{
  "id": 16532732,
  "title": "Unilever declares N11.5bn interim dividend as profit grows",
  "url": "https://urgent.news/2026/10/25/unilever-declares-n11-5bn-interim-dividend-as-profit-grows",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-25T23:36:56.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/unilever-declares-n11-5bn-interim-dividend-as-profit-grows/"
  },
  "original_language": "en",
  "account": "Unilever Nigeria Plc announced an interim dividend of N11.5 billion as its net profit expanded to N26.4 billion for the nine-month period ending September 30, 2026. This growth was fueled by a consistent increase in revenue and profitability, robust brand fundamentals, disciplined operations, and successful route-to-market execution. The company's total revenue for the period climbed to N184 billion, marking an 18% increase compared to N155.4 billion in the same period of 2025. Gross profit surged by 34% to N85.5 billion from N63.9 billion in the previous year, with the gross margin improving to 46.4% from 41.2%. Operating profit climbed by 27% to N38.5 billion, while net profit expanded by 20% to N26.4 billion compared to N21.9 billion in 2025. The Board of Directors of Unilever Nigeria Plc approved the interim dividend of N2.00 per ordinary share, payable to shareholders whose names appear on the Register of Members as of October 30, 2026. Unilever Nigeria Plc's Managing Director, Tobi Adeniyi, attributed the strong financial results to the company's focus on delivering value, enhancing availability, executing relevant innovations, and maintaining disciplined execution despite increased consumer demand pressure. Adeniyi expressed confidence in Nigeria's long-term potential and the company's commitment to responsible investment in its brands, operations, and people, aiming to build on strong fundamentals and create enduring value for consumers, customers, shareholders, and stakeholders.",
  "summary": "Unilever Nigeria Plc has declared an N11.5bn interim dividend after its net profit rose to N26.4bn for the nine-month period ended September 30, 2026. Read More: https://punchng.com/unilever-declares-n11-5bn-interim-dividend-as-profit-grows/",
  "key_points": [
    "Unilever Nigeria declares N11.5bn interim dividend",
    "Net profit grows to N26.4bn for nine months ending Sep 30, 2026",
    "Revenue increases 18% to N184bn compared to N155.4bn in 2025"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}