csrreporters 
UAC of Nigeria (UACN) Plc has announced a strong financial performance for the first half of 2025, reporting a revenue of N110.4 billion, a 33% increase year-on-year, driven by robust consumer demand and consistent growth across its core business segments.
The company’s gross profit rose by 51%, aided by effective pricing strategies and improved cost management, resulting in over 300 basis points in margin expansion. These efficiencies helped drive a 91% increase in underlying profit, highlighting UACN’s operational strength and strategic focus.
However, Profit After Tax (PAT) declined by 22.9% due to a one-off N9.4 billion foreign exchange gain recorded in H1 2024. Excluding this non-recurring gain, the underlying profit before tax grew 91%, affirming the company’s strong fundamentals.
Commenting on the results, Group Managing Director, Fola Aiyesimoju, said: “UAC maintained strong business momentum, driven by gross margin expansion, operational efficiency, and improved contributions from associate companies.”
Segment-wise, growth was broad-based:
- Packaged Food and Beverages rose by 43%, led by strong performance in snacks and dairy.
- Animal Feeds grew 24%.
- Paints expanded 29%, supported by the addition of 51 new retail outlets nationwide.
As part of its long-term strategy, UACN is pursuing selective mergers and acquisitions. The recent acquisition of CHI Limited was highlighted as a key milestone. Aiyesimoju described it as a strategic move into Nigeria’s fast-growing food and beverage sector, offering high-margin and scalable growth potential.
He added, “We are honoured by the confidence the Coca-Cola Company has placed in us. This acquisition aligns with our ambition to build world-class businesses and reinforces our long-term vision.”
With operations spanning animal feeds, paints, packaged food, quick service restaurants, real estate, and logistics, UACN remains focused on building leadership across key sectors of Nigeria’s economy
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