Positive H1 2025 Financial Performance: The company has reported a strong performance for the first half of 2025, which marks a significant turnaround. Revenue increased by 43% to ₦581.1 billion, and the company posted a profit after tax of ₦50.6 billion, reversing a substantial loss from the same period in 2024. This return to profitability is a major news item.
Source: https://punchng.com/nestle-nigeria-reports-n50-6bn-profit/
Community and Social Initiatives: In early September 2025, Nestle Waters launched the Water Quality Advocacy campaign in collaboration with the Organised Private Sector in Water, Sanitation, and Hygiene (OPS-WASH). The initiative aims to raise national awareness about the importance of water safety and quality across Nigeria.
Source: https://www.thisdaylive.com/2025/09/10/water-safety-in-focus-with-nestle-water-quality-advocacy-campaign/
Projection for FY 2025: Following its strong half-year performance, market analysts project Nestle Nigeria to post a full-year profit of ₦119 billion for the first time since 2022. This is based on the company's robust operational performance and improved financial metrics.
Source: https://businessday.ng/companies/article/nestle-projected-to-post-n119bn-in-first-fy-profit-since-2022/
The company's financial health is under pressure, primarily due to accumulated losses from previous years. As of June 30, 2025, the company has a negative total equity of -₦41.7 billion, with a debt-to-equity ratio of -1,387.9%. However, its debt is well-covered by operating cash flow, indicating strong operational performance despite its negative equity position.
Source: https://simplywall.st/stocks/ng/food-beverage-tobacco/ngse-nestle/nestle-nigeria-shares/health
In H1 2025, the company's operating profit increased by 106% to ₦130.4 billion. This impressive growth was driven by a robust 43% increase in revenue, signaling an improvement in operational efficiency.
Source: https://punchng.com/nestle-nigeria-reports-n50-6bn-profit/
A key factor in the company's H1 2025 turnaround was a sharp decrease in net finance costs, which dropped to ₦42 billion from ₦315.6 billion in the prior period. The company also made an early payment of $20 million of inter-group forex debt in Q2 2025, which has helped to significantly reduce finance costs.
Source: https://doclib.ngxgroup.com/Financial_NewsDocs/44691_NESTLE_NIGERIA_PLC.-PRESS_RELEASE_ON_HALF_YEAR_2025_RESULTS_OF_NESTLE_NIGERIA__CORPORATE_ACTIONS_JULY_2025.pdf
Financial analysts have a "Neutral" consensus rating on the stock. They project the company to post a full-year profit of ₦92.7 billion for 2025 and an EPS of ₦117.0. This positive forecast is based on the expectation that devaluation-induced foreign exchange losses, which heavily impacted the company in 2023 and 2024, will be minimal in 2025.
Source: https://research.cardinalstone.com/storage/ResearchReports/Cardinalstone%20Research%20-%20Company%20Update%20-%20Nestle%20Nigeria%20Plc%20-%2022%20April%202025.pdf