Shared on 30 Jul 25
Subject: Unilever Nigeria Plc H1 2025 – Strong Earnings Rebound Fueled by Pricing Power and Efficiency Unilever Nigeria Plc delivered a stellar earnings rebound in H1 2025, achieving a 224.6% YoY increase in profit after tax to ₦14.41 billion , driven by strategic pricing actions and improved cost discipline. Revenue surged by 53.5% YoY to ₦98.10 billion , thanks to price hikes implemented between H2 2024 and Q1 2025 and a modest recovery in volume growth.
Shared on 29 Jul 25
Fair value Increased 61%WaneInvestmentHouse has decreased revenue growth from 31.1% to 4.0%, decreased profit margin from 14.6% to 10.0%, increased future PE multiple from 11.2x to 24.0x, decreased discount rate from 24.5% to 10.0%, decreased shares outstanding growth rate from 0.1% to 0.0% and decreased timeframe from 5 years to 3 years.