Unilever PLC

Latest Results (13.03.2026):

Unilever PLC — Third Quarter 2025: Unilever PLC reported broad‑based underlying sales growth of 3.9% in Q3 2025 (4.0% excluding Ice Cream), with underlying volume growth of 1.5% and underlying price growth of 2.4%; turnover was €14.7bn, down 3.5% year‑on‑year after a c.6.1% negative currency impact and c.1.0% from net disposals.

Key financials (Q3 2025)

Underlying sales growth (USG) 3.9%; underlying volume growth (UVG) 1.5%; underlying price growth (UPG) 2.4%. Turnover €14.7bn, -3.5% year‑on‑year (currency -6.1%, disposals -1.0%). Power Brands drove performance, contributing 78% of turnover and delivering 4.4% USG.

Business group performance (Q3 2025)

All Business Groups delivered USG above 3%: Beauty & Wellbeing +5.1% (volume +2.3%, price +2.7%), Personal Care +4.1% (volume +1.0%, price +3.1%), Home Care +3.1% (volume +2.5%), Foods +3.4% (volume +1.3%), Ice Cream +3.7% (price-led, volume flat).

Geography highlights (Q3 2025)

Emerging markets USG stepped up to 4.1%; developed markets USG 3.7% with North America especially strong at 5.5% (volume +5.4%). Asia Pacific Africa grew 6.8% (Indonesia +12.7%; India +2% impacted by GST reforms). Latin America declined -2.5% (volume weakness).

Dividend, capital and M&A (Q3 2025)

Q3 2025 quarterly interim dividend declared at €0.4528 per Unilever PLC share (up 3% versus Q3 2024). Unilever completed acquisition of Dr. Squatch and sold The Vegetarian Butcher during the period.

Ice Cream demerger and share actions (Q3 2025)

Unilever expects the Ice Cream demerger (to form The Magnum Ice Cream Company) to complete in Q4 2025; Unilever will retain ~19.9% for up to five years. A share capital consolidation is planned to maintain comparability post‑demerger.

Productivity and costs (Q3 2025)

Productivity programme remains ahead of plan toward an €800m target, with ~€650m savings expected by end‑2025 and the remainder in 2026. Full‑year 2025 restructuring costs now anticipated to be lower, around 1.2% of turnover.

Outlook (full year 2025)

Outlook reconfirmed: expected full‑year underlying sales growth 3%–5% (applies including and excluding Ice Cream). Unilever expects an improvement in underlying operating margin for 2025, with H2 margins of at least 18.5% (or ≥19.5% excluding Ice Cream).