Unilever Nigeria Plc has approved a total dividend payout of N18.67 billion for the 2025 financial year following its Annual General Meeting (AGM) held in Lagos on May 8, 2026.
The decision was confirmed in a statement signed by the company secretary, Peter Dada, and made available to the public.
Shareholders approved a final dividend of N3.25 per share, amounting to N18,671,267,605.25, subject to withholding tax and other statutory deductions.
According to the company, only shareholders whose names appeared in the register of members as of April 10, 2026, will qualify for the payout.
The dividend will be drawn from the company’s statement of comprehensive income for the financial year ended December 31, 2025.
The resolution was the main item on the agenda at the AGM held at the Shell Hall of the MUSON Centre in Onikan, Lagos, where shareholders also reviewed the company’s audited financial statements.
The approved dividend reflects improved profitability and stronger earnings performance recorded by the consumer goods company during the year under review.
At the meeting, shareholders also approved several governance-related resolutions, including the election and re-election of directors as well as the composition of the statutory audit committee for 2026.
Ibrahim Sodipe and Uchenna Nwakanma were elected as directors of the company.
Meanwhile, Michael Ikpoki, Ben Langat, and Ngozi Edozien were re-elected after retiring by rotation.
Shareholders also approved N120 million as remuneration for non-executive directors for the 2026 financial year.
In addition, the company secured approval for a general mandate to engage in related-party transactions involving procurement of goods, services, and financing on commercial terms, in line with its transfer pricing policy and Nigerian Exchange regulations.
Unilever Nigeria delivered a strong financial performance in 2025, with significant growth across key indicators.
Gross profit rose by 62 per cent to N90 billion, while net profit more than doubled to N32 billion from N15 billion recorded in 2024.
Turnover also increased by 43 per cent to N214 billion compared to N150 billion in the previous year.
The company attributed the performance to stronger consumer demand and improved operational efficiency, despite ongoing inflationary pressures in the broader economy.
