The stability of the foreign exchange, together with an easing inflation, contributed largely to Cadbury’s return to profitability after two years of skid, according to Folake Ogundipe, interim managing director, Cadbury Nigeria.
Ogundipe added that increased operational effectiveness and resilience that the business is known for were the main drivers of growth, and ultimately, its return to profitability in 2025.
“Improvements in the business environment in 2025, which recorded more stability in forex supply and moderating inflation, when compared to 2024 gave businesses operating in the country the much-needed respite, leading to profitable outcomes,” she said in a statement seen by BusinessDay on Tuesday.
Consumer goods firms are heaving a sigh of relief after swings in the foreign exchange market left them in red. With the naira bouncing back and inflationary pressures tapering off, companies like Cadbury are beginning to turn to profitability.
Cadbury reported a profit before tax (PBT) of N17.27billion for the full year 2025, representing a 161 percent increase in profit over the loss of N28.33billion that the company recorded for the same period in 2024, according to its unaudited results.
The company’s gross profit rose by 101 percent from N18.23billion to N36.60billion in the period under review, while it reported a net profit of N12.09billion, reversing a loss of N22.22billion that it had reported for the year ended 2024. This translates to a 154 percent increase.
This is as turnover grew by 31 percent from N129.17billion for the year ended 2024, to N169.84billion for the year ended 2025, while its basic earnings per share (EPS) increased by 154 percent to 530 kobo, reversing a loss of 975 kobo recorded for the year ended 31 December 2024.
Meanwhile, Cadbury Nigeria has announced the appointment of Sree Patel as a Non-Executive Director on its Board. Patel is currently the vice president and chief counsel, Asia Middle East and Africa (AMEA) Region in Mondelez International, Cadbury Nigeria’s parent company. She is also a director on the Board of Mondelez India, a member of the Mondelez AMEA Region Leadership Team, and a member of the Mondelez Global Legal Leadership Team.
Prior to Mondelez, Patel was with GlaxoSmithKline Pharmaceuticals Limited (GSK), part of the GlaxoSmithKline Plc group of companies, where she held positions of increasing responsibility. Her last role in GSK was vice president, Legal and Corporate Affairs. She had also previously worked with the Tata Group of companies.
