Unilever Ghana proposes GH¢1 per share dividend as cash balance doubles

Unilever Ghana PLC recorded a profit after tax of GH¢95.73 million for the year ended December 31, 2025, representing a 65 per cent increase from the GH¢58.05 million reported in the previous year, according to the company’s audited financial statements released on March 30, 2026.

The financial statements, signed by Managing Director Chris Wulf-Caesar and Director Charles B. Nimako, showed that total revenue for the year rose by 12 per cent to GH¢1.04 billion from GH¢930.81 million in 2024. Gross profit increased to GH¢409.23 million from GH¢352.82 million.

Operating profit climbed to GH¢143.31 million from GH¢95.24 million in the prior year, while profit before taxation stood at GH¢143.06 million, up from GH¢92.25 million. Income tax expense for the year amounted to GH¢47.33 million.

Basic earnings per share improved to 1.53 pesewas from 0.93 pesewas. The directors have proposed a dividend of GH¢1 per share, amounting to GH¢62.5 million, subject to shareholder approval at the forthcoming Annual General Meeting.

The company’s total assets increased to GH¢547.20 million from GH¢444.03 million, while total liabilities rose to GH¢268.26 million from GH¢218.13 million. Total equity stood at GH¢278.94 million, compared to GH¢225.90 million in 2024.

Cash and bank balances at year-end amounted to GH¢210.45 million, up from GH¢97.03 million. Cash generated from operating activities increased to GH¢247.35 million from GH¢95.00 million.

The company’s inventory position stood at GH¢103.45 million, down from GH¢128.69 million in 2024. Trade and other receivables increased to GH¢60.45 million from GH¢49.27 million, while trade payables rose to GH¢57.46 million from GH¢53.49 million.

The effective tax rate for the year was 33 per cent, compared to 37 per cent in 2024.

In its corporate social responsibility report, the company stated that through its participation in the Ghana Recycling Initiative by Private Enterprises, it trained 100 women waste pickers in Northern Ghana and collected over 600 tons of plastic waste during the year under review.

Unilever Ghana also noted that its Songtaa Project currently works with 200 agents across rural and peri-urban communities in Northern Ghana distributing its products, with plans to extend the initiative to Accra.

The company’s sustainability efforts were recognised with awards including Oral Care Brand of the Year for Pepsdent, Social Impact Campaign of the Year for Pepsdent’s “Talk to the Dentist”, Skin Care Brand of the Year for Vaseline, and Most Innovative FMCG Brand.

The audit fee for the year was GH¢650,000, compared to GH¢600,000 in 2024. Deloitte & Touche served as the company’s auditors.

Unilever Ghana remains 74.5 per cent owned by Unilever Overseas Holding Limited and UAC International Limited through the common control of its ultimate parent, Unilever Plc.