UAC of Nigeria report ₦37.69 billion profit before tax for nine months wey end 30 September 2026, up 262.5% from one year before. Results wey external audit never check, announced 30 October and reported by Nairametrics 31 October, also show revenue of about ₦523 billion. The reporting period na nine months, no be financial year wey don finish.
The 227.7% revenue increase need important explanation. UAC buy C.H.I. Limited for October 2025 and begin include that business inside group accounts for the last quarter of that year. So 2026 comparison include bigger group of businesses. E no mean say the same businesses wey dey before sell more than three times as much.
Packaged Food and Beverages bring ₦436.20 billion revenue for the nine months. Paints revenue rise 11.3% to ₦33.69 billion, but Edibles and Feed revenue fall 27.4%, and Quick Service Restaurants revenue fall 3.4%. So overall expansion dey happen alongside weaker sales for some divisions. Strong headline for the group no mean say every business line grow.
Profit after tax reach ₦21.91 billion, while net finance costs rise to ₦23.94 billion from ₦5.74 billion. For its explanation of third quarter, management link higher financing costs to borrowing after dem buy CHI. Difference between revenue, profit and financing costs matter: no be all the money wey enter business go remain after expenses and obligations.
UAC also report agreements to sell the ownership shares wey e get for Livestock Feeds and DP World Logistics, subject to regulator approval. Na proposed sales under agreements, no be completed sales. The filing say Livestock Feeds results go remain inside group profit or loss until completion. To say company don already fully leave those businesses go pass wetin announcement establish.
For readers wey dey follow Nigeria consumer businesses, results show both extra size wey acquisition bring and performance wey differ across existing divisions. Next questions concern how dem go combine operations, reduce debt and complete transactions wey still get conditions. Na things to track for later disclosures, no be outcomes wey this interim report establish. The figures describe past performance wey dem report; dem no guarantee future profit.