses five years ago, the company now holds a cash reserve of over ₦110 billion. Its share price has also surged, rising by 119% in 2025 alone.
In 2020, Unilever Nigeria Plc ended the year with a loss of nearly ₦4 billion. Rising costs and a difficult economic climate weighed heavily on performance at the time.
By 2025, the company’s fortunes had shifted. It recorded an operating profit of ₦42.7 billion, with a margin of 19.87%. Total profit for the year reached ₦30.7 billion—more than the combined earnings of the previous five years. The company also generated ₦47 billion in operating cash flow and ₦42 billion in free cash flow. Interest income from bank deposits alone exceeded ₦10 billion, while finance costs remained low at ₦1.2 billion. Over the past five years, accumulated profits have topped ₦27 billion. Despite this growth, the stock’s PEG ratio stands at just 0.11, suggesting it may still be undervalued. Share performance reflects investor confidence, with gains of 119% in 2025 and over 6% in early 2026.
Unilever Nigeria Plc has strengthened its financial position significantly since 2020. With minimal debt, strong cash reserves, and consistent dividend payments, the company appears well-placed for future stability. The sharp rise in share price further highlights its recovery and growth.
