Cadbury Nigeria Plc has returned to profitability, posting a profit after tax of N12.1bn for the year ended 31 December 2025, reversing a loss of N22.2bn recorded in 2024, according to its unaudited financial results.
The food and beverage manufacturer’s turnaround was driven by revenue growth and improved operating performance.
In its Unaudited Financial statement for the year ended 31 December 2025, the revenue rose by 31 per cent to N169.8bn in 2025, from N129.2bn in the previous year, reflecting higher sales volumes and pricing adjustments amid rising input costs.
Gross profit more than doubled, increasing by 101 per cent to N36.6bn, compared with N18.2bn in 2024, as the company recorded better cost management despite inflationary pressures. As a result, operating profit surged by 245 per cent to N20.6bn, up from N6.0bn in the prior year.
The company also recorded an improvement at the pre-tax level, posting a profit before tax of N17.3bn, compared with a loss of N28.3bn in 2024.
After accounting for tax expenses, profit after tax stood at N12.1bn, representing a 154 per cent improvement year on year.
Cadbury Nigeria’s balance sheet showed notable strengthening during the period.
Total equity rose to N16.5bn, from N4.4bn in 2024, supported by the return to profitability and a reduction in accumulated losses.
Retained losses narrowed to N25.2bn, from N37.3bn a year earlier.
Total assets increased to N82.1bn, up from N72.4bn, driven by higher inventories, trade receivables and investments in property, plant and equipment. Inventories grew to N17.4bn, reflecting increased production activity, while trade and other receivables rose to N13.1bn.
On the liabilities side, the company reduced its borrowings to N22.8bn, down from N32.8bn in 2024, indicating lower reliance on short-term debt. However, trade and other payables increased to N37.0bn, from N33.7bn, in line with expanded operations.
Basic earnings per share improved to 530 kobo, compared with a loss of 975 kobo per share in the previous year, while net assets per share rose to N7.22, from N1.92.
