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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Unilever Nigeria's retained earnings for the quarter that ended in Dec. 2025 was ₦47,771 Mil.
Unilever Nigeria's quarterly retained earnings
increased
from Jun. 2025 (₦32,645 Mil) to Sep. 2025 (₦37,348 Mil) and
increased
from Sep. 2025 (₦37,348 Mil) to Dec. 2025 (₦47,771 Mil).
Unilever Nigeria's annual retained earnings
increased
from Dec. 2023 (₦14,824 Mil) to Dec. 2024 (₦25,421 Mil) and
increased
from Dec. 2024 (₦25,421 Mil) to Dec. 2025 (₦47,771 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Unilever Nigeria Retained Earnings Historical Data
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The historical data trend for Unilever Nigeria's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of ₦47,771 Mil mean?
Unilever Nigeria (NSA:LEVBROS) has a Retained Earnings of ₦47,771 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Unilever Nigeria and its competitors.
Is Unilever Nigeria's Retained Earnings too high?
Unilever Nigeria's current Retained Earnings is ₦47,771 Mil. Overall, Unilever Nigeria has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Unilever Nigeria's Retained Earnings compare to PG and CL?
Unilever Nigeria's Retained Earnings of ₦47,771 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Consumer Packaged Goods company?
A good Retained Earnings depends on the Consumer Packaged Goods industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Unilever Nigeria and its competitors. Unilever Nigeria's current Retained Earnings is ₦47,771 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unilever Nigeria stock overvalued right now?
Based on GuruFocus' analysis, Unilever Nigeria (NSA:LEVBROS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦52.18, compared to a current price of ₦124.00 — trading 137.6% above its estimated fair value. The current Retained Earnings is ₦47,771 Mil. Unilever Nigeria's overall GF Score™ is 83/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Unilever Nigeria (NSA:LEVBROS), the current Retained Earnings is ₦47,771 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Unilever Nigeria (NSA:LEVBROS) Overvalued in 2026?
Based on GuruFocus' analysis, Unilever Nigeria stock appears to be overvalued.
The current stock price of ₦124.00 is trading 137.6% above its estimated GF Value™ of ₦52.18.
GuruFocus considers Unilever Nigeria to be Significantly Overvalued.
Key valuation signals for NSA:LEVBROS:
Retained Earnings: ₦47,771 Mil
GF Value™: ₦52.18 vs. price of ₦124.00 (137.6% above fair value)
No single metric tells the full story. See the NSA:LEVBROS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Unilever Nigeria PLC is principally involved in the manufacture and marketing of Nutrition, Beauty & Wellbeing, and Personal Care products. It has manufacturing sites in Oregun, Lagos State, and Agbara, Ogun State. The company's operating segments are: Foods, Personal Care, and Beauty & Wellbeing. Maximum revenue is generated from the Foods segment, which includes the sale of savoury products. The Personal Care segment includes the sale of oral care and deodorant products, and the Beauty & Wellbeing segment includes sales of skin care products. Geographically, the company generates maximum revenue from its business in Nigeria, and to a lesser extent, also exports its products to other countries.
83GF Score
Get the complete analysis for NSA:LEVBROS
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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