Unilever Nigeria Plc has approved the payment of N18.67 billion as dividend to shareholders for the 2025 financial year following the company’s Annual General Meeting (AGM) held in Lagos on May 8, 2026.
The approval was announced in a statement signed by the company’s secretary, Peter Dada. Shareholders endorsed a final dividend payout of N3.25 per share, which will be paid after the deduction of withholding tax and other required statutory charges.
According to the company, only shareholders whose names appeared in the register of members at the close of business on April 10, 2026, will qualify for the dividend payment.
The company explained that the approved dividend would be deducted from the retained earnings recorded in its statement of comprehensive income for the 2025 financial year.
The dividend resolution was the major highlight of the AGM held at the Shell Hall of the Muson Centre in Onikan, Lagos. Shareholders gave their approval after reviewing and adopting the company’s audited financial statements for the year ended December 31, 2025.
The large payout reflects Unilever Nigeria’s improved financial position and stronger profitability during the year under review. The company posted major growth across key financial indicators, showing signs of sustained recovery and stronger market performance.
Aside from the dividend approval, shareholders also considered and approved several corporate governance decisions during the meeting.
Mr. Ibrahim Sodipe and Mr. Uchenna Nwakanma were elected as directors of the company, while Mr. Michael Ikpoki, Mr. Ben Langat, and Ms. Ngozi Edozien were re-elected after retiring by rotation.
Shareholders also approved N120 million as remuneration for the company’s non-executive directors for the 2026 financial year.
In addition, the company received approval to continue transactions with related parties during 2026. This includes the procurement of goods, services, and financing arrangements carried out on commercial terms.
Unilever Nigeria noted that the approval complies with its transfer pricing policy and aligns with Rule 20.8 of the Nigerian Exchange’s Issuers’ Rules.
The company’s financial results for 2025 showed strong growth compared to the previous year, supported by higher sales and improved operational efficiency despite inflationary pressures affecting the economy.
Gross profit rose by 62 percent to N90 billion, while turnover increased by 43 percent from N150 billion in 2024 to N214 billion in 2025.
Net profit also recorded a major jump, rising from N15 billion in 2024 to N32 billion in 2025, more than doubling within one year.
The impressive performance highlights stronger consumer demand for the company’s products and better management of operating costs.
The latest results also suggest that Unilever Nigeria is gradually strengthening its position in Nigeria’s competitive consumer goods market as companies continue to adjust to rising costs, inflation, and changing consumer spending patterns.
With the approved dividend and improved earnings, the company has further boosted investor confidence and reinforced its recovery momentum heading into the 2026 financial year.
