ABUJA, Feb 2 – UAC of Nigeria Plc has declared its revenue in 2025 after fully consolidating CHI Limited, although heavy acquisition related costs sharply reduced profit for the year.
Revenue rose to ₦343.4 billion in the year ended December 2025, up 74 percent from ₦196.9 billion a year earlier. The increase followed the completion of UAC’s acquisition of CHI Limited, which significantly expanded the group’s packaged food and beverage operations.
The packaged food and beverages segment recorded the strongest growth. as revenue from the unit rose 252 percent to ₦204.5 billion, from ₦58 billion in 2024, making it the group’s largest contributor. The segment includes brands such as Chivita, Hollandia, Capri Sun, SuperBite, and Beefie.
Gross profit increased 64 percent to ₦76 billion, from ₦46.3 billion in the prior year. However, net income fell 97 percent to ₦504 million, compared with ₦16.3 billion in 2024. Profit margin narrowed to 0.1 percent from 8.3 percent, reflecting the impact of ₦21.2 billion in acquisition costs booked mainly in the fourth quarter.
Group Managing Director Folasope Aiyesimoju said the reported decline masked stronger underlying performance. He said profit before exceptional items rose 76 percent to ₦29 billion, from ₦16 billion in 2024, excluding acquisition related charges.
Operating expenses climbed 90 percent to ₦58.1 billion, driven by integration costs following the CHI transaction. About ₦30.1 billion of those expenses were incurred in the fourth quarter. During the same period, quarterly revenue rose 62 percent year on year to ₦183.8 billion, while operating profit declined to ₦8.2 billion from N12.2 billion a year earlier. The company said operating profit would have risen to ₦20.3 billion excluding acquisition costs.
Outside the core food business, the edibles and feeds segment recorded a net loss of ₦7.7 billion, wider than the ₦4.8 billion loss in 2024, due to weaker commodity prices and inventory write downs. In contrast, the paints business operated through Chemical and Allied Products Plc posted a 50.5 percent rise in net income to ₦9.1 billion, supported by stronger demand and improved pricing.
With the acquisition completed, UAC said its focus has shifted to margin recovery, cost control, and operational efficiency as it enters 2026 with a broader consumer portfolio.
