Filing Flows › Unilever (UL) › H2 2025
Unilever (UL) H2 2025 earnings results (H2 2025)
20-F filed Mar 12, 2026
Unilever (UL) reported revenue of $25.0B for the H2 2025 (H2 2025) and -2% from the quarter before. Operating margin was 17.1%, net earnings $6.4B (25.4% of revenue).
Unilever, H2 2025: revenue $25.0B, operating margin 17.1%, net earnings $6.4B. The chart follows the revenue to costs, profit and cash.
| H2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.0B | -2% | — |
| Operating profit | $4.3B | -10% | — |
| Net earnings | $6.4B | +104% | — |
What changed
Revenue was €25.0B in H2 2025, down 2% from the previous half.
Operating profit was €4.3B, a 17.1% margin. Net earnings were €6.4B. The effective tax rate was 16.6%. Non-operating items added €3.6B, 46% of pre-tax earnings, so the bottom line overstates operating performance.
Questions
What was Unilever's revenue in the H2 2025?
Unilever (UL) reported revenue of $25.0B for the H2 2025 (H2 2025) and -2% from the quarter before.
Was Unilever profitable in the H2 2025?
Operating profit was $4.3B (17.1% of revenue) and net earnings $6.4B.
Source: Unilever 20-F on SEC EDGAR.