UAC of Nigeria Plc grew profit for the first half of 2026 by 172 percent to N20 billion, as its newly consolidated Chivita|Hollandia business (C.H.I. Limited) transformed the scale of Nigeria’s oldest conglomerate.
Group revenue rose 3.3 times to N365 billion, gross profit climbed 3.7 times to N105 billion, and operating profit nearly quadrupled to N49 billion, the company said in results for the six months to June 2026 released Wednesday. Profit before tax more than tripled to N34 billion.
The bulk of that growth traces to a single event: UAC’s N182.5 billion cash acquisition of C.H.I. Limited from The Coca-Cola Company, completed in October 2025. The juice and dairy maker behind Chivita, Hollandia, and Capri-Sun brands is now folded into UAC’s packaged food and beverages segment, whose revenue jumped more than sevenfold to N307 billion in the half.
“Our results for the first half of 2026 reflect progress against
This post was originally published on this site.
