April 29, 2025/CSL Research

Financial Highlights:

• Revenue: +45.4% y/y to ₦46.98Bn
• Cost of Sales: +49.5% y/y to ₦28.12Bn
• OPEX: +10.1% y/y to ₦10.66Bn
• EBITDA: +106.9% y/y to ₦9.08Bn
• Operating Profit: +115.2% y/y to ₦8.27Bn
• Profit before Tax: +146.7% y/y to ₦10.75Bn

Stock Rating: BUY, Target Price: ₦44.02/s

To read full report, click on the link below​​

​​​​​​​UNILEVER Q1 2025 Quick Take.pdf​​​​​​​