UAC of Nigeria (UACN) Q3 2026 earnings summary

Executive summary

• 9M revenue rose 227.7% YoY to N522,995,610 thousand; operating profit reached N59,534,865 thousand and PBT N37,690,502 thousand, with results including a full year of C.H.I. consolidation.

• Q3 revenue increased 221.4% YoY to N158,025,465 thousand; PBT was N3.2bn versus a N703mn loss in Q3 2025.

Financial highlights

• 9M gross profit was N142,548,411 thousand, up from N39,371,970 thousand; gross margin expanded 258bps to 27.3%.

• 9M operating profit rose to N59,534,865 thousand from N13,417,065 thousand; EBIT margin increased 298bps to 11.4%.

• 9M profit for the period was N21,911,769 thousand; net profit attributable to equity holders was N21,121,432 thousand and basic EPS was 722 kobo versus 179 kobo.

• Q3 net profit was N1,885,866 thousand versus a N1,976,132 thousand loss; basic EPS was 63 kobo versus a loss per share of 59 kobo.

Outlook and guidance

• Focus remained on completing announced divestments, continued deleveraging and executing the value-creation plan.

• Sale agreements for Livestock Feeds and DP World Logistics were subject to regulatory approval; DP World Logistics completion was expected within 12 months.