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By Merit Ibe
Cadbury Nigeria Plc has reported a profit before tax (PBT) of N14.54 billion for the first half of 2025, following the approval of its unaudited financial statements by the Board of Directors. This marks a significant turnaround from a loss of N13.88 billion in the same period of 2024 representing a 205 per cent increase in profit.
The company’s gross profit rose by 128 per cent to N21.86 billion in the first half of 2025, up from N9.59 billion in the same period last year. The Company also reported a profit of N10.18 billion, a sharp reversal from the N9.72 billion loss recorded in H1 2024 representing a 205 per cent turnaround.
In a statement, Cadbury disclosed that its turnover rose by 50 per cent to N77.25 billion in H1 2025, up from N51.44 billion in the same period of 2024. Basic earnings per share (EPS) also climbed by 205 per cent to 446 kobo, reversing a loss of 426 kobo recorded as of June 30, 2024.
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Commenting on the strong performance, Oyeyimika Adeboye, Managing Director of Cadbury Nigeria, attributed the results to robust revenue growth, ongoing resource optimisation, and effective cost management aimed at protecting margins, adding that the relative stability of the Naira has supported improved business planning, and affirmed the team’s commitment to achieving its business goals.
Adeboye said: “We, at Cadbury Nigeria, remain committed to delivering value for our stakeholders, particularly our shareholders, despite operating in a challenging business environment. We will keep a clear focus on our goals with the support of Mondelez International, our parent company that strongly believes in the potential of Nigeria.”
The statement, issued by Frederick Mordi, Head of Corporate Communications and Government Affairs, also noted that Cadbury Nigeria marked its 60th anniversary on January 9, 2025.
