Cadbury Nigeria Plc has reported a profit before tax (PBT) of N14.5 billion for the first half of 2025, marking a strong turnaround from the N13.88 billion loss posted during the same period in 2024. This represents a 205 per cent year-on-year improvement, driven by strong revenue growth and improved operational efficiency.
The company’s unaudited financial results show that gross profit rose by 128 per cent to N21.86 billion, up from N9.59 billion recorded in H1 2024. Net profit stood at N10.18 billion, reversing the N9.72 billion loss from the previous year.
Revenue also saw a significant uptick, rising 50 per cent from N51.44 billion in H1 2024 to N77.25 billion in the first six months of 2025. Basic earnings per share (EPS) rebounded to 446 kobo, from a negative 426 kobo a year earlier.
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In terms of its balance sheet, the company’s total assets grew by 21 per cent during the half-year to N87.6 billion. The growth in assets was driven by a 150 per cent surge in inventory to N34.5 billion, from N13.8 billion at the start of the year. There was also a 232 per cent increase in its net assets to N14.6 billion, from N4.4 billion at the start of the year.
Commenting on the results, Oyeyimika Adeboye, Managing Director of Cadbury Nigeria, attributed the company’s performance to strong topline growth, ongoing resource optimisation, and disciplined cost management.
“Our performance in the first half of 2025 reflects a sustained growth trajectory. This has been supported by improved macroeconomic stability, particularly the relative stability of the naira, which has allowed for better business planning,” Adeboye said.
She reaffirmed Cadbury Nigeria’s commitment to stakeholder value, noting that the company remains focused on navigating Nigeria’s challenging business environment with the continued backing of its parent company.
“We remain committed to delivering value for our stakeholders, particularly our shareholders. With the strong support of Mondelez International, our parent company, we are confident in the long-term potential of the Nigerian market,” she added.
