May 12, (THEWILL) — Unilever Nigeria Plc has approved the payment of N18.67 billion as dividend to shareholders for the 2025 financial year following resolutions passed at its Annual General Meeting (AGM) held on May 8, 2026, in Lagos.
The approval was disclosed in a statement signed by the Company Secretary, Peter Dada, after shareholders endorsed a final dividend of N3.25 per share, amounting to N18,671,267,605.25, subject to applicable withholding tax and other statutory deductions.
According to the company, the dividend will be paid to shareholders whose names appeared in the register of members at the close of business on April 10, 2026.
The payout will be deducted from the amount standing to the credit of the company’s statement of comprehensive income for the year ended December 31, 2025.
The dividend resolution was the major highlight of the AGM held at the Shell Hall of the Muson Centre, Onikan, where shareholders also considered and approved the company’s audited financial statements for 2025.
The declaration reflects the company’s stronger earnings performance and improved profitability during the review period.
Unilever Nigeria posted significant growth across key financial indicators, underscoring its recovery momentum amid inflationary pressures and shifting consumer spending patterns.
Gross profit rose by 62 percent to N90 billion in 2025, while turnover increased by 43 percent to N214 billion from N150 billion recorded in 2024.
Net profit more than doubled to N32 billion from N15 billion in the previous year, driven by stronger consumer demand and improved operational efficiency.
Shareholders also approved the election of Ibrahim Sodipe and Uchenna Nwakanma as directors, while Michael Ikpoki, Ben Langat, and Ngozi Edozien were re-elected.
In addition, the AGM approved N120 million as remuneration for non-executive directors and granted the company authority to undertake related-party transactions on commercial terms during the 2026 financial year.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
