Market Overview - US stock index futures are all up before the market opens, with Dow futures rising by 0.27%, S&P 500 futures up by 0.94%, and Nasdaq futures increasing by 1.33% [1] - European indices show mixed results, with Germany's DAX down by 0.17%, UK's FTSE 100 up by 0.39%, France's CAC40 down by 0.32%, and the Euro Stoxx 50 down by 0.51% [2][3] - WTI crude oil prices fell by 0.54% to $69.62 per barrel, while Brent crude oil dropped by 0.69% to $71.97 per barrel [3][4] Economic Indicators - The US core PCE year-on-year rate exceeded expectations, recording 2.8% for June, the highest since February, against a market expectation of 2.7% [5] - Goldman Sachs warns of pressure on US long-term Treasury bonds and the dollar due to the large fiscal deficit, while indicating that the US stock market may continue to rise [5] Company Earnings and Forecasts - Apple (AAPL.US) is expected to report Q3 earnings of $1.42 per share and revenue of $89.1 billion, showing a year-on-year earnings growth of 1.4% and revenue growth of 3.9% [7] - Amazon (AMZN.US) is projected to achieve Q2 revenue of $162 billion, a year-on-year increase of 9.5%, with operating profit expected to rise by 13.8% [8] - Microsoft (MSFT.US) reported Q4 revenue of $76.44 billion, exceeding expectations and showing an 18% year-on-year growth, with net profit increasing from $22.04 billion to $27.23 billion [9] - Meta (META.US) reported Q2 revenue of $47.52 billion, a 22% year-on-year increase, and expects Q3 revenue between $47 billion and $50.5 billion [10] - Qualcomm (QCOM.US) reported Q3 revenue of $10.37 billion, which was below analyst expectations, with mobile chip revenue also falling short [12] - Ford (F.US) warned of a potential 36% drop in profits this year due to the impact of tariffs, highlighting significant policy changes affecting the automotive industry [13] Other Notable Developments - Arm (ARM.US) reported a 12% revenue growth to $1.05 billion, but Q2 outlook fell short of expectations [11] - Good Future (TAL.US) reported a 38.8% year-on-year revenue increase in Q1, with net profit reaching $31.28 million [14] - Unilever (UL.US) exceeded sales growth expectations in Q2, driven by strong demand in North America and Europe [14]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Dated 31 July 2025 Commission File Number: 001-04546 UNILEVER PLC (Translation of registrant's name into English) UNILEVER HOUSE, BLACKFRIARS, LONDON, ENGLAND FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20 ...

Core Insights - Unilever reported a total revenue of €30.1 billion for the first half of 2025, a decline of 3.2% year-on-year, impacted by unfavorable exchange rates (-4%) and net asset disposals (-2.5%) [1] - Net profit decreased by 5.1% to €3.8 billion [1] - The ice cream business, which is set to be spun off, was the only segment to show revenue growth, reaching €4.6 billion, up 0.2% year-on-year [1] Revenue Breakdown - Beauty and Wellness: Revenue of €6.5 billion, down 0.8% [1] - Personal Care: Revenue of €6.5 billion, down 5.9% [1] - Home Care: Revenue of €5.9 billion, down 6.7% [1] - Food: Revenue of €6.6 billion, down 1.8% [1] Sales Performance - Underlying sales growth (USG) for the first half was 3.4%, with volume growth of 1.5% and price contribution of 1.9% [3] - Beauty and Wellness segment saw a USG of 3.7%, with volume contributing 1.7% and price contributing 2% [3] - Personal Care segment achieved a USG of 4.8%, with volume contributing 1.4% and price contributing 3.3% [4] Profitability - Operating profit for Beauty and Wellness was €1.3 billion, down 3.7% year-on-year [3] - Operating profit for Personal Care was €1.4 billion, down 9.8% year-on-year [4] - Overall gross margin reached 45.7%, with a basic operating profit margin of 19.3%, down 30 basis points from the previous year [8] Future Outlook - Unilever expects full-year underlying sales growth to be in the range of 3% to 5%, with second-half growth anticipated to exceed that of the first half [8] - The company is focusing on enhancing its Beauty and Wellness and Personal Care segments, with increased investments in the U.S. and Indian markets [7] - The ice cream business is expected to complete its spin-off by mid-November 2025, transitioning into an independent operating company [7]

Group 1 - The core viewpoint of the article highlights Unilever's strong second-quarter sales growth driven by robust demand in North America and Europe, exceeding market expectations while maintaining its full-year sales forecast [1] - For the three months ending June 30, Unilever reported a 3.8% growth in underlying sales, surpassing analysts' expectations of 3.6% [1] - The company achieved an underlying operating profit of €5.8 billion for the first half of the year, slightly above the market expectation of €5.7 billion [1] Group 2 - Unilever has undertaken several organizational and operational changes over the past year to address poor performance and improve profit margins, including plans to spin off its ice cream business, which includes Ben & Jerry's and Magnum, layoffs, and the dismissal of former CEO Hein Schumacher in February [1] - The ice cream business, named The Magnum Ice Cream Company, is set to be spun off in mid-November [1] - CEO Fernando Fernandez stated that the company's priorities moving forward are clear: focusing more on beauty, health, and personal care; disproportionate investments in the U.S. and India; and increased attention to premium segments and digital commerce [1] Group 3 - Despite maintaining its sales forecast for 2025 and emphasizing growth areas, Unilever's free cash flow decreased by 50% from €2.2 billion in the same period last year to €1.1 billion in the first half of this year, raising concerns about financial pressures related to supply chain changes, tariff uncertainties, and costs associated with the ice cream business spin-off [1] - The company anticipates growth in the second half of the year, with resilient markets in North America and Europe, and improvements expected in India, China, and Indonesia [2] - Unilever previously indicated that the impact of U.S. tariffs is expected to be limited and manageable [2]

Financial Data and Key Metrics Changes - Underlying sales growth for the first half was 3.4%, with volumes contributing 1.5% and price growth at 1.9% [8][31] - Turnover for the first half was €30.1 billion, down 3.2% year on year, primarily due to a negative currency impact of 4% [31][36] - Underlying operating profit was €5.8 billion, a decline of 4.8% versus the prior year, with underlying earnings per share at €1.59, down 2.1% [36] Business Line Data and Key Metrics Changes - Beauty and Well-being underlying sales growth was 3.7%, driven by 1.7% volume and 2% price [15] - Personal Care delivered 4.8% underlying sales growth, with 1.4% from volume and 3.3% from price [19] - Homecare underlying sales grew 1.3%, with 1.1% from volume and 0.2% from price [23] - Foods delivered competitive sales growth of 2.2%, with 0.3% from volume and 1.9% from price [25] - Ice cream underlying sales grew 5.9%, driven by a 3.8% increase in volume and 2% price growth [26] Market Data and Key Metrics Changes - Developed markets represented 44% of group turnover, with first half underlying sales growth of 4.3% [10] - North America saw underlying sales growth of 5.4%, with volumes up 3.7% [5] - Asia Pacific Africa, representing 43% of group turnover, delivered underlying sales growth of 3.5% [12] - Latin America grew only 0.5%, with a 4.6% decline in volume [13] Company Strategy and Development Direction - The company is focused on a transformation towards beauty and well-being, with significant investments in premium brands and innovation [50][56] - The demerger of the ice cream business is set for mid-November, with plans to retain a stake of just below 20% [28][29] - The company aims for multiyear volume growth of at least 2% and consistent gross margin expansion [47][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a second half underlying sales growth of 3% to 5%, with expectations for improved performance in emerging markets [42][46] - The macroeconomic environment remains uncertain, particularly in Latin America and China, but there are signs of recovery in India and Indonesia [46][94] - The company anticipates an improvement in underlying operating margin for the full year, with second half margins expected to be at least 18.5% [42][60] Other Important Information - The company completed a share buyback program of €1.5 billion, contributing 1.5% to earnings in the first half [38][41] - Free cash flow for 2025 was €1.1 billion, down from €2.2 billion in the prior year due to lower operating profit and ice cream separation costs [38][39] Q&A Session Summary Question: Expectations for ex-ice cream performance and volume acceleration - Management expects volume growth of about 2% for the remaining company in the second half, supported by improved market conditions and strong brand investments [63][65] Question: Insights on M&A strategy and recent acquisitions - The company remains committed to bolt-on M&A, focusing on beauty and personal care brands with strong digital presence and functionality, such as Doctor Squatch and Wilde [71][72] Question: Outlook for Latin America and performance in key markets - Management acknowledged a weak quarter in Latin America, with challenges in Brazil and Mexico, but expects improvements in the second half as pricing strategies are adjusted [77][81] Question: Recovery expectations in Asia, particularly India and Indonesia - Management is optimistic about growth in India, with strong performance in Home Care and e-commerce, while Indonesia is expected to show positive volume growth in the second half [89][92]

Financial Data and Key Metrics Changes - Underlying sales growth for the first half of 2025 was 3.4%, with volumes contributing 1.5% and price growth at 1.9% [6][30] - Turnover for the first half was €30.1 billion, down 3.2% year on year, primarily due to a negative currency impact of 4% [30][36] - Underlying operating profit was €5.8 billion, a decline of 4.8% versus the prior year, and underlying earnings per share was €1.59, down 2.1% [34][36] Business Line Data and Key Metrics Changes - Beauty and Well-being achieved underlying sales growth of 3.7%, driven by 1.7% volume and 2% price [14] - Personal Care delivered 4.8% underlying sales growth, with 1.4% from volume and 3.3% from price [17] - Homecare underlying sales grew 1.3%, with 1.1% from volume and 0.2% from price [21] - Foods delivered competitive sales growth of 2.2%, with 0.3% from volume and 1.9% from price [23] - Ice cream underlying sales grew 5.9%, driven by a 3.8% increase in volume and 2% price growth [24] Market Data and Key Metrics Changes - Developed markets represented 44% of group turnover, with first half underlying sales growth of 4.3% [8] - North America saw underlying sales growth of 5.4%, with volumes up 3.7% [4] - Asia Pacific Africa, representing 43% of group turnover, delivered underlying sales growth of 3.5% [11] - Latin America grew only 0.5%, with a 4.6% decline in volume due to challenging macroeconomic conditions [12] Company Strategy and Development Direction - The company is focused on a transformation towards beauty and well-being, with significant investments in premium brands and innovation [48][54] - The demerger of the ice cream business is set for mid-November, with the intention to retain a stake of just below 20% in the new entity [26][27] - The company aims for multiyear volume growth of at least 2% and consistent gross margin expansion, targeting mid-single digit underlying sales growth [45][54] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a second half underlying sales growth of 3% to 5%, supported by strong performance in developed markets and improving trends in emerging markets [41][44] - The company anticipates an improvement in underlying operating margin for the full year, with second half margins expected to be at least 18.5% [41][54] - Management acknowledged challenges in Latin America and China but expects improvements in the second half due to operational interventions [44][92] Other Important Information - The company completed a share buyback program of €1.5 billion, contributing 1.5% to earnings in the first half [36][39] - Free cash flow for 2025 was €1.1 billion, down from €2.2 billion in the prior year due to lower operating profit and ice cream separation costs [36][37] Q&A Session Summary Question: Expectations for ex-ice cream performance and volume acceleration - Management expects to achieve volume growth of about 2% for the remaining company in the second half, supported by improved market conditions and strong brand investments [61][63] Question: Insights on M&A strategy and recent acquisitions - The company remains committed to bolt-on M&A, focusing on acquiring brands with strong digital presence and functionality, such as Doctor Squatch and Wilde [70][72] Question: Outlook for Latin America and performance in key markets - Management noted a weak quarter in Latin America due to economic pressures but expects improvements with strategic pricing adjustments and innovation [76][80] Question: Recovery expectations in Asia, particularly India and Indonesia - Management is optimistic about growth in India, expecting continued volume increases, while Indonesia is showing signs of recovery with improved fundamentals [88][90]

