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Unilever (UL) H2 2025 vs H1 2025 (quarter over quarter)

Unilever's revenue fell $509M (-2%) from $25.5B in H1 2025 to $25.0B in H2 2025. Operating margin 17.1% against 18.7% (-1.6 pts).

Unilever, H2 2025: revenue $25.0B, operating margin 17.1%, net earnings $6.4B. The chart draws each line against H1 2025, the increases inside each band.

Unilever: what changed, H2 2025 vs H1 2025Unilever: what changed, H2 2025 vs H1 2025Other income, net$3.8BPre-tax earnings$3.3BNet earnings$3.2BOperating profit−$487MIncome tax$153MMinority interests−$56.0MCosts & expenses−$22.0M

Margins

H2 2025H1 2025Change
Operating margin17.1%18.7%-1.6 pts
Net margin25.4%12.2%+13.2 pts

Every line

LineH2 2025H1 2025Change%
Revenue$25.0B$25.5B−$509M-2%
Other income, net$3.6B−$187M$3.8B—
Operating profit$4.3B$4.8B−$487M-10%
Costs & expenses$20.7B$20.7B−$22.0M-0.1%
Pre-tax earnings$7.9B$4.6B$3.3B+73%
Net earnings$6.4B$3.1B$3.2B+104%
Minority interests$243M$299M−$56.0M-19%
Income tax$1.3B$1.2B$153M+13%

Questions

How much did Unilever's revenue grow quarter over quarter in H2 2025?

Unilever's revenue fell $509M (-2%) from $25.5B in H1 2025 to $25.0B in H2 2025. Operating margin 17.1% against 18.7% (-1.6 pts).

H2 2025 results → · Compare in the interactive Sankey →