Investogist
No Result
View All Result
Friday, August 1, 2025
  • News
    • All
    • Africa
    • Nigeria
    • World
    FG approves 300% increase in electricity tariff

    NERC has no authority over state tariff – Enugu Electricity Regulator

    US Court clears Donald Trump to run for President

    Breaking: US and EU agree trade deal

    Federal Government commissions three “ultra-modern” oncology centers

    Federal Government commissions three “ultra-modern” oncology centers

    How to register for Nnamdi Azikiwe University’s 2025/2026 Post-UTME and Direct Entry Screening

    How to register for Nnamdi Azikiwe University’s 2025/2026 Post-UTME and Direct Entry Screening

    Nnamdi Azikiwe University issues notice to Postgraduate Graduands on 17th Convocation Ceremony

    Nnamdi Azikiwe University’s guidelines for 2025/2026 POST-UTME, Direct entry screening exercise

    FG lists 4 border points in Ukraine Nigerians can cross to safety

    FG denies JSS1 admission age rumors, confirms 10-year minimum

    FG approves 300% increase in electricity tariff

    Enugu State Electricity Regulator lacks power to reduce electricity tariff – NERC

    UK bans Nigerian students and others from bringing family

    UK stops issuing new Health and Care Worker visas to foreign workers

    Trump wins a resounding victory in first Republican primary in Iowa

    Trump secures U.S. – Japan strategic trade and investment agreement

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Shareholders of Linkage Assurance Plc approve share bonus distribution

    Shareholders of Linkage Assurance Plc approve share bonus distribution

    Aradel Holdings to list shares on NGX Main Board October 14

    Aradel Holdings Plc reports N368.1 billion revenue for H1 2025

    Custodian Investment Plc announces 25 kobo interim dividend

    Custodian Investment Plc announces 25 kobo interim dividend

    Seplat Energy increases share capital, lists new shares

    Seplat Energy increases share capital, lists new shares

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

    FY 2020: UAC of Nigeria Plc posts 27.8% decline in profit after tax from continuing operations

    UAC of Nigeria grows revenue by 32.6% to N110.4 billion in H1 2025

    UBA Plc profit for H1 2021 grew by 36.35% to N60.58 billion

    UBA commences Rights Issue of 3.15 billion ordinary shares

    Approval given for acquisition of International Energy Insurance Plc

    UAC of Nigeria Plc to acquire Chivita|Hollandia (CHI Limited)

    Agro-Industrial giant Presco Plc reports N10.12bn profit in H1 2021

    Presco Plc declares ₦20.00 interim dividend for H1 2025

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Nigerian Exchange – Stock Market report for the week ended 7th July, 2023

    The Nigerian Exchange records impressive performance in H1 2025

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    NGX suspends trading in the shares of four listed companies

    Banking stocks plunge after CBN suspends banks under regulatory forbearance from paying dividends

    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Again DMO offers N360 billion FGN bond for February

    DMO offers N300 billion FGN bond for auction in May

    NGX Daily Equities Market Report: Market gains for third consecutive days

    CSCS Plc explores listing on the Nigerian Exchange (NGX)

    NGX Daily Equities Market Report: Market gains for third consecutive days

    NGX delists Flour Mills shares, lists additional NB and Jaiz Bank shares

    Bitcoin soars above $21,000 as U.S. dollar sags

    BITCOIN hits $103,000 for the first time

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    FG approves 300% increase in electricity tariff

    NERC has no authority over state tariff – Enugu Electricity Regulator

    US Court clears Donald Trump to run for President

    Breaking: US and EU agree trade deal

    Federal Government commissions three “ultra-modern” oncology centers

    Federal Government commissions three “ultra-modern” oncology centers

    How to register for Nnamdi Azikiwe University’s 2025/2026 Post-UTME and Direct Entry Screening

    How to register for Nnamdi Azikiwe University’s 2025/2026 Post-UTME and Direct Entry Screening

    Nnamdi Azikiwe University issues notice to Postgraduate Graduands on 17th Convocation Ceremony

    Nnamdi Azikiwe University’s guidelines for 2025/2026 POST-UTME, Direct entry screening exercise

    FG lists 4 border points in Ukraine Nigerians can cross to safety

    FG denies JSS1 admission age rumors, confirms 10-year minimum

    FG approves 300% increase in electricity tariff

    Enugu State Electricity Regulator lacks power to reduce electricity tariff – NERC

