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Cadbury Nigeria Posts Strong Return to Profit in 2025

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Cadbury

Cadbury Nigeria posts N12.09bn profit in 2025, reversing losses with higher sales, cost control, and foreign-exchange gains

Cadbury Nigeria Plc has returned to profitability in 2025, posting a profit after tax of N12.09 billion, reversing losses of N22.22 billion in 2024 and N19.08 billion in 2023, according to its unaudited financial statements.

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Also read: Nigeria Earns Strong N55.5tn from Crude Oil Sales in 2025

The chocolate and beverage maker attributed the turnaround to stronger sales, improved cost management, and a significant easing of foreign-exchange pressures that had weighed on earnings in prior years.

Revenue surged 31% to N169.84 billion, driven by price increases, better product availability, and a gradual recovery in consumer demand despite persistent inflation.

Gross profit more than doubled to N36.60 billion, lifting the gross margin to roughly 21.5% from 14.1% in 2024.

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Operating performance also improved, with operating income rising to N20.55 billion from N5.96 billion the previous year.

While selling and distribution costs increased to N12.22 billion, administrative expenses fell to N3.34 billion, reflecting tighter overhead control.

The company benefited from lower finance costs and positive foreign-exchange movements.

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Net finance costs narrowed to N3.28 billion from N34.29 billion in 2024, when heavy FX losses had wiped out gains.

Profit before tax reached N17.27 billion, compared with a loss of N28.33 billion the previous year.

Basic earnings per share rose to 530 kobo from a loss of 975 kobo.

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Cadbury Nigeria’s balance sheet strengthened, with total equity nearly quadrupling to N16.47 billion.

Borrowings fell to N22.81 billion, while cash and cash equivalents remained stable at N15.02 billion.

Operating cash flow was solid at N20.48 billion, funding capital expenditure of N5.30 billion and debt repayments.

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By product category, refreshment beverages, led by Bournvita, drove revenue at N104.59 billion, while confectionery contributed N53.53 billion.

Export sales fell slightly to N11.71 billion, indicating growth remains concentrated in the domestic market.

The recovery coincides with a more predictable macroeconomic environment, including a strengthening naira and easing inflation, which fell to 15.15% in December 2025.

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Also read: Dutch Coach Simon Kalika Criticises Nigeria’s 2026 World Cup Exit

Cadbury Nigeria shares closed at N65.30 on the Nigerian Exchange on Monday, January 26, 2026, up 9.02% year-to-date and appreciating 10% over the past four weeks, signalling investor confidence in the company’s turnaround.

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Maresca Says Man City Unity Grows Amid Financial Case

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Maresca says Man City unity grows amid the club’s financial case as the manager focuses on results ahead of Saturday’s Premier League clash with Ipswich.

Manchester City manager Enzo Maresca has said the club’s players, supporters and leadership have become more united amid the Premier League financial case, speaking at a pre-match press conference in Manchester on Friday, 16 October 2026, ahead of Saturday’s league meeting with Ipswich Town.

Also read: NPFL Suspends Fan Over Alleged Threats to Away Teams

Maresca said he was not personally troubled by the controversy, arguing that the team had little control over the proceedings and should concentrate on performances on the pitch.

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“Since the noise, from my personal point of view, I can see the fans, the club, the team more together, for sure,” Maresca said.

His comments come as City continue their Premier League campaign under the scrutiny of a significant disciplinary case.

An independent commission found the club guilty of multiple breaches of the league’s financial regulations, following allegations concerning its financial reporting and commercial arrangements between 2009 and 2018.

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Manchester City have rejected the findings and appealed the decision, maintaining that they have evidence to challenge the ruling. The appeal means the dispute remains unresolved, with the eventual outcome potentially carrying significant consequences for the club.

For now, Maresca has sought to keep the focus on football, presenting the team’s response to the controversy as a matter of discipline and collective responsibility rather than public argument.

“There is noise around the club but we need to try to make our noise,” he said. “That means win at Anfield, try to win tomorrow against Ipswich. This is the way we can make our noise. A different kind of noise; we’re not able to control that.”

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City’s recent results have offered both encouragement and a reminder of the demands of competing across several fronts.

The club recorded a 3-0 Premier League victory over Liverpool at Anfield before suffering a 4-2 defeat by Paris Saint-Germain in the Champions League on Wednesday.

Maresca described the European loss as a learning opportunity, saying City had struggled to maintain their balance after conceding twice in quick succession.

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He nevertheless pointed to the response after half-time as evidence that the players could recover from difficult spells.

The defeat has added importance to Saturday’s meeting with Ipswich, as City look to maintain their domestic momentum while managing the demands of a busy schedule.

Asked how he was coping with the attention surrounding the financial proceedings, Maresca was direct.

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“I’m very happy. I don’t feel any kind of stress about the outside situation because it’s something I don’t control. I just focus on how we can try to win the next games,” he said.

The manager also indicated that he trusted the club’s leadership and had discussed the case with officials. However, he preferred to wait for the legal process to reach an outcome before drawing conclusions about the matter.

The independent commission’s findings have intensified scrutiny of City’s financial conduct, with the case involving alleged breaches over a nine-season period.

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The commission found the club guilty of 114 of the 115 charges relating to financial misconduct and associated failures to comply with the Premier League’s investigation, according to reports on the ruling.

City have appealed and continue to contest the findings. The distinction between the commission’s conclusions and the club’s position remains central to the ongoing dispute.

The case has also renewed debate about financial regulation in English football, including the effectiveness of oversight and the consequences clubs may face when they breach competition rules.

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Any eventual sanctions will depend on the relevant proceedings and their outcome.

Against that background, Maresca’s emphasis on unity reflects the club’s immediate priority of sustaining results while the case progresses.

His comments do not resolve the questions raised by the commission, but they indicate how he intends to manage the situation within the dressing room.

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Saturday’s fixture presents a further test. Ipswich have had a full week to prepare, while City return to domestic action after their midweek European commitment.

Maresca acknowledged that the difference in preparation time could make the contest demanding.

A victory would give City the opportunity to extend their Premier League winning run to seven matches, reinforcing their position near the top of the table.

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The manager’s challenge is to ensure that the off-field controversy does not distract from the consistency required over a long season.

For supporters, the coming weeks will bring two parallel developments: City’s pursuit of domestic and European success, and the progress of the financial appeal.

The club’s results may shape the mood around the team, but the disciplinary proceedings will ultimately be determined by the relevant legal and regulatory process.

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Maresca’s message was that City should concentrate on the part of the situation they can influence.

Also read: NPFL Suspends Fan Over Alleged Threats to Away Teams

With Ipswich next on the schedule, the immediate measure of that approach will be the team’s performance on the pitch, while the broader questions surrounding the club’s financial conduct remain outstanding.

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