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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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.

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.

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.

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.

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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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.