Cadbury Nigeria Plc has posted a profit of N10.2bn for the half year ended June 30, 2025, reversing a loss of N9.7bn recorded in the same period of 2024. This represents a remarkable turnaround with a 205 per cent increase in profit.
In its unaudited financial statement filed on the Nigerian Exchange Limited recently, the company’s revenue also surged by 50 per cent to N77.3bn from N51.4bn in the first half of 2024, according to the unaudited financial results released recently.
Gross profit more than doubled, rising 128 per cent to N21.9bn compared to N9.6bn in the corresponding period last year. Results from operating activities increased sharply by 244 per cent to N16.3bn from N4.7bn in the previous year.
Cadbury’s profit before tax stood at N14.5bn in the six months to June 2025, compared to a loss before tax of N13.9bn in the first half of 2024, marking a 205 per cent improvement.
Basic earnings per share rose to 446 kobo in the half year from a loss per share of 426 kobo in the previous year.
The company’s net finance cost reduced significantly to N1.7bn from a loss of N18.6bn in the first half of 2024, helping to boost profitability.
On the balance sheet, total equity surged to N14.6bn as of June 30, 2025, up from negative N2.5bn at the same time last year, reflecting improved financial health. However, cash and cash equivalents fell to N8.5bn from the N16.3bn recorded at the end of 2024.
Total assets increased to N87.6bn from N72.4bn in 2024, while total liabilities rose slightly to N73bn from N68bn.
The company attributed the improved performance to higher sales, better cost management, and a significant reduction in finance costs.
