FrieslandCampina WAMCO Nigeria Plc has announced a major financial recovery for the 2025 business year, reporting a sharp increase in profits despite the difficult economic conditions in the country.
At the company’s 53rd Annual General Meeting held in Lagos, the management revealed that profit before tax rose by 566 percent to N32.7 billion for the financial year ended December 31, 2025. This is a huge improvement compared to the N4.9 billion recorded in 2024.
The dairy company also recorded strong revenue growth during the year. Revenue increased by 25 percent from N493.6 billion in 2024 to N615.9 billion in 2025. According to the company, the increase was driven by higher product sales, strategic pricing, and expansion across important product categories.
Gross profit also improved significantly, reaching N119 billion in 2025 as the company strengthened its operations and market presence.
FrieslandCampina WAMCO further revealed that profit after tax stood at N18.4 billion in 2025. This marks a major turnaround from the N749 million loss recorded in the previous year. The company’s total equity also improved strongly, rising from N3.8 million in 2024 to N18.8 billion in 2025.
Following the improved financial performance, shareholders approved a dividend payment of N1.00 per share for the 2025 financial year.
Speaking during the meeting, the Managing Director of FrieslandCampina WAMCO Nigeria Plc, Roger Adou, described 2025 as a turning point for the company.
According to him, the company was able to return to profitability despite facing major economic and operational challenges throughout the year. He explained that businesses in Nigeria continued to battle inflation, foreign exchange instability, high interest rates, and supply chain difficulties.
Adou stated that the company responded by improving factory operations, strengthening its distribution network, and enhancing supply chain efficiency. He added that FrieslandCampina WAMCO also continued investing in its brands, workforce, and sustainability programmes.
One of the company’s major achievements in 2025 was in local dairy development. The company disclosed that more than 13,000 farmers received training during the year as part of efforts to improve local milk production and strengthen the dairy value chain in Nigeria.
The company also reported a 19 percent increase in raw milk volumes compared to the previous year, showing progress in its local sourcing initiatives.
Chairman of the company, Olayinka Sanni, said the company’s recovery reflected disciplined financial management and successful operational reforms.
He noted that although Nigeria’s business environment remained challenging, there were signs of gradual economic stability, including moderation in inflation and relative stability in the foreign exchange market.
Sanni explained that the company’s focus going forward would remain on sustainable growth, operational efficiency, dairy development, and long-term investments aimed at strengthening its competitiveness in Nigeria’s dairy industry.
He added that the company remains optimistic about its future performance in 2026 despite ongoing economic uncertainties in the country.
