Prosper Okoye
Nestlé Nigeria has returned to profit after two years of losses, helped by a more stable exchange rate and stronger sales.
The company reported a net profit of 105bn naira ($) for 2025, compared with a post-tax loss of 164.6bn naira the previous year, according to its audited results released on Wednesday.
The turnaround was largely driven by the absence of foreign exchange losses, which had weighed heavily on earnings in recent years. Currency translation losses fell from 290.7bn naira in 2024 to zero in 2025.
Join our WhatsApp ChannelNigeria’s currency traded more steadily during the year, opening at around 1,500 naira to the dollar and closing at 1,429, after sharp devaluations in the previous two years.
The improved currency environment helped cut the company’s finance costs by 85% and provided relief for import-dependent manufacturers.
Nestlé Nigeria, known for brands such as Milo, Maggi, Golden Morn and Nescafé, has also increased its use of local raw materials including sorghum, cassava, soya beans and spices to reduce pressure from foreign exchange volatility.
Revenue rose by 26% to 1.2tn naira, driven by stronger domestic demand, while exports to countries including Ghana, Ivory Coast, Burkina Faso and South Africa increased by nearly 56%.
Profit before tax stood at 166.8bn naira, compared with a loss of 221.6bn naira a year earlier.
Chief executive Wassim Elhussein said the performance had improved the company’s financial position, reducing negative retained earnings by more than half.
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He added that the firm would continue to focus on cost efficiency in anticipation of a more stable economic environment.
Despite the improved performance, total assets declined slightly by 1.5% to 846.2bn naira, reflecting lower prepayments and reduced investment in property and equipment.
Prosper Okoye is a Correspondent and Research Writer at Prime Business Africa, a Nigerian journalist with experience in development reporting, public affairs, and policy-focused storytelling across Africa
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