UAC of Nigeria Plc has reported a 14% year-on-year drop in profit after tax, sliding to N7.36 billion for the first half (H1) of 2025, compared to N8.55 billion recorded in the corresponding period of 2024.
The conglomerate attributed the decline to rising operating expenses, higher input costs, and foreign exchange volatility, which impacted its food and beverage, animal feeds, and paints segments.
Revenue, however, rose marginally to N68.4 billion from N66.9 billion in the same period last year, driven by price adjustments and steady demand in key product lines.
Earnings per share fell from N2.33 in H1 2024 to N2.01 in H1 2025, reflecting the profit slump.
UAC’s Group Managing Director, [insert GMD name if available], said the company remains committed to operational efficiency and cost containment measures to navigate the current economic headwinds.
“We are focused on strategic investments, improving productivity across our subsidiaries, and protecting shareholder value despite macroeconomic pressures,” he noted.
Analysts say the company’s performance mirrors broader sector challenges in Nigeria’s consumer goods market, where inflation and currency depreciation continue to squeeze margins.
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