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 held in Lagos.
Shareholders endorsed a final dividend payout of N3.25 per ordinary share, amounting to N18,671,267,605.25, subject to applicable withholding taxes and other statutory deductions.
The approval was disclosed in a statement signed by the company secretary, Peter Dada, after the AGM conducted on May 8, 2026.
According to the company, only shareholders whose names appeared in the register of members as of the close of business on April 10, 2026, will qualify for the dividend payment.
The company explained that the approved dividend would be charged against the balance standing in the statement of comprehensive income for the financial year ended December 31, 2025.
The dividend declaration formed one of the major decisions reached during the meeting, where shareholders also considered and approved the company’s audited financial statements for the year under review.
In addition to the dividend resolution, shareholders approved several governance and board-related matters, including the election and re-election of directors.
Ibrahim Sodipe and Uchenna Nwakanma were elected into the board, while Michael Ikpoki, Ben Langat, and 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.
The AGM further granted approval for the company to continue engaging in related-party transactions involving the procurement of goods, services, and financing arrangements on commercial terms during the 2026 financial year.
According to the company, the arrangement complies with its transfer pricing framework and the rules governing listed companies under the Nigerian Exchange Issuers’ Rules.
Unilever Nigeria’s strong dividend payout followed an impressive financial performance in 2025, with the company recording significant growth in revenue, profitability, and operating margins.
Its audited financial report showed that gross profit rose by 62 per cent to N90 billion, while turnover increased by 43 per cent to N214 billion compared to N150 billion recorded in 2024.
The company’s net profit also more than doubled, climbing to N32 billion from N15 billion in the previous year, reflecting stronger operational efficiency and increased consumer demand across its product lines.
Analysts say the performance underscores renewed investor confidence in the consumer goods sector despite prevailing economic pressures and rising operating costs in Nigeria’s business environment.
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