Despite economic headwinds and currency volatility, several Nigerian companies have delivered exceptional profits in the first half of 2025, cementing their place as industry leaders. From banking giants to energy conglomerates and fast-moving consumer goods firms, these companies are driving investor confidence and economic resilience.

Here’s Rankbank’s definitive mid-year list of the Top 10 Most Profitable Nigerian Companies in 2025 (so far)—ranked by net profit before tax:

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1. Dangote Cement Plc

Net Profit (H1 2025): ₦277 billion
Africa’s largest cement manufacturer continues to dominate the construction and infrastructure market, expanding exports across West and Central Africa.

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2. MTN Nigeria Communications Plc

Net Profit (H1 2025): ₦209 billion
With over 80 million subscribers, MTN leads the telco race in Nigeria, leveraging data growth, fintech expansion, and 5G rollout to boost margins.

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3. Zenith Bank Plc

Net Profit (H1 2025): ₦190 billion
Zenith retains its title as Nigeria’s most profitable bank, thanks to a strong digital transformation strategy, customer growth, and non-interest income.

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4. Seplat Energy Plc

Net Profit (H1 2025): ₦162 billion
Seplat benefits from stable oil prices and increased gas production. Its dual listing on the NGX and LSE adds to investor confidence.

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5. BUA Cement Plc

Net Profit (H1 2025): ₦143 billion
BUA Cement’s continued expansion and competitive pricing model make it a strong rival to Dangote, especially in Northern and Central Nigeria.

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6. Guaranty Trust Holding Company (GTCO)

Net Profit (H1 2025): ₦136 billion
GTCO’s transition into a holding company is yielding results, with significant growth from its non-banking subsidiaries and retail strategy.

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7. Nestlé Nigeria Plc

Net Profit (H1 2025): ₦118 billion
Despite inflationary pressures, Nestlé Nigeria maintains strong demand for its food and beverage products, with Milo, Maggi, and Nescafé leading the charge.

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8. Nigerian Breweries Plc

Net Profit (H1 2025): ₦97 billion
The country’s leading brewer saw a rebound in sales driven by events, nightlife, and new product innovations in the premium lager segment.

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9. Access Holdings Plc

Net Profit (H1 2025): ₦90 billion
Access Bank’s Pan-African strategy continues to drive earnings, with revenue surges from subsidiaries in Ghana, Kenya, and Rwanda.

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10. TotalEnergies Nigeria Plc

Net Profit (H1 2025): ₦81 billion
As energy demand spikes, TotalEnergies maintains market leadership in downstream operations while investing in solar and clean energy projects.

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Honourable Mentions:

• FBN Holdings (₦77 billion)
• UBA Plc (₦74 billion)
• Oando Plc (₦69 billion)

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Conclusion

These companies are not only market leaders in profit but also key contributors to Nigeria’s economic stability in an unpredictable global climate. Investors, analysts, and business stakeholders are keeping a close eye on their Q3 and Q4 strategies as the year unfolds.