Breaking News
UAC Reports 22.9% Profit Decline to N7.36bn in H1 2025 Despite Revenue Growth
Total assets grew marginally to N161.49bn (FY 2024: N157.73bn), with cash reserves improving to N46.81bn. Trade receivables rose to N10.18bn, while shareholders’ equity increased to N69.52bn (FY 2024: N62.74bn). Retained earnings climbed to N53.17bn, reflecting accumulated profits despite the current dip.
UAC of Nigeria Plc recorded a 22.9% drop in profit after tax to N7.36bn for the first half of 2025, down from N9.54bn in the same period last year, despite strong revenue performance.
The conglomerate’s revenue rose 32.6% to N110.41bn (H1 2024: N83.25bn), driven by higher sales across key subsidiaries. Gross profit also surged 51% to N28.26bn (H1 2024: N18.71bn), while operating profit jumped 89% to N12.59bn (H1 2024: N6.66bn), supported by improved efficiency and a N2.13bn share of profit from associates (H1 2024: N475.37m).
However, the company’s bottom line was weighed down by a sharp reversal in net finance income, swinging from a N7.82bn gain in H1 2024 to a N3.62bn cost in H1 2025. Finance income plunged 76% to N2.56bn, while finance costs more than doubled to N6.18bn.
Consequently, profit before tax fell 25.7% to N11.10bn (H1 2024: N14.95bn), with income tax expenses declining to N3.74bn (H1 2024: N5.41bn). Shareholders’ earnings dropped to N6.96bn (H1 2024: N8.91bn), translating to 238 kobo earnings per share (H1 2024: 304 kobo), a 21.7% decline.
Balance Sheet Strength Maintained
Total assets grew marginally to N161.49bn (FY 2024: N157.73bn), with cash reserves improving to N46.81bn. Trade receivables rose to N10.18bn, while shareholders’ equity increased to N69.52bn (FY 2024: N62.74bn). Retained earnings climbed to N53.17bn, reflecting accumulated profits despite the current dip.
The results highlight UAC’s resilient topline growth amid cost pressures, particularly from financing activities, which offset operational gains during the period.
Lean Carbon, Just Power: Why a small, temporary rise in African carbon emissions is justified to reach the continent’s urgent electrification needs -By Louis Strydom
Policymakers have improvised. Ghana plugged supply gaps with a floating powership that initially burned heavy fuel oil, then switched to...
Fayose’s Thank You Message To Obasanjo: Uncouth, Unthinking And UnAfrican -By Isaac Asabor
Obasanjo, for his part, responded with a pointed but dignified jab, thanking Fayose for revealing his true nature and promptly...
Why Nigeria Must Act Now or Face the Consequences: The Wake-Up Call of the U.S. Religious Freedom Accountability Bill 2025 -By James Ezema
And to the Nigerian people—Christians, Muslims, and traditionalists alike—this moment demands unity, not division. Petition your lawmakers, demand justice, and...
Africa’s Mining Industry: New Opportunities for Cooperation with Russia and China -By Kestér Kenn Klomegâh
The Chinese delegation played a significant role in the event. Participants included Sun Yongjun, First Secretary of the Embassy of...
The Yerima Effect: How A Naval Officer’s Stillness Destroyed Wike’s Political Weapons, Collapsed His Judicial Shield, And Taught A Young Democracy To Stop Fearing Strong Men -By Prof. John Egbeazien Oshodi
The Ministry of Defence publicly defended the officer, not Wike. They stated clearly that Yerima acted within lawful authority. That...