FrieslandCampina WAMCO revenue up by 25% to N615.9bn in 2025

FrieslandCampina WAMCO Nigeria PLC, the leading dairy company in Nigeria, has reported a strong financial recovery with significant growth across key performance indicators in its financial year ended 31 December 2025. At the 53rd Annual General Meeting (AGM) held in Lagos, board members, and key stakeholders deliberated on the Company’s 2025 performance and strategic outlook […]

FrieslandCampina WAMCO Nigeria PLC, the leading dairy company in Nigeria, has reported a strong financial recovery with significant growth across key performance indicators in its financial year ended 31 December 2025.

At the 53rd Annual General Meeting (AGM) held in Lagos, board members, and key stakeholders deliberated on the Company’s 2025 performance and strategic outlook for the future.

Revenue increased by 25% from N493.6 billion in 2024 to N615.9 billion in 2025, driven by strong volume growth, targeted pricing initiatives, and sustained market expansion across key product categories.

Gross Profit rose significantly to N119 billion in 2025, driven by improved product mix, operational efficiency, cost-saving initiatives, and the relative strengthening of the Naira during the second half of the year.

Profit Before Tax (PBT) increased remarkably by 566% from N4.9 billion in 2024 to N32.7 billion in 2025, supported by improved operating profit, reduced finance costs, and lower borrowings.

The Company recorded a Profit After Tax of N18.4 billion in 2025, representing a major recovery from the N749 million loss recorded in 2024. Consequently, total equity improved significantly from N3.8 million in 2024 to N18.8 billion in 2025.

The Board of Directors proposed and the shareholders approved a dividend payout of N1.00 per 50k ordinary share for the 2025 financial year, reflecting the Company’s commitment to balancing shareholder returns with the need to strengthen equity and maintain business resilience.

Speaking at the event, Roger Adou, Managing Director, FrieslandCampina WAMCO said, “2025 was a defining year for FrieslandCampina WAMCO Nigeria PLC as we successfully returned the business to profitability despite persistent macroeconomic and operational challenges. The operating environment remained complex with high interest rates, supply chain disruptions, inflationary pressures, and foreign exchange volatility continuing to impact businesses across Nigeria.

“Despite these headwinds, our teams demonstrated exceptional resilience, agility, and commitment. We significantly improved operational efficiency across our factories, strengthened our route-to-market capabilities, enhanced our commercial execution, and optimized our supply chain operations.

“We also continued to invest in our brands, our people, and our sustainability agenda. Our dairy development initiatives recorded strong progress in improving local milk sourcing, farmer capability development, and dairy ecosystem sustainability. In 2025 alone, over 13,000 farmers were trained, while raw milk volumes increased by 19% compared to the previous year.”

In his address, the Chairman, Board of Directors, Mr. Olayinka Sanni said: “2025 marked a year of recovery, resilience, and strategic progress for FrieslandCampina WAMCO Nigeria PLC. Although the macroeconomic environment remained challenging, we witnessed gradual improvements in economic stability, moderation in inflation, and relative stability in the foreign exchange market, which positively impacted business confidence.

“The Company’s strong recovery in profitability and equity position demonstrates the effectiveness of our strategic actions, disciplined financial management, and operational transformation initiatives. Our focus remains on building a more resilient business capable of delivering sustainable long-term value despite ongoing economic uncertainties.”