Unilever Nigeria Plc has approved a final dividend of N3.25 per share, amounting to a total of N18.67 billion, for the fiscal year ending 31 December 2025. This resolution was passed during the company’s Annual General Meeting (AGM) held in Lagos on 8 May 2026, and it was signed by Company Secretary Peter Dada. The dividend will be distributed to shareholders recorded on the register of members as of the close of business on 10 April 2026, subject to applicable withholding tax and other statutory deductions.
The AGM primarily focused on the dividend resolution but also included the approval of the audited financial statements for 2025. Unilever Nigeria reported a strong performance, with gross profit increasing by 62 percent to N90 billion, net profit more than doubling to N32 billion, and turnover rising by 43 percent to N214 billion compared to the previous year. The board attributed these impressive results to higher sales volumes and improved operating efficiency, which enhanced profit margins.
In addition to the dividend, several governance matters were addressed during the meeting. Ibrahim Sodipe and Uchenna Nwakanma were elected as directors, while Michael Ikpoki, Ben Langat, and Ngozi Edozien were re-elected after retiring by rotation. Shareholders also authorized a remuneration of N120 million for non-executive directors for the 2026 financial year.
The AGM granted a general mandate for the company to procure goods, services, and financing from related parties on commercial terms. The board emphasized that this mandate aligns with Unilever Nigeria’s transfer-pricing policy and complies with Rule 20.8 of the Nigerian Exchange 2015 Issuers’ Rules.
The approved dividend will be deducted from the profit and loss account for 2025, as detailed in the company’s statement of comprehensive income. Once net of taxes, the final dividend is expected to provide a modest return to shareholders while reinforcing the company’s commitment to delivering value to investors.
Unilever Nigeria’s approval of the dividend, along with its robust financial results, highlights the firm’s resilience in a competitive market and its focus on sustainable growth. The company will now proceed with the distribution to eligible shareholders and continue to implement its strategic initiatives for the upcoming fiscal year.