H1 2025 Performance - Unilever's H1 2025 underlying sales growth (USG) was 3.4%, driven by 1.5% underlying volume growth (UVG) and 1.9% underlying price growth (UPG)[10] - Power Brands' Q2 2025 USG improved to 4.4%, with 2.1% UVG and 2.3% UPG[12] - The company's turnover decreased by 3.2% year-over-year, from €31.1 billion in H1 2024 to €30.1 billion in H1 2025, impacted by net disposals and adverse currency effects[48] Segment Performance - North America achieved 5.4% USG in H1 2025, representing 23% of Group turnover[13] - Europe saw 3.4% USG in H1 2025, with 3.7% UVG and 1.6% UPG, accounting for 21% of Group turnover[15, 16] - Asia Pacific Africa (APA) experienced 3.5% USG in H1 2025, while Latin America had 0.5% USG[19] - Beauty & Wellbeing segment achieved 3.7% USG in H1 2025, with a €6.5 billion turnover[21, 22] - Dove's H1 2025 USG was 4.8%, driven by 3.3% UPG and 1.4% UVG[26] Strategic Initiatives - The Ice Cream business demerger is on track for mid-November, with Unilever retaining less than 20% stake in TMICC[8, 45] - Post demerger, based on FY 2024 financials, Unilever expects approximately €52 billion turnover, +160 bps GM, +100 bps UOM, +100 bps ROIC, ~100% cash conversion, and ~2x expected leverage[70] Financial Outlook - The company is on track to deliver its full-year 2025 outlook, including an improvement in FY underlying operating margin and USG within the 3-5% range[62, 63] - The company expects second half margins of at least 18.5%[63] - The company completed €1.5 billion share buyback in H1 2025[61]

Investment Dynamics - Menglong plans to invest several million dollars in its ice cream factory in Heppenheim, Germany, to establish new production lines, cold storage, and energy infrastructure [3] - The Heppenheim production line is expected to be established in 2024, with an annual output exceeding 2 billion units, primarily targeting the German market and some European countries [3] Financial Activities - Lancang Ancient Tea announced a placement of 24 million H-shares at HKD 2.46 per share, representing a discount of 16.61% from the closing price on July 25, aiming to raise approximately HKD 59 million for operational funding [6] - The placement shares account for 16% of the enlarged total share capital, with net proceeds estimated at around HKD 58.04 million [6] Strategic Partnerships - ADM has signed an exclusive agreement with Asahi Group, allowing Asahi to leverage ADM's extensive global network and R&D centers to expand its lactic acid bacteria ingredient business [9] Mergers and Acquisitions - Fuling Pickle is actively pursuing the acquisition of a 51% stake in Sichuan Weizimei Food Technology Co., Ltd., through a combination of share issuance and cash payment [12] - This acquisition is expected to enable Weizimei to quickly access advantageous resources and open up a second growth market through the extensive C-end distribution network of the listed company [12] Market Adjustments - Fast fashion brand GU, under Japan's Fast Retailing Group, confirmed the closure of its flagship store in Shanghai on August 24, 2025, as part of a strategic adjustment in the Chinese market [17] - The store, opened in 2013, was seen as a key entry point into the Chinese market, and its closure indicates a shift in operational strategy rather than an exit from the market [18] Financial Performance - Laopugold (HK: 6181) reported expected revenue of approximately RMB 12 billion to 12.5 billion for the first half of 2025, representing a year-on-year growth of about 241% to 255% [20] - The net profit is projected to be around RMB 2.23 billion to 2.28 billion, reflecting a year-on-year increase of approximately 279% to 288% [20] Technological Innovations - Unilever has launched the "AI for Science" innovation platform, developed by its Chinese R&D team, aimed at optimizing scientific research and product development through artificial intelligence [22] - This initiative highlights Unilever's exploration in AI technology application and provides new momentum for digital upgrades in the fast-moving consumer goods sector [22] Policy Developments - The national childcare subsidy scheme will be implemented starting January 1, 2025, providing annual subsidies of RMB 3,600 per child for those under three years old [23] - This initiative is part of a broader set of policies aimed at creating a more supportive environment for childbirth and child-rearing in the country [24] Leadership Changes - Pernod Ricard Korea has appointed Fadil Tasgin as the new CEO, effective September 1, with a background in various leadership roles within the company [27] - Tasgin is expected to lead the development of Pernod Ricard Korea by focusing on the tastes and needs of Korean consumers [27]

Group 1 - Unilever PLC, a UK-based global FMCG company, has been undergoing a business transformation for some time [1] - Stockholders have expressed dissatisfaction, indicating a lack of positive developments for investors [1] Group 2 - The article does not provide specific financial metrics or performance data related to Unilever PLC [1]

Unilever’s Growth Comes From Finding Opportunity https://t.co/87A9JHFoEc https://t.co/fzeaYTtfgf ...