L-R: Executive Director, Corporate Affairs, Ore Famurewa; Chairman, Board of Directors, Olayinka Sanni; Non-Executive Director & President, Middle East, Pakistan and Africa Business Group (MEPA BG), Ali Ahmed Khan; Managing Director, Roger Adou and Non-Executive Director, Oyinkan Ade-Ajayi, during the 53rd Annual General Meeting of FrieslandCampina WAMCO Nigeria PLC.
By Peace Udugba
FrieslandCampina WAMCO Nigeria PLC, makers of Peak, Three Crowns, Coast, Olympic, and Nunu milk brands, has held its 53rd Annual General Meeting (AGM), reporting a strong financial recovery and significant growth across key performance indicators for the financial year ended December 31, 2025.
L-R: Board Members – Executive Director, Finance, Ramon van Deventer; Non-Executive Director, Oyinkan Ade-Ajayi; Chairman, Board of Directors, Olayinka Sanni; Non-Executive Director & President, Middle East, Pakistan and Africa Business Group (MEPA BG), Ali Ahmed Khan; Managing Director, Roger Adou; Executive Director, Corporate Affairs, Ore Famurewa ; Non-Executive Director, Peter Eshikena and Company Secretary/Head of Legal, Adeola Osho, during the 53rd Annual General Meeting of FrieslandCampina WAMCO Nigeria PLC.
The AGM, held at the Lagos Marriott Hotel, Ikeja, Lagos on Tuesday, May 19, 2026, brought together shareholders, board members, and other stakeholders to review the company’s performance and future outlook.
L-R: Board Members – Executive Director, Finance, Ramon van Deventer; Non-Executive Director, Oyinkan Ade-Ajayi; Chairman, Board of Directors, Olayinka Sanni; Non-Executive Director & President, Middle East, Pakistan and Africa Business Group (MEPA BG), Ali Ahmed Khan; Managing Director, Roger Adou; Executive Director, Corporate Affairs, Ore Famurewa and Non-Executive Director, Peter Eshikena , during the 53rd Annual General Meeting of FrieslandCampina WAMCO Nigeria PLC.
Strong Financial Performance.
The company recorded a major rebound in 2025, returning to profitability despite a challenging macroeconomic environment.
Revenue rose by 25 percent, from ₦493.6 billion in 2024 to ₦615.9 billion in 2025, driven by strong volume growth, pricing strategies, and market expansion.
L-R: Non-Executive Director, Oyinkan Ade-Ajayi; Chairman, Board of Directors, Olayinka Sanni; Non-Executive Director & President, Middle East, Pakistan and Africa Business Group (MEPA BG), Ali Ahmed Khan; Managing Director, Roger Adou and Non-Executive Director, Peter Eshikena during the 53rd Annual General Meeting of FrieslandCampina WAMCO Nigeria PLC.
Gross profit increased to ₦119 billion, supported by improved product mix, operational efficiency, cost optimisation, and relative currency stability in the second half of the year.
Profit Before Tax (PBT) surged by 566 percent, rising from ₦4.9 billion in 2024 to ₦32.7 billion in 2025. Profit After Tax stood at ₦18.4 billion, a significant recovery compared to a ₦749 million loss recorded in the previous year.
L-R: Executive Director, Finance, Ramon van Deventer; Chairman, Board of Directors, Olayinka Sanni; Non-Executive Director & President, Middle East, Pakistan and Africa Business Group (MEPA BG), Ali Ahmed Khan; Managing Director, Roger Adou and Executive Director, Corporate Affairs, Ore Famurewa, during the 53rd Annual General Meeting of FrieslandCampina WAMCO Nigeria PLC.
Total equity also improved markedly, rising from ₦3.8 billion in 2024 to ₦18.8 billion in 2025. Shareholders approved a dividend payout of ₦1.00 per 50k ordinary share for the 2025 financial year.
Management Remarks.
The Managing Director, Mr. Roger Adou, described 2025 as a defining year for the company, noting that despite inflation, foreign exchange volatility, high interest rates, and supply chain disruptions, the company achieved a strong turnaround through operational efficiency and disciplined execution.
He highlighted improvements in factory operations, supply chain optimisation, route-to-market strengthening, and commercial performance. He also noted progress in dairy development, with over 13,000 farmers trained and a 19 percent increase in raw milk collection.
The Chairman of the Board, Mr. Olayinka Sanni, described the year as one of recovery and resilience, adding that the company’s improved performance reflected strategic discipline and effective management despite economic headwinds.
Outlook for 2026
The company expressed optimism for 2026, noting projections of 4.4 percent economic growth for Nigeria, according to the International Monetary Fund (IMF). However, it acknowledged ongoing challenges such as inflation, energy costs, insecurity, and supply chain disruptions.
FrieslandCampina WAMCO reaffirmed its commitment to sustainable growth, dairy development, innovation, and operational efficiency to deliver long-term value to stakeholders.
