UAC of Nigeria Plc reported a pre-tax profit of N37.69 billion for the 9 months ended September 2026, up 262.5% from N10.40 billion within the corresponding interval of 2025.
For the third quarter, pre-tax profit stood at N3.25 billion, in contrast with a pre-tax lack of N703 million in Q3 2025.
According to the corporate’s unaudited monetary outcomes introduced on October 30, 2026, revenue rose by 227.7% to N523.00 billion from N159.58 billion, pushed largely by the consolidation of C.H.I. Limited.
Key Highlights
- Revenue: N523.00 billion (Up 227.7% YoY from N159.58 billion).
- Gross profit: N142.55 billion (Up 262.1% YoY from N39.37 billion).
- Operating profit (EBIT): N59.54 billion (Up 343.7% YoY from N13.42 billion).
- Profit earlier than tax: N37.69 billion (Up 262.5% YoY from N10.40 billion).
- Profit after tax: N21.91 billion (Up 307.1% YoY from N5.38 billion).
- Earnings per share: 722 kobo (Up from 179 kobo).
- Cash and money equivalents: N31.54 billion (Down 38.0% from N50.91 billion as of December 31, 2025).
- Total property: N516.89 billion (Down 13.4% from N597.06 billion as of December 31, 2025).
- Shareholders’ funds (whole fairness): N70.85 billion (Up 1.5% from N69.77 billion as of December 31, 2025).
Management commentary
In its earnings launch, Group Managing Director Fola Aiyesimoju attributed the improved efficiency to the Packaged Food and Beverages and Paints companies.
He additionally highlighted stronger money technology, supported by the discharge of working capital, and reaffirmed the group’s concentrate on finishing its introduced divestments and lowering debt.
Driving the numbers
UAC’s nine-month revenue greater than tripled to N523.00 billion from N159.58 billion within the corresponding interval of 2025, pushed primarily by its Packaged Food and Beverages section.
- The section generated N436.20 billion in revenue, in contrast with N56.94 billion a 12 months earlier, representing development of 666.1% and accounting for about 83.4% of group turnover.
The sharp improve largely mirrored the consolidation of C.H.I. Limited, acquired in October 2025, alongside development at UAC Foods Limited.
- Paints revenue elevated by 11.3% to N33.69 billion from N30.27 billion, contributing roughly 6.4% of whole revenue.
Management attributed the section’s third-quarter development to a 21% improve in gross sales volumes, supported by its ornamental paint vary and the relaunch of Sandtex Select in August 2026.
- Meanwhile, Edibles and Feed revenue declined by 27.4% to N51.30 billion from N70.64 billion, reflecting weaker efficiency in agricultural commodities.
- Quick Service Restaurants revenue additionally declined by 3.4% to N1.86 billion from N1.92 billion, though third-quarter revenue elevated by 3.6% following improved gross sales efficiency throughout shops.
The figures present that UAC’s total revenue development was concentrated in Packaged Food and Beverages, whereas efficiency throughout different segments remained blended.
- Gross profit elevated by 262.1% to N142.55 billion from N39.37 billion, whereas the price of gross sales rose to N380.45 billion from N120.21 billion.
- Despite larger prices, gross profit margin improved to 27.3% from 24.7%, reflecting a larger contribution from the higher-margin Packaged Food and Beverages enterprise and moderating enter costs.
- Operating bills elevated to N86.54 billion from N27.98 billion, with promoting and distribution bills rising to N50.78 billion and administrative bills reaching N35.75 billion.
However, working bills declined as a proportion of revenue to 16.5% from 17.5%, indicating improved price absorption as turnover expanded.
Consequently, working profit, measured by EBIT within the earnings launch, elevated by 343.7% to N59.54 billion from N13.42 billion, with working margin bettering to 11.4% from 8.4%.
- Finance prices remained a big strain on earnings, with web finance prices rising to N23.94 billion from N5.74 billion within the corresponding interval of 2025.
Management attributed the upper finance burden to elevated borrowings following the acquisition of C.H.I. Limited.
- Despite the upper financing prices, profit earlier than tax rose by 262.5% to N37.69 billion, whereas profit after tax elevated by 307.1% to N21.91 billion.
- Third-quarter efficiency additionally strengthened, with revenue rising by 221.4% to N158.03 billion from N49.17 billion.
- Cash technology additionally improved considerably throughout the nine-month interval, with web money generated from working actions reaching N113.16 billion, in contrast with N27.17 billion a 12 months earlier.
According to administration, free money circulate reached N98.44 billion, supported by larger working profit and a N33.4 billion working capital launch.
Balance Sheet
UAC of Nigeria’s whole property declined by 13.4% to N516.89 billion as of September 30, 2026, from N597.06 billion on the finish of 2025, largely reflecting reductions in inventories, receivables and money balances.
Inventories fell to N153.33 billion from N214.53 billion, whereas present commerce and different receivables declined to N18.78 billion from N25.67 billion.
- Cash and money equivalents additionally dropped by 38.0% to N31.54 billion from N50.91 billion.
- On the funding aspect, whole liabilities declined by 15.4% to N446.04 billion from N527.29 billion, whereas shareholders’ funds elevated by 1.5% to N70.85 billion from N69.77 billion.
- Total borrowings fell by 23.8% to N262.63 billion from N344.81 billion, comprising N102.97 billion in present debt and N159.66 billion in non-current debt.
- The discount mirrored borrowing repayments of N235.54 billion towards new borrowing proceeds of N173.22 billion, alongside an change achieve of N11.28 billion and the reclassification of N7.93 billion in borrowings to liabilities held on the market.
Consequently, web debt declined by N62.8 billion to roughly N231 billion, whereas the web debt-to-last-twelve-months EBITDA ratio improved to 2.2 occasions from 5.9 occasions on the finish of 2025.
The group additionally disclosed agreements to promote its 43% stake in DP World Logistics Limited and 73.29% holding in Livestock Feeds Plc, each topic to regulatory approval, with the investments labeled as held on the market.
Market response
UAC of Nigeria’s share value closed at N181.00 on Friday, October 30, 2026, unchanged from its closing value on October 29, as traders reacted to the corporate’s nine-month monetary outcomes.
- The inventory has gained 98.9% year-to-date from its opening value of N91.00 in the beginning of 2026, putting it twenty third on the Nigerian Exchange (NGX) when it comes to year-to-date efficiency.
The shares additionally traded at N181.00 all through the final ten buying and selling classes proven within the equipped market information, indicating a interval of value stability.