    UK bans Nigerian students and others from bringing family

    UK stops issuing new Health and Care Worker visas to foreign workers

    Trump wins a resounding victory in first Republican primary in Iowa

    Trump secures U.S. – Japan strategic trade and investment agreement

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Shareholders of Linkage Assurance Plc approve share bonus distribution

    Shareholders of Linkage Assurance Plc approve share bonus distribution

    Aradel Holdings to list shares on NGX Main Board October 14

    Aradel Holdings Plc reports N368.1 billion revenue for H1 2025

    Custodian Investment Plc announces 25 kobo interim dividend

    Custodian Investment Plc announces 25 kobo interim dividend

    Seplat Energy increases share capital, lists new shares

    Seplat Energy increases share capital, lists new shares

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

    FY 2020: UAC of Nigeria Plc posts 27.8% decline in profit after tax from continuing operations

    UAC of Nigeria grows revenue by 32.6% to N110.4 billion in H1 2025

    UBA Plc profit for H1 2021 grew by 36.35% to N60.58 billion

    UBA commences Rights Issue of 3.15 billion ordinary shares

    Approval given for acquisition of International Energy Insurance Plc

    UAC of Nigeria Plc to acquire Chivita|Hollandia (CHI Limited)

    Agro-Industrial giant Presco Plc reports N10.12bn profit in H1 2021

    Presco Plc declares ₦20.00 interim dividend for H1 2025

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Nigerian Exchange – Stock Market report for the week ended 7th July, 2023

    The Nigerian Exchange records impressive performance in H1 2025

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    NGX suspends trading in the shares of four listed companies

    Banking stocks plunge after CBN suspends banks under regulatory forbearance from paying dividends

    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Again DMO offers N360 billion FGN bond for February

    DMO offers N300 billion FGN bond for auction in May

    NGX Daily Equities Market Report: Market gains for third consecutive days

    CSCS Plc explores listing on the Nigerian Exchange (NGX)

    NGX Daily Equities Market Report: Market gains for third consecutive days

    NGX delists Flour Mills shares, lists additional NB and Jaiz Bank shares

    Bitcoin soars above $21,000 as U.S. dollar sags

    BITCOIN hits $103,000 for the first time

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Business

UAC of Nigeria grows revenue by 32.6% to N110.4 billion in H1 2025

Thursday, 31 July 2025, 2:57 pm
in Business, Companies
0
FY 2020: UAC of Nigeria Plc posts 27.8% decline in profit after tax from continuing operations
Share Share Share Share Send as Email

UAC of Nigeria Plc (NGX: UACN) posted an impressive revenue of ₦110.41 billion in the first half of 2025 ended 30 June 2025 32.6% up from ₦83.25 billion in the corresponding period of 2024.

This growth was driven largely by increased sales across its business segments, particularly in Edibles & Feed and Packaged Food & Beverages.

The gross profit surged to ₦28.26 billion, compared to ₦18.71 billion in H1 2024.

However, the gains were partially offset by increased administrative expenses, which rose to ₦9.99 billion from ₦7.70 billion in the prior year, largely due to higher personnel and operational costs.

Read also: UAC of Nigeria Plc to acquire Chivita|Hollandia (CHI Limited)

Similarly, finance costs also climbed to ₦6.18 billion, compared to ₦2.85 billion in H1 2024 while finance income declined substantially to ₦2.56 billion from ₦10.66 billion, resulting in a net finance cost of ₦3.62 billion, a sharp reversal from the net finance income of ₦7.82 billion recorded in the same period last year.

Consequently, the profit after tax declined by 22.9% to ₦7.36 billion, down from ₦9.54 billion in H1 2024. The earnings per share for the period was 238 Kobo, down from 304 Kobo a year earlier.

On the balance sheet, UAC maintained a healthy financial position with total assets of ₦161.49 billion – with N55.64 non-current assets and N105.83 billion current assets. The total assets is up from ₦157.73 billion at year-end 2024. 

Major Components of Assets

  • Cash and Cash Equivalents: ₦46.81 billion
  • Inventories: ₦48.84 billion
  • Property, Plant and Equipment: ₦28.51 billion
  • Investments in Associates: ₦12.56 billion
  • Trade and Other Receivables (current): ₦10.18 billion

Total liabilities stood at ₦88.73 billion out of which N22.24 billion is non-current liabilities and N66.49 billion current liabilities. The total liabilities slightly declined from ₦91.32 billion in December 2024.

