Firm Declares 566% Growth In PBT To N32.7bn In 2025

FrieslandCampina WAMCO Nigeria Plc, has reported 566 per cent growth in its profit before tax to N32.7 billion for the financial year ended December 31, 2025.

The Company stated this at its 53rd Annual General Meeting (AGM) held in Lagos.

The Company delivered a strong rebound in 2025, returning to profitability and strengthening its balance sheet and liquidity position despite continued macroeconomic pressures within the operating environment.

Revenue increased by 25 per cent from N493.6 billion in 2024 to N615.9 billion in 2025, driven by strong volume growth, targeted pricing initiatives, and sustained market expansion across key product categories. Gross profit rose significantly to N119 billion in 2025.

Profit before tax increased by 566 per cent from N4.9 billion in 2024 to N32.7 billion in 2025, supported by improved operating profit, reduced finance costs, and lower borrowings; while the Company recorded a profit after tax of N18.4 billion in 2025, representing a major recovery from the N749 million loss recorded in 2024. Consequently, total equity improved significantly from N3.8 million in 2024 to N18.8 billion in 2025.

The board of directors proposed and the shareholders approved a dividend payout of N1.00 per share for the 2025 financial year.

Speaking to shareholders, the managing director, FrieslandCampina WAMCO, Roger Adou said, “2025 was a defining year for the Company as we successfully returned the business to profitability despite persistent macroeconomic and operational challenges. The operating environment remained complex with high interest rates, supply chain disruptions, inflationary pressures, and foreign exchange volatility continuing to impact businesses across Nigeria.”

According to him, despite these headwinds, our teams demonstrated exceptional resilience, agility, and commitment. We significantly improved operational efficiency across our factories, strengthened our route-to-market capabilities, enhanced our commercial execution, and optimized our supply chain operations.

“We also continued to invest in our brands, our people, and our sustainability agenda. Our dairy development initiatives recorded strong progress in improving local milk sourcing, farmer capability development, and dairy ecosystem sustainability. In 2025 alone, over 13,000 farmers were trained, while raw milk volumes increased by 19 per cent compared to the previous year.”

The chairman, Mr. Olayinka Sanni said, “2025 marked a year of recovery, resilience, and strategic progress for FrieslandCampina WAMCO Nigeria. Although the macroeconomic environment remained challenging, we witnessed gradual improvements in economic stability, moderation in inflation, and relative stability in the foreign exchange market, which positively impacted business confidence.”

He pointed out that “the Company’s strong recovery in profitability and equity position demonstrates the effectiveness of our strategic actions, disciplined financial management, and operational transformation initiatives. Our focus remains on building a more resilient business capable of delivering sustainable long-term value despite ongoing economic uncertainties.”

Sanni added that “as we look ahead to 2026, we remain optimistic about the future of our Company. We will continue to focus on sustainable growth, operational efficiency, responsible business practices, dairy development, and investments that strengthen our long-term competitiveness in Nigeria’s dairy industry.”