Onome Amuge
Cadbury Nigeria Plc has staged a financial comeback in the first half of 2025, swinging to a profit before tax (PBT) of N14.5 billion. This represents a turnaround from the N13.88 billion loss recorded in the corresponding period of 2024, marking a 205 per cent year-on-year improvement for the confectionery and beverage giant.
The company’s unaudited financial results for the six months ended June 30, 2025, reveal that the reversal was driven by strong revenue growth and enhanced operational efficiency. Gross profit more than doubled, rising by 128 per cent to N21.86 billion, up from N9.59 billion in H1 2024. Consequently, net profit stood at N10.18 billion, successfully overturning the N9.72 billion loss from the previous year.
Revenue saw an uptick, climbing 50 per cent from N51.44 billion in H1 2024 to N77.25 billion in the first six months of 2025. This top-line expansion directly contributed to a positive shift in profitability metrics, with basic earnings per share (EPS) rebounding to 446 kobo, from a negative 426 kobo a year earlier.
Beyond the income statement, Cadbury Nigeria’s balance sheet also showcased considerable strengthening. The company’s total assets expanded by 21 per cent during the half-year, reaching N87.6 billion. The asset growth was primarily propelled by a 150 per cent increase in inventory to N34.5 billion, compared to N13.8 billion at the start of the year, indicating increased production and preparedness for market demand. Furthermore, its net assets recorded a 232 per cent increase to N14.6 billion, up from N4.4 billion at the beginning of the year.
Oyeyimika Adeboye, managing director of Cadbury Nigeria, attributed the stellar performance to a combination of factors. “Our performance in the first half of 2025 reflects a sustained growth trajectory,” Adeboye stated. She highlighted the impact of improved macroeconomic stability, particularly the relative stability of the naira, which has provided a more predictable environment for business planning.
Adeboye reaffirmed Cadbury Nigeria’s dedication to creating value for its stakeholders. “We remain committed to delivering value for our stakeholders, particularly our shareholders,” she noted. She also emphasised the crucial role of its global parent company, Mondelez International, in supporting its operations amidst Nigeria’s challenging business landscape. “With the strong support of Mondelez International, our parent company, we are confident in the long-term potential of the Nigerian market,” she added.
