UNILEVER PLC
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2025 · Filed Mar 12, 2026
Use the contents to explore the available documents and sections.
UL$66.00-2.5%Stored close · as of Nov 6, 2026
Contents
2. Segment information
- Segment information
| Segmental reportingFollowing the demerger of the Ice Cream business, the Group’s operating and reportable segments are the four Business Groups of Beauty & Wellbeing, Personal Care, Home Care and Foods (previously reported as Nutrition). The segmental disclosure provided is consistent with information reviewed by our chief operating decision-maker, the Unilever Leadership Executive. | |
|---|---|
| Beauty & Wellbeing | ■primarily sales of hair care (shampoo, conditioner, styling), skin care (face, hand and body moisturisers), and includes Prestige Beauty and Wellbeing. |
| Personal Care | ■primarily sales of skin cleansing (soap, shower), deodorant and oral care (toothpaste, toothbrush, mouthwash) products. |
| Home Care | ■primarily sales of fabric care (washing powders and liquids, rinse conditioners) and a wide range of home and hygiene cleaning products. |
| Foods (previously Nutrition) | ■primarily sales of cooking aids & mini-meals (soups, bouillons, seasonings), condiments (mayonnaise, ketchup) and Unilever Food Solutions. |
| RevenueTurnover comprises sales of goods after the deduction of discounts, sales taxes and estimated returns. It does not include sales between group companies. Discounts given by Unilever include rebates, price reductions and incentives given to customers, promotional couponing and trade communication costs, and are based on the contractual arrangements with each customer. Discounts can either be immediately deducted from the sales value on the invoice or off-invoice and settled later through credit notes when the precise amounts are known. Amounts provided for discounts at the end of a period require estimation; historical data and accumulated experience are used to assess the provision using the most likely amount method and in most instances, the discount can be recognised using known facts with a high level of accuracy. Any differences between actual amounts settled and the amounts provided are recognised in the subsequent reporting period and are not material year-on-year. Rebate accruals, representing the unsettled portion of variable consideration due back to customers not yet invoiced, totalled €3,481 million at 31 December 2025 (2024: €3,815 million; 2023: €3,816 million).Customer contracts generally contain a single performance obligation and turnover is recognised when control of the products being sold has transferred to our customer, as there are no longer any unfulfilled obligations to the customer. This is generally on delivery to the customer but depending on individual customer terms, this can be at the time of dispatch, delivery or upon formal customer acceptance. This is considered the appropriate point where the performance obligations in our contracts are satisfied as Unilever no longer has control over the inventory.Our customers have the contractual right to return goods only when authorised by Unilever. If material, an estimate is made of goods that will be returned, and a liability is recognised for this amount. An asset is then recorded for the corresponding inventory that is estimated to return to Unilever using a best estimate based on accumulated experience. Our customers are distributors who may be able to return unsold goods in consignment arrangements.Underlying operating profitUnderlying operating profit means operating profit before the impact of non-underlying items within operating profit. Underlying operating profit represents our measure of segment profit or loss as it is the primary measure used for the purpose of making decisions about allocating resources and assessing performance of segments. Items are classified as non-underlying due to their nature and/or frequency of occurrence. | |
Our segments are comprised of similar product categories.8 categories (2024:8;2023:8) individually accounted for 5% or more of our revenue in one or more of the
last three years. The following table shows the relevant contribution of these categories to Group revenue for the periods shown:
| Category | Segment | 2025 | 2024(a) | 2023(a) |
|---|---|---|---|---|
| Fabric | Home Care | 17% | 17% | 18% |
| Hair Care | Beauty & Wellbeing | 12% | 12% | 12% |
| Skin Cleansing | Personal Care | 12% | 12% | 12% |
| Cooking Aids* | Foods | 12% | 12% | 11% |
| Deodorant | Personal Care | 11% | 11% | 10% |
| Condiments* | Foods | 8% | 8% | 8% |
| Skin Care | Beauty & Wellbeing | 8% | 8% | 8% |
| Home & Hygiene | Home Care | 5% | 5% | 5% |
| Other | 15% | 15% | 16% |
- Cooking Aids previously reported as Scratch Cooking Aids; Condiments previously reported as Dressings.
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