UNILEVER (UL) Company Report

Unilever announced an update to the expected timetable for the demerger of The Magnum Ice Cream Company N.V. (TMICC) and the associated share consolidation, following a revision due to a US federal government shutdown.
The demerger is now expected to be completed on December 6, 2025, with TMICC shares commencing trading on Euronext Amsterdam, the London Stock Exchange, and the New York Stock Exchange on December 8, 2025.
The share consolidation is anticipated to be completed on December 9, 2025, with new Unilever Shares and ADSs beginning trading on their respective exchanges on the same day.
TMICC publicly filed a registration statement on Form 20-F with the U.S. Securities and Exchange Commission (SEC) on November 4, 2025, relating to the contemplated admission of TMICC shares to listing and trading on the New York Stock Exchange.

Nov 4, 2025, 8:20 PM

6-K

Unilever Shareholders Approve Share Consolidation and Share Buyback Authority

M&A

Share Buyback

Proxy Vote Outcomes

Unilever PLC shareholders approved two special resolutions at a General Meeting held on October 21, 2025, in connection with the proposed demerger of The Magnum Ice Cream Company N.V..
The first resolution, approving the Share Consolidation and an amendment to the Company's articles of association, passed with 99.95% of votes "For" from 75.03% of share capital validly cast.
The second resolution, approving amendments to the Company's authority to purchase its own shares, also passed with 99.95% of votes "For" from 75.30% of share capital validly cast.
The timetable for the demerger and share consolidation will be revised due to the ongoing US federal government shutdown.

Oct 21, 2025, 11:01 AM

6-K

Unilever Updates Demerger and Share Consolidation Timetable

M&A

Guidance Update

Unilever PLC announced a revision to the timetable for the demerger of The Magnum Ice Cream Company N.V..
This delay is due to the ongoing US federal government shutdown, which is preventing the US Securities and Exchange Commission from declaring effective the necessary registration statement for The Magnum Ice Cream Company N.V. shares to be listed on the New York Stock Exchange.
Despite the revised timetable, Unilever states that preparatory work for the demerger is on track and progressing well, and the company remains committed to implementing the Demerger in 2025.
The general meeting of Unilever shareholders to vote on the proposed consolidation of Unilever’s share capital will proceed as scheduled on October 21, 2025, although the timetable for its implementation will also be revised.

Oct 21, 2025, 10:26 AM

6-K

Unilever Publishes Shareholder Circular for Ice Cream Business Demerger and Share Consolidation

M&A

New Projects/Investments

Unilever PLC published a shareholder circular on October 2, 2025, detailing the planned demerger of its ice cream business and a proposed share consolidation.
The demerger will establish The Magnum Ice Cream Company N.V. (TMICC) as a separate listed company, with completion anticipated on November 8, 2025, and TMICC shares expected to begin trading on November 10, 2025.
Shareholder approval for the Share Consolidation will be sought at a General Meeting on October 21, 2025, with the consolidation becoming effective on November 11, 2025, subject to approval and demerger completion.

Oct 2, 2025, 10:08 AM

6-K

Unilever Appoints New Chief Financial Officer

CFO Change

Management Change

Executive Compensation

Unilever PLC has appointed Srinivas Phatak as its new Chief Financial Officer (CFO), effective immediately.
Srinivas Phatak had been serving as acting CFO since February 2025, prior to which he was the Deputy Chief Financial Officer and Group Controller.
The Unilever Board's decision was unanimous, based on his strong industry and functional experience and performance as acting CFO.
His remuneration package includes an annual fixed pay of EUR1.175m, eligibility for annual bonus, and Performance Share Plan awards.

Sep 16, 2025, 10:58 AM

6-K

Unilever Highlights Strong 2024 Performance and Strategic Priorities for 2025

Guidance Update

M&A

Revenue Acceleration/Inflection

Unilever delivered strong financial results in 2024, including $11 billion profit, an 18.4% underlying operating margin, and $7 billion cash, returning $5.8 billion to shareholders. The company achieved 2.9% volume growth in 2024, its highest in a decade, and expects 3% to 5% USG and at least 18.9% underlying operating margin for 2025.
The company is undergoing significant portfolio transformation, including the separation of its Ice Cream business by November 2025 and focusing on 30 power brands that accounted for 75% of revenue and 3.8% volume growth in 2024. This shift is expected to increase gross margin to close to 47%.
Unilever is prioritizing growth in the U.S. and India, which will represent 32% of revenue after the Ice Cream separation. The U.S. business has shown four consecutive quarters of volume growth around 4%, while India aims to align its volume growth with the country's 5-6% real GDP growth.
Operational improvements include an 18% reduction in white-collar workforce and projected $800 million in savings by the end of 2026, with $650 million achieved by the end of 2025. Unilever also increased its marketing budgets by 33% over the last four to five years, with over 15% investment in brand and marketing in 2024.

Sep 3, 2025, 2:04 PM

Unilever PLC Announces First Half 2025 Results and Outlook

Earnings

Guidance Update

New Projects/Investments

Unilever PLC reported First Half 2025 underlying sales growth of 3.4% and turnover of €30.1 billion.
Underlying operating profit for the first half was €5.8 billion, with an underlying operating margin of 19.3%.
The company completed a €1.5 billion share buyback by the end of May and declared a quarterly dividend of €0.4528 per share, representing a 3% increase versus Q2 2024.
The operational separation of the Ice Cream business is complete, and the demerger is on track for mid-November 2025.
For full year 2025, Unilever expects underlying sales growth to be within the 3% to 5% range and anticipates an improvement in underlying operating margin, with second half margins of at least 18.5%.

Jul 31, 2025, 12:00 AM

6-K

Unilever PLC Announces Share Buyback Transaction

Share Buyback

Unilever PLC executed a share buyback transaction with a volume weighted average price of GBP 487548 paid per share.
The purchase was made pursuant to broker instructions and is part of the company’s ongoing share buyback programme.

May 1, 2025, 12:00 AM

6-K

Unilever PLC Reports AGM Resolutions

Proxy Vote Outcomes

Board Change

AGM held on 30 April 2025 resulted in the approval of all resolutions, with both ordinary and special resolutions passed during the meeting.
The meeting confirmed key board appointments and re-elections including directors such as Benoît Potier, Zoe Yujnovich, and others.

Apr 30, 2025, 12:00 AM

6-K

Unilever Q1 2025 Performance, Strategy & Trading Update

CEO Change

CFO Change

Guidance Update

Share Buyback

M&A

Strategic Transformation: CEO Fernando Fernandez outlined an agenda to accelerate consumer-driven innovation, optimize the portfolio, and improve market execution to boost brand demand and capital allocation .
Q1 Performance: CFO Srini Phatak reported 3% underlying sales growth in Q1, with resilient trading delivering a turnover of €14.8bn despite a 0.9% decline from disposals and currency impacts .
Full-Year Outlook: Guidance was reaffirmed at 3% to 5% underlying sales growth, supported by strong developed market performance and targeted emerging region interventions .
Operational Enhancements: The call detailed sales force restructuring, progress in digital transformation, and a productivity programme expected to deliver €550 million in savings .
Capital Returns: The update included details on an ongoing €1.5 billion share buyback .
Ice Cream Business Separation: Plans for demerger are on track with a Capital Markets Day on September 9 and a final separation scheduled for Q4 2025 .

Apr 24, 2025, 7:01 AM

Transcript 6-K

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