UAC of Nigeria Plc has released its financial results for the third quarter (Q3) and nine months (9M) ended September 30, 2026. Its revenue grew 228 percent to N523billion, gross profit increased 262 percent to N143billion, and operating profit was 344 percent higher at N60billion.
Profit before tax (PBT) of N38billion was 263 percent higher than prior year PBT of N10billion. Its profit for the nine-month period increased to N21.912billion from N5.383billion in the nine-month period of 2025, up 307.1 percent.
Fola Aiyesimoju, group managing director, UACN stated: “Our results for the first nine months of 2026 reflect continued progress against our objectives. Group revenue grew 3.3x to N523billion, operating profit 4.4x to N60 billion, and profit before tax 3.6x to N38billion, driven by our Packaged Food and Beverages and Paints businesses.
“Strong cash generation, supported by working capital release, delivered free cash flow of N98billion. During the quarter, we entered into agreements to sell our shareholdings in Livestock Feeds Plc and DP World Logistics Limited, subject to regulatory approvals. We remain focused on implementing our plan to drive value creation, including the completion of the announced divestments and continued deleveraging.”
Iheanyi Nwachukwu, is a creative content writer with over two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Deputy Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
