Filing Flows › Unilever (UL) › H1 2025
Unilever (UL) H1 2025 earnings results (H1 2025)
6-K filed Jul 31, 2025
Unilever (UL) reported revenue of $30.1B for the H1 2025 (H1 2025), -3% from a year earlier. Operating margin was 17.6%, net earnings $3.5B (11.7% of revenue).
Unilever, H1 2025: revenue $30.1B (-3% year over year), operating margin 17.6%, net earnings $3.5B, operating cash flow $3.5B. The chart follows the revenue to costs, profit and cash.
| H1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.1B | — | -3% |
| Operating profit | $5.3B | — | -11% |
| Net earnings | $3.5B | — | -5% |
| Operating cash flow | $3.5B | — | -25% |
| Free cash flow | $2.8B | — | -30% |
What changed
Revenue was €30.1B in H1 2025, down 3% year over year.
Operating profit was €5.3B, a 17.6% margin (down 1.5 points year over year). Total costs fell 1% while revenue fell 3%. Net earnings were €3.5B, down 5% year over year. The effective tax rate was 25.2%.
Operating cash flow was €3.5B (down 25% year over year), 93% of net income including minority interests. Working capital and other items used €0.28B. Capital expenditures of €0.70B left free cash flow of €2.8B.
Questions
What was Unilever's revenue in the H1 2025?
Unilever (UL) reported revenue of $30.1B for the H1 2025 (H1 2025), -3% from a year earlier.
Was Unilever profitable in the H1 2025?
Operating profit was $5.3B (17.6% of revenue) and net earnings $3.5B.
Source: Unilever 6-K on SEC EDGAR.