Cadbury Nigeria Plc has reported a profit of N10.2 billion for the half year ended June 30, 2025, marking a dramatic turnaround from the N9.7 billion loss recorded in the corresponding period of 2024. This represents a 205% rebound in the company’s bottom line, driven by robust revenue growth, improved operational efficiency, and lower finance costs.
According to the company’s unaudited financial statements filed with the Nigerian Exchange Limited, revenue surged by 50% year-on-year to N77.3 billion, up from N51.4 billion in the first half of 2024.
Gross profit more than doubled, rising by 128% to N21.9 billion from N9.6 billion in the prior-year period, while operating profit soared by 244%, reaching N16.3 billion, compared to N4.7 billion in the same period last year.
Cadbury also posted a profit before tax of N14.5 billion, a sharp contrast to the N13.9 billion pre-tax loss reported in the first half of 2024, stating the effectiveness of the company’s recovery strategy.
Basic earnings per share stood at 446 kobo, up from a loss per share of 426 kobo, reflecting the strong improvement in shareholder returns.
A notable contributor to the recovery was the sharp decline in net finance costs, which dropped to N1.7 billion from a staggering N18.6 billion in the prior year, bolstering overall profitability.
On the balance sheet, total equity swung into positive territory, rising to N14.6 billion as of June 30, 2025, from a negative N2.5 billion a year earlier underscoring the company’s strengthened financial position. However, cash and cash equivalents declined to N8.5 billion, down from N16.3 billion at the end of 2024.
Total assets grew to N87.6 billion, compared to N72.4 billion in 2024, while total liabilities rose modestly to N73 billion, up from N68 billion in the previous year.
Cadbury attributed its strong performance to a combination of increased sales volumes, effective cost control, and a significant reduction in borrowing costs.
The result signals a major recovery for the fast-moving consumer goods (FMCG) giant and sets a positive tone for the remainder of the 2025 financial year.
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Cadbury Nigeria reports # 10.2bn H1 profits
ShareCadbury Nigeria Plc has reported a profit of N10.2 billion for the half year ended June 30, 2025, marking a dramatic turnaround from the N9.7 billion loss recorded in the corresponding period of 2024. This represents a 205% rebound in the company’s bottom line, driven by robust revenue growth, improved operational efficiency, and lower finance…
