WorldStage– Nestle Nigeria Plc has rebounded to N104.966 billion in profit after tax in 2025 from the net loss of N164, 595 billion it recorded in 2024.
But the company is not yet out of the water.
According to the audited financial statement it released February 25, 2026, Nestle’s current liabilities in 2025 exceeded current assets by N83.764 billion—compared to N43, 24 billion it recorded in 2024.
The current liabilities, adding up to N99, 94 billion, include amounts Nestle Nigeria owes subsidiaries within the group.
Chairman Gbenga Oyebode, however, noted the company’s directors have made an assessment of the company’s ability to continue as a going concern.
“They have no reason to believe the company will not remain a going concern in the year ahead,” he said in a note in signed in the statement.
The parent company, Nestle SA, has provided a letter of guarantee, which confirms that it will continue to support the Nigeria subsidiary.
Nestle Nigeria stock rallied February 15 from its opening price N2420.00 to its closing price N2662.
Analysts said investors have regained confidence in the company’s future as it improves its operational efficiency, optimises costs and supply chain.
