Cadbury Nigeria Plc Posts Strong Revenue Surge 31%

Cadbury Nigeria Plc has released its unaudited financial statements for the year ended 31 December 2025, revealing a dramatic turnaround in operating performance, a strong rebound in revenue, and a return to profitability after the losses recorded in the prior year.

The results, approved by the Board of Directors in January and signed by the Chairman, Interim Managing Director and Financial Controller, underscore a year of recovery driven by higher sales, improved operating efficiency, and tighter cost management, even as the company continues to navigate a challenging macroeconomic environment marked by inflation, currency volatility, and rising input costs.

Revenue Jumps 31% on Strong Market Recovery

Cadbury Nigeria reported revenue of ₦169.84 billion in 2025, representing a 31% increase from ₦129.17 billion recorded in the audited 2024 financial year. The robust top-line growth reflects stronger consumer demand across the company’s product portfolio, improved pricing strategies, and better route-to-market execution.

This revenue performance marks one of the company’s strongest growth years in recent times and signals renewed momentum in Nigeria’s fast-moving consumer goods (FMCG) sector, where Cadbury remains a key player.

Gross Profit and Operating Performance Rebound Sharply

Gross profit surged to ₦36.60 billion, a 101% increase compared to the prior year, indicating significant improvement in cost of sales management despite persistent inflationary pressures and higher raw material costs.

The recovery was even more pronounced at the operating level. Results from operating activities rose to ₦20.55 billion, compared with ₦8.96 billion in 2024, representing a 245% year-on-year improvement. This performance highlights the success of management’s cost optimization initiatives, operational restructuring, and disciplined expense control.

Return to Profit After Previous Year Losses

Cadbury Nigeria recorded a profit before tax of ₦17.27 billion, a major reversal from the ₦28.33 billion loss posted in the prior year. After taxation, the company delivered a profit for the period of ₦12.09 billion, compared with a modest profit of ₦1.34 billion in 2024.

This sharp improvement marks a significant milestone for the company, restoring profitability and strengthening investor confidence after a difficult period.

Equity Strengthened Despite Historical Losses

Total equity rose to ₦16.47 billion, representing a 276% increase from ₦4.38 billion in the previous year. While retained earnings remain negative at ₦25.31 billion, the improvement reflects the impact of the year’s strong profit and a more stable capital structure.

Share capital remained unchanged at ₦1.14 billion, while share premium stood at ₦7.41 billion. Other reserves were stable at ₦33.38 billion, indicating no major dilution or restructuring during the year.

Asset Base Expands to ₦82.14 Billion

Cadbury Nigeria’s total assets increased significantly to ₦82.14 billion, up from ₦74.44 billion in 2024.

Non-current assets rose to approximately ₦39.36 billion, driven by investments in property, plant and equipment, right-of-use assets, and intangible assets.
Current assets climbed to ₦46.11 billion, supported by higher inventories, trade receivables, and cash balances, reflecting expanded operations and increased sales volumes.

Cash and cash equivalents showed notable improvement, strengthening the company’s liquidity position.

Liabilities Remain Elevated but Stable

Total liabilities stood at ₦67.34 billion, slightly below the ₦68.06 billion recorded in the prior year.

Non-current liabilities, largely comprising employee benefit obligations and lease liabilities, amounted to ₦856.19 million.
Current liabilities, including borrowings, tax liabilities, trade payables, and lease obligations, totaled ₦64.82 billion.

The relatively stable liability profile suggests improved balance sheet management, even as the company continues to operate with significant working capital requirements.