Cadbury Nigeria Plc has reported a major turnaround in its financial performance for the first quarter of 2025, posting a net profit of ₦5.98 billion, a sharp reversal from a ₦7.32 billion loss recorded in the same period last year.
The company’s revenue surged by 57% year-on-year to ₦37.23 billion, up from ₦23.70 billion in Q1 2024, according to its unaudited financial results approved by the Board of Directors on April 30, 2025. Higher sales across key product categories, particularly refreshment beverages and confectionery, drove this strong revenue growth.
Gross profit soