FrieslandCampina WAMCO Nigeria Plc has announced, at its 53rd Annual General Meeting, that it’s gross profit for the year reached about ₦119 billion and that the board approved dividend payments to shareholders. Representing a strong financial rebound, FCW reported a 25% rise in revenue to ₦615.9 billion for 2025 . The company, best known for brands such as Three Crowns Milk, Peak Milk, Olympic and Nunu, said the results mark a sharp turnaround for the dairy maker, which suffered losses in 2024 amid tough macroeconomic conditions and high operating costs.
The WAMCO management attributed the recovery to several practical measures including tighter cost control across manufacturing and distribution, more efficient commercial execution, targeted market expansion, and a stronger focus on local dairy development that boosted raw milk supplies, they explained that operational improvements across production lines and supply chains helped restore margins. The company executives also pointed to better inventory and cash flow management, improved route-to-market execution and a favourable mix of higher margin products as drivers of the rebound.
At the AGM, board leaders highlighted the scale of the recovery. They described 2025 as a year of strategic consolidation: the business restructured certain cost bases, recalibrated pricing where necessary, and reinforced relationships with distributors and retailers to stabilise sales. These steps, the board said, translated into stronger topline performance and a healthier balance sheet.
FrieslandCampina WAMCO’s first quarter 2026 unaudited interim results, released alongside the AGM presentations, showed continued momentum. Revenue for Q1 rose to N182.9 billion, up 14% year on year, and the company reported a substantial improvement in net profit compared with the same period in 2025. Management said improved gross margin, disciplined spending and a reduction in finance costs were contributing to the better quarterly outcome.
Company officials also discussed governance and shareholder returns at the meeting. The board’s decision to pay dividends was framed as a sign of restored confidence in the business’s cash generating ability and an acknowledgement of shareholder patience during the turnaround. Executives emphasised that dividends were balanced against the need to retain capital for continued investment in factories, route to market capability and dairy development initiatives.
Board chairman and senior executives used the AGM to reassure investors that the company remains focused on sustainable growth. They pledged to keep investing in local procurement, production efficiency and product innovation, while maintaining strict cost discipline. The management said these priorities would help the company withstand macroeconomic volatility and secure long-term value for shareholders and local dairy partners.
FrieslandCampina WAMCO concluded the AGM with the clear message that the company has stabilised its operations and is positioning itself for steady, sustainable growth driven by local dairy development and operational efficiency.
