Nestlé 2025 Results: Pet Care Revenue Near RMB 160 Billion, Now the Group’s Second-Largest Business

Recently, Nestlé released its full-year 2025 financial results. The company reported total revenue of CHF 89.49 billion (approximately RMB 774 billion), down 2% year-on-year, while net profit fell 17% to CHF 9.03 billion. In Greater China, sales reached CHF 4.88 billion, with organic growth of –6.4%.

In the pet care segment, Nestlé generated CHF 18.41 billion in revenue (over RMB 158 billion), accounting for 20.6% of total group sales and making it the company’s second-largest business division. Compared with CHF 18.88 billion in 2024, pet care revenue declined 2.5%, marking its first drop after several consecutive years of growth.

The pet care division posted an operating margin of 20.69%, slightly lower than 21.49% in 2024. Despite the decline, profitability remained strong—second only to the dairy and ice cream division (22.21%) and well above the group average margin of 14.16%.

Nestlé stated that it will continue to focus on its three global growth engines—coffee, pet care, and nutrition—which together account for around 70% of total sales. The company also maintains leadership positions in several food and confectionery categories across regional markets.

Regionally, the Asia, Oceania and Africa (AOA) zone recorded organic growth of 3.2% in 2025, with broad-based growth across markets excluding Greater China. Due to deflationary pressures and channel inventory adjustments, sales in Greater China declined. Excluding Greater China, AOA delivered organic growth of 6.1%, driven by 2.3% real internal growth and 3.8% pricing. In contrast, Greater China posted organic growth of –6.4%, with real internal growth of –4.5% and pricing of –1.9%.

CEO Laurent Freixe stated that the 2025 results were encouraging, reflecting the effectiveness of targeted actions taken amid a challenging external environment. All regions and global businesses achieved positive real internal growth. Increased marketing investment supported a 16.1% underlying trading operating profit margin and generated CHF 9.2 billion in free cash flow, with growth metrics and market share improving in the second half of the year.