FrieslandCampina WAMCO Reports Significant Financial Turnaround Amid Economic Challenges
In a climate marked by high interest rates, persistent inflation, currency fluctuations, and supply chain disruptions, FrieslandCampina WAMCO Nigeria PLC has achieved a remarkable financial recovery. The company, renowned for its dairy products including Peak, Three Crowns, Coast, Olympic, and Nunu milk brands, reported a staggering 566% increase in profit before tax (PBT) for the year ending December 31, 2025.
Robust Revenue Growth Demonstrates Resilience
This impressive performance was unveiled at the company’s 53rd Annual General Meeting (AGM) held at the Lagos Marriott Hotel, where shareholders, board members, and stakeholders assembled to evaluate FrieslandCampina’s achievements and future strategies. The company indicated it has successfully restored profitability, reinforcing its balance sheet and liquidity in the face of economic adversities.
Substantial Increases in Revenue and Gross Profit
FrieslandCampina experienced a 25% surge in revenue, rising from ₦493.6 billion in 2024 to ₦615.9 billion in 2025. This growth was propelled by enhanced sales volumes, strategic pricing, and deeper market penetration across essential product categories. Additionally, the company’s gross profit made significant strides, reaching ₦119 billion, a result of an improved product mix, operational efficiencies, cost optimization measures, and relative stability in the Naira exchange rate during the latter half of the year.
Significant Rise in Pre-tax Profits
The company’s pre-tax profits soared from £4.9 billion in 2024 to £32.7 billion in 2025, driven by increased operating profits, lower finance costs, and diminished borrowing levels. Profit after tax also rebounded impressively to £18.4 billion compared to a loss of £749 million the previous year. Total capital climbed markedly from ₦3.8 billion in 2024 to ₦18.8 billion in 2025. Shareholders were rewarded with a dividend of ₦1.00 per 50 Kobo common shares for the financial year, reflecting a balanced strategy of returning value to investors while bolstering its capital reserves.
Leadership Highlights Commitment to Operational Excellence
During the AGM, Managing Director Roger Adu emphasized that 2025 marked a pivotal year for the company, highlighting its successful return to profitability amid enduring economic challenges. He stated that FrieslandCampina has significantly enhanced operational efficiency across its factories, improved route-to-market capabilities, and optimized supply chain operations.
Investment in People and Sustainable Development
Adu also underscored the company’s commitment to investing in its brand and workforce, alongside sustainability initiatives. He noted that in 2025, more than 13,000 farmers would be trained, contributing to a projected 19% increase in milk production compared to the previous year.
Board Chairman Affirms Focus on Sustainable Growth
Olayinka Sanni, Chairman of the Board, characterized 2025 as a year underscored by recovery, resilience, and strategic advancement, attributing improvements in inflation and currency stability to increased business confidence. He recognized the substantial recovery in profitability and capital as validation of FrieslandCampina’s strategic actions and disciplined financial stewardship.
Sanni expressed gratitude to shareholders, employees, customers, and partners for their unwavering support, reaffirming the company’s commitment to sustainable growth, operational efficiency, and creating long-term value. Looking ahead to 2026, he indicated that FrieslandCampina WAMCO will persist in prioritizing investments in dairy development, responsible business practices, and enhancing competitiveness within Nigeria’s dairy industry.
