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UAC of Nigeria PLC - Q2 and H1 2026 Unaudited Results NGX Ticker : UACN PRESS RELEASE Regulated information uac since 1679 Financial Results for the second quarter and six months ended 30 June 2026 29 July 2026 - UAC of Nigeria PLC ( " UAC " ) announced its results for the period ended 30 June 2026 . H1 2026 Highlights Revenue grew 3.3x to # 365bn and gross profit 3.7x to # 105bn , driven by the consolidation of C.H.I Limited . Operating profit rose 3.9x to # 49bn ( EBIT margin 13.4 % ) . Profit Before Tax grew 3.1x to # 34bn . Q2 2026 Highlights • • • Revenue of # 174bn , 3.2x Q2 2025 , driven by the contribution of C.H.I. Limited ( " C.H.I. " ) , which supported the + 610 % growth in the Packaged Food and Beverages segment , and sales growth in the Paints segment ( + 8.1 % ) . # 50bn gross profit , 3.6x Q2 2025 ( # 14bn ) . Gross margin expanded 290bps to 28.6 % , reflecting earnings mix ( greater contribution from higher - margin Food and Beverages segment ) , and moderating input costs . # 21bn operating profit , 3.6x Q2 2025 ( # 5.8bn ) . EBIT margin expanded 124bps to 11.8 % , reflecting gross margin expansion . • Profit before tax of # 12bn , 96 % higher than Q2 2025 PBT of # 6.1bn . Commenting on the results , Group Managing Director , Fola Aiyesimoju , stated : " Our results for the first half of 2026 reflect progress against the objectives to deliver scale , integrate C.H.I. under UAC's ownership , drive margin expansion , and optimise working capital . Group revenue grew 3.3x to # 365bn , operating profit 3.9x to # 49bn and profit before tax 3.1x to # 34bn , driven by growth in our Packaged Food and Beverages and Paints businesses ; performance in our Edibles and Feed businesses was mixed and our Quick Service Restaurants business continued to be challenging . Net debt reduced by # 37bn on account of strong cash generation . We remain focused on implementing our plan to drive value creation . " Group Highlights In million N , unless otherwise stated Q2 2026 Revenue Gross Profit Gross Profit Margin ( % ) Selling and Distribution Expenses Q2 2025 173,746 54,402 49,744 14,000 28.6 % 25.7 % ( 18,524 ) ( 3,643 ) A % H1 2026 H1 2025 219 % 364,970 110,406 255 % 104,558 28,256 290 bps 28.6 % 25.6 % 409 % ( 34,078 ) ( 7,024 ) A % 231 % 270 % 306 bps 385 % Administrative Expenses ( 11,744 ) ( 5,255 ) Operating Expenses ( 30,268 ) ( 8,898 ) Operating Expenses ( % of revenue ) 17.4 % 16.4 % Other income 1,096 EBIT 20,571 662 5,764 EBIT Margin ( % ) 11.8 % 10.6 % Net Finance Cost ( 9,366 ) ( 1,532 ) 123 % ( 23,053 ) ( 9,992 ) 240 % ( 57,131 ) ( 17,016 ) 107 bps 15.7 % 15.4 % 65 % 1,539 1,353 257 % 48,966 12,593 124 bps 13.4 % 512 % ( 15,854 ) 131 % 236 % 24 bps 14 % 289 % 11.4 % 201 bps ( 3,619 ) 338 % Share of Profit of Associates 652 1,825 Profit Before Tax 11,857 6,058 Profit Before Tax Margin ( % ) 6.8 % 11.1 % ( 431 bps ) Profit for the period 6,382 4,042 Profit Margin ( % ) 3.7 % 7.4 % ( 64.3 % ) 96 % 34,445 9.4 % 58 % 20,026 ( 376 bps ) 5.5 % 1,334 2,126 ( 37 % ) 11,100 210 % 10.1 % ( 62 bps ) 7,359 172 % 6.7 % ( 118 bps ) Basic Earnings Per Share ( EPS ) : For the Period ( Kobo ) 209 132 59 % 658 238 177 % Annualised Return on Equity ( ROE ) 52.0 % Annualised Return on Invested Capital ( ROIC ) 25.2 % 20.0 % 39.6 % 3,192 bps ( 1,436 bps )