UAC of Nigeria PLC has released its unaudited 2025 results for the period ended December 31, 2025, reporting a pre-tax profit of N7.5 billion in 2025 compared to the N25.5 billion reported in 2024.
Also, post-tax profit declined by 97% YoY to N504 million
However, revenue grew by 74.4% to N343.350 billion compared to N197 billion in 2024, driven a significant growth in income from its packaged foods and beverages section.
Key highlights (FY 2025 vs FY 2024)
- Revenue: N343.4 billion, +74.5% YoY
- Cost of Sales: N267.4 billion, +77.6% YoY
- Gross Profit: N76 billion, +64.2% YoY
- Other Operating Income: N3.92 billion, +23.2% YoY
- Operating Profit: N21.6 billion, +14.48% YoY
- Earnings per share: 29 kobo, -94% YoY
- Total Assets: N524.92 billion +233% YoY
- Retained Earnings: N43.7 billion, down 6.6% YoY
- Total Equity: N60.484 billion -8.92% YoY
What the financial statement is saying
UACN’s revenue surged to N343.4 billion in 2025, driven by strong performance from its Packaged Food & Beverages segment and remained the highest contributor to total revenue.
The segment, grew by 254% to N205 billion, which is about 60% of the total revenue in 2025
Although the Edibles & Feed segment revenue declined, at N91.61 billion, it is still significant
The company’s cost of sales grew from N150.6 billion in 2024 to N267.4 billion in 2025, reflecting cost pressures.
Notwithstanding, gross profit grew by 64% to N76 billion in 2025 compared to the N46.3 billion reported in 2024, while operating profit for the year stood at N21.6 billion; a 14.48% increase from N18.9 billion in 2024.
On cost, UACN’s finance costs surged to N26.8 billion from N6.7 billion in 2024, due to the increase in borrowings, primarily linked to the acquisition of C.H.I. Limited.
Although finance income helped, with a significant contribution of N9.31 billion, it was insufficient to counterbalance the rising finance expenses, resulting in the drop in pre-tax profit and post-tax profit in 2025 compared to 2024 numbers.
Balance sheet
UACN’s balance sheet showed significant growth, with total assets reaching N524.9 billion, more than three times the N157.7 billion reported in 2024.
- The increase was driven by the acquisition of C.H.I. Limited, which added substantial property, plant, and equipment (N121.4 billion) to the balance sheet.
On the equity side, total shareholder equity stood at N60.5 billion, down 9.0% YoY, primarily due to a decline in retained earnings.
What to know
UACN’s 2025 revenue jumped by 74.5% to N343.4 billion, driven by growth across its diverse sectors, especially its Packaged Food & Beverages.
However, the impact of the topline performance was muted by the sharp rise in operational and finance costs, leading to a decline in profit.
Despite the challenges, UACN still has a good balance sheet size with total assets of N524.9 billion.
On market performance, the stock gained 189% year-to-date (YtD) in 2025, closing at N9.10. This year, it has moved up to N92.50, reflecting a 1.65% YtD gain.
