Nestlé Côte d’Ivoire Reports 21.3% Drop in Net Profit in Q3 2025

Nestlé Côte d’Ivoire, the Ivorian subsidiary of Swiss multinational Nestlé, has announced a 21.3% decline in net profit for the third quarter of 2025, falling to 11.9 billion CFA francs (USD 21.1 million), weighed down by rising raw material costs, according to its activity report released on Tuesday.

Revenue stood at 173.4 billion CFA francs, a slight increase of 1.36% compared to the same period in 2024. Operating profit amounted to 19.7 billion CFA francs, a 15.9% decrease, driven by persistent inflation in key inputs such as milk and cereals, which represent a significant portion of the company’s product portfolio.

This slowdown comes after a strong performance in 2024, when Nestlé Côte d’Ivoire recorded a 9.6% increase in net profit, reaching 18.1 billion CFA francs, up from 16.6 billion the previous year. Annual revenue then reached approximately 224 billion CFA francs, supported by renewed local consumption and growing exports to Sahel markets.

During the first half of 2025, the subsidiary had already shown signs of deceleration, with net profit estimated at 11.8 billion CFA francs, a modest increase compared to the first half of 2024 — early signs of the momentum loss observed this year.

Despite this downturn, Managing Director Mohamad Itani stated that the company remains on a “positive trajectory,” emphasizing that “creating value for consumers and the continuous pursuit of efficiency across our value chain remain priorities.” Nestlé Côte d’Ivoire says it is continuing efforts to cut costs while maintaining investments in its flagship brands and distribution channels.

The launch of the new 200g Cerelac format helped support sales growth in the third quarter, while investments continue in the Yopougon and Zone 4 factories to modernize production, the company added.

In a regional context marked by high logistics costs and energy price volatility, Nestlé Côte d’Ivoire expects a gradual improvement in profitability in the fourth quarter of 2025, supported by ongoing efficiency measures and stabilizing consumer markets in West Africa.