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Lagos – FrieslandCampina WAMCO Nigeria PLC, makers of Peak, Three Crowns, Coast, Olympic and Nunu milk brands, has announced a remarkable 566 per cent growth in Profit Before Tax (PBT) at its 53rd Annual General Meeting (AGM), held recently, in Lagos.
The company reported a strong financial rebound in the year ended 31 December 2025, marking a return to profitability despite persistent macroeconomic pressures.
The AGM brought together shareholders, board members, and stakeholders to deliberate on the company’s performance and strategic outlook. The results underscored resilience in the face of high interest rates, inflationary pressures, supply chain disruptions, and foreign exchange volatility.
Revenue rose by 25 per cent, climbing from ₦493.6 billion in 2024 to ₦615.9 billion in 2025, driven by volume growth, pricing initiatives, and market expansion. Gross Profit increased to ₦119 billion, supported by operational efficiency, cost‑saving measures, and a stronger Naira in the latter half of the year. PBT surged from ₦4.9 billion in 2024 to ₦32.7 billion in 2025, while Profit After Tax stood at ₦18.4 billion, a major recovery from the ₦749 million loss recorded the previous year.
Equity improved significantly, rising from ₦3.8 million in 2024 to ₦18.8 billion in 2025. Shareholders approved a dividend payout of ₦1.00 per 50k ordinary share, reflecting the company’s commitment to balancing returns with long‑term resilience.
Roger Adou, Managing Director, described 2025 as a defining year: “We successfully returned the business to profitability despite persistent challenges. Our teams demonstrated resilience and agility, improving efficiency across factories, strengthening route‑to‑market capabilities, and optimising supply chain operations.”
He highlighted investments in brands, people, and sustainability. Dairy development initiatives advanced local milk sourcing, farmer training, and ecosystem sustainability. Over 13,000 farmers were trained in 2025, with raw milk volumes rising by 19 per cent. Consumer engagement initiatives expanded across strategic categories, reinforcing the company’s presence in the market.
Chairman of the Board, Mr Olayinka Sanni, noted: “2025 marked a year of recovery, resilience, and strategic progress. Gradual improvements in economic stability, moderation in inflation, and relative foreign exchange stability positively impacted business confidence.”
He emphasised that profitability and equity recovery demonstrated the effectiveness of strategic actions and disciplined financial management. “Our focus remains on building a resilient business capable of delivering sustainable long‑term value despite ongoing uncertainties,” he said.
Sanni expressed appreciation to shareholders for their confidence, employees for their dedication, customers for their loyalty, and partners for their collaboration. Looking ahead to 2026, he reaffirmed the company’s commitment to sustainable growth, operational efficiency, responsible practices, and investments that strengthen competitiveness in Nigeria’s dairy industry.
The AGM underscored FrieslandCampina WAMCO’s determination to consolidate gains and expand its footprint in Nigeria’s dairy sector. With a portfolio of trusted brands and renewed profitability, the company signalled confidence in its ability to navigate challenges while creating long‑term value for stakeholders.
