Cadbury Nigeria Plc has reported a profit of N5.98 billion for the first quarter of 2025, marking a dramatic turnaround from the N7.32 billion loss recorded in the same period last year.
The unaudited financial results, recently approved by the company’s Board of Directors, show a 182 percent increase in profit, highlighting a strong rebound for the consumer goods giant.
Profit before tax also rose by 182 percent to N8.54 billion, compared to a loss of N10.45 billion in Q1 2024. The company’s gross profit climbed by 143 percent, up from N4.99 billion to N12.15 billion, while turnover jumped 57 percent, from N23.69 billion to N37.22 billion.
Cadbury Nigeria’s total equity grew by 137 percent, rising from N4.38 billion to N10.35 billion. Basic earnings per share (EPS) surged by 182 percent to 262 kobo, reversing a loss of 321 kobo recorded in the previous year. Net assets per share also improved significantly, moving from 192 kobo to 454 kobo, a 137 percent increase.
In a statement, Managing Director Oyeyimika Adeboye said the company’s performance underscores its resilience in the face of economic headwinds.
“Our strong focus on cost management and resource efficiency has delivered results. I commend our team and Board of Directors for their dedication, and we deeply appreciate the unwavering support of our parent company, Mondelez International,” Adeboye stated.
Frederick Mordi, Cadbury Nigeria’s Head of Corporate Communications and Government Affairs, added that the company recently celebrated its 60th anniversary on January 9, 2025. He also noted that Cadbury was recognised as the Number Two Top Employer in Nigeria and a Regional Top Employer in Africa by the Netherlands-based Top Employers Institute for the fourth consecutive year.
The results signal renewed investor confidence and a positive outlook for Cadbury Nigeria in the remainder of 2025.
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