FrieslandCampina WAMCO reports revenue of US$410M in 2025

NIGERIA – FrieslandCampina WAMCO Nigeria PLC, a leading dairy manufacturer in Nigeria, has reported revenue increased by 25%, from US$328 million (N493.6 billion) in 2024 to US$410 million (N615.9 billion) in 2025, driven by strong volume growth, targeted pricing initiatives, and sustained market expansion across key product categories.

The dairy maker swung to a profit after tax of US$12.2 million (N18.4 billion), reversing a US $498,000 (N749 million) loss a year earlier, while total equity jumped to US$12.5 million (N18.8 billion).

Gross Profit rose significantly to US$79.1 million (N119 billion) in 2025, as the dairy maker improved its product mix, increased operational efficiency, implemented cost-saving initiatives, and benefited from relative Naira strengthening in the second half of the year.

The company reported a strong financial recovery with significant growth at its 53rd Annual General Meeting (AGM) held recently in Lagos. Shareholders approved a N1 dividend per 50 kobo share as the company balances payouts with capital strengthening.

Speaking on the financial performance, Roger Adou, managing director of FrieslandCampina WAMCO, said 2025 was a defining year for the dairy manufacturer, as it 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,” Adou said.

“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 optimised our supply chain operations,” he added.

He explained that the company will continue to invest in its brand, people, and sustainability agenda, adding that its dairy development initiative made progress in improving local milk sourcing, farmers’ capability development, and sustainability of the dairy ecosystem.

“In 2025 alone, over 13,000 farmers were trained, while raw milk volumes increased by 19 percent compared to the previous year. As a company committed to nourishing Nigerians with quality dairy nutrition, we expanded several consumer engagement initiatives and reinforced our presence across strategic categories and channels.”

In his address, Olayinka Sanni, chairman of the Board of Directors, said 2025 marked a year of recovery, resilience, and strategic progress for FrieslandCampina WAMCO Nigeria PLC.

According to him, the company’s strong recovery in profitability and equity position demonstrates the effectiveness of its strategic actions, disciplined financial management, and operational transformation initiatives.

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