Key Factors
- FMN’s income soared 75.98% to N1.7 trillion ($1.01 billion), pushed by robust performances in its meals and sugar divisions.
- The corporate reported a 53% enhance in gross revenue to N161.1 billion ($96.36 million), reflecting efficient value administration.
- CEO Boye Olusanya highlighted FMN’s strategic agility, specializing in native content material and sustainable development amid Nigeria’s financial challenges.
Flour Mills of Nigeria Plc (FMN), the Lagos-based agro-allied firm led by Greek multimillionaire John Coumantaros, reported robust half-year 2025 (H1 2025) outcomes for the interval ending Sept. 30, 2024, regardless of Nigeria’s difficult macroeconomic situations.
Income surge and powerful efficiency throughout divisions
FMN’s income surged 75.98 %, climbing from N964.6 billion ($576.26 million) in the identical interval final 12 months to N1.7 trillion ($1.01 billion). This spectacular development was pushed by the corporate’s strong efficiency in each its meals and sugar divisions.
The meals section noticed a outstanding 74-percent enhance in income, reaching N1.14 trillion ($682.72 million). The sugar division carried out even higher, with an 84-percent rise in income to N274.2 billion ($163.92 million).
Regardless of Nigeria’s persistent financial challenges, together with forex devaluation and inflation, FMN managed to capitalize on robust demand and optimized materials prices in its core divisions, which contributed to its development trajectory.
Profitability will increase amid inflation and forex fluctuations
FMN additionally reported important profitability beneficial properties. The corporate’s gross revenue elevated by 53 % to N161.1 billion ($96.36 million), whereas working revenue rose by 40 %, reaching N105.9 billion ($63.32 million). These outcomes have been pushed by operational effectivity and efficient value administration methods amid unstable market situations.
CEO applauds strategic agility amid financial headwinds
Boye Olusanya, Group Managing Director and CEO of Flour Mills, praised the corporate’s skill to navigate a difficult financial panorama. “Our give attention to native content material growth and sustainable development has been key to overcoming challenges, together with FX volatility and rising rates of interest,” stated Olusanya. “These outcomes display our agility and the energy of our strategic initiatives in driving development throughout all enterprise segments.”
Legacy of management and future outlook
Flour Mills owes its place as a frontrunner in Nigeria’s agro-allied sector to the visionary management of its founder, George Coumantaros, and his son, present chairman John Coumantaros. As the bulk shareholder with a 63.34-percent stake in FMN by means of Excelsior Transport Firm, John Coumantaros continues to information the corporate in direction of long-term success.
Wanting forward, FMN goals to leverage its H1 success by means of strategic value optimization, product innovation, and partnerships to drive additional development throughout Africa. The corporate stays dedicated to its mission of “Feeding and Enriching Lives, Day-after-day,” reinforcing its management in Nigeria’s meals and agro-allied industries.