Major components of liabilities

  • Currrent borrowing: ₦30.31 billion
  • Non-Borrowings: ₦13.04 billion
  • Trade and Other Payables: ₦18.91 billion
  • Current Income Tax Liabilities: ₦7.19 billion
  • Deferred Tax Liabilities: ₦6.53 billion

In terms of liquidity, the company generated net cash flows from operating activities of ₦10.84 billion. Overall, the net increase in cash and cash equivalents was ₦6.26 billion, bringing the closing cash balance to ₦46.81 billion as of June 30, 2025.

UAC of Nigeria Plc’s share price rose 10% on Thursday to close at N80.30 per share on the Nigerian Exchange.

Commenting on the results, Group Managing Director, Fola Aiyesimoju, stated: “In Q2 2025, macroeconomic indicators improved supported by the ongoing implementation of reforms. The foreign exchange market was stable, and inflation moderated. Against this backdrop, UAC delivered strong results. Revenue and operating profit increased 27% and 77% respectively. Underlying profit before tax increased 146%, reflecting gross margin expansion across our core businesses, operational efficiency and improved results from our associate companies, which more than offset higher finance costs in the period. Looking ahead, we will continue to execute our growth and value creation strategy with discipline and a longterm focus.” 

About UAC

UAC of Nigeria PLC (UAC) is a holding company with subsidiary and associate companies operating in the Edibles and Feed; Paints; Packaged Food and Beverages; Quick Service Restaurants; Logistics and Real Estate segments. UAC has played a prominent role in Nigeria’s development for over a century. The company is focused on building its businesses into leaders in their chosen segments.

 UAC has four operating platforms

Edibles and Feed Grand Cereals Limited (71.4% ownership) – a leading producer of cereals, edible oils, poultry feed, fish feed, ruminant feed and dog food. The company has production and distribution facilities in Northern and South Eastern Nigeria. It owns a portfolio of strong brands including Grand, Vital, and BestMate.

Livestock Feeds PLC (73.3% ownership) – produces and distributes poultry feed, feed concentrates and full fat soya. The company recently expanded its offering to include veterinary drugs. Livestock Feeds’ geographic strength is in South West Nigeria. The company is listed on The Nigerian Exchange (“NGX”).

Chemical and Allied Products PLC (57.9% ownership) – the leading paints and coatings company in Nigeria with a diversified product range spanning decorative and marine segments. CAP PLC is the sole technology licensee for AkzoNobel’s decorative range in Nigeria and is also a distributor for Hempel’s industrial products. The company’s brand portfolio is comprised of Dulux, Sandtex, Caplux, and Hempel. The company benefits from a unique distribution model – franchised retail outlets, which it pioneered in Nigeria’s paint industry. CAP PLC is listed on NGX.

UAC Foods Limited (99.96% ownership) – a leading player in the packaged food and beverages industry with three distinct business segments – snacks, ice-cream, and spring water. It owns iconic brands such as Gala, SWAN Spring Water, Supreme and Funtime.

UAC Restaurants Limited (51% ownership) – a joint venture with Famous Brands, manages the network of Quick Service Restaurants across Nigeria under the Mr Bigg’s and Debonairs Pizza brands.

MDS Logistics Limited (43% ownership) – a leading logistics provider in Nigeria, offers the complete suite of outbound

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

Related Posts:

  • Airtel-Africa 1
    Airtel Africa Plc grows revenue by 13.6% to $3.9 billion
  • MTN Nigeria
    MTN Nigeria Concludes Issuance of N110 Billion Bonds
  • Aradel
    Aradel Holdings Plc reports N368.1 billion revenue…
  • Guinness
    Guinness Nigeria Plc grows revenue by 54%, profit rises 110%
Tags: Featured
Previous Post

NERC has no authority over state tariff – Enugu Electricity Regulator

Next Post

List of Dividends announced in 2025, qualification and payment dates

Next Post
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

Seplat Energy increases share capital, lists new shares

Seplat Energy increases share capital, lists new shares

UBA Plc profit for H1 2021 grew by 36.35% to N60.58 billion

UBA commences Rights Issue of 3.15 billion ordinary shares

Agro-Industrial giant Presco Plc reports N10.12bn profit in H1 2021

Presco Plc declares ₦20.00 interim dividend for H1 2025

Shareholders of Linkage Assurance Plc approve share bonus distribution

Shareholders of Linkage Assurance Plc approve share bonus distribution

Aradel Holdings to list shares on NGX Main Board October 14

Aradel Holdings Plc reports N368.1 billion revenue for H1 2025

Custodian Investment Plc announces 25 kobo interim dividend

Custodian Investment Plc announces 25 kobo interim dividend

Seplat Energy increases share capital, lists new shares

Seplat Energy increases share capital, lists new shares

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2025 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved