February 26, 2026/CSL Update

Financial Highlights:

• Revenue: +26.0% y/y to ₦1.2Tn
• Cost of Sales: +18.3% y/y to ₦771.9Bn
• OPEX: +52.0% y/y to ₦211.7Bn
• EBITDA: +34.4% y/y to ₦264.5Bn
• Operating Profit: +34.3% y/y to ₦225.4Bn
• Profit After Tax: +163.8% y/y to ₦105.0Bn

Stock Rating | Target Price: Under Review (Prior: Buy | ₦2,655.34/share)

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

​​​​​​​NESTLE FY 2025 Quick Take.pdf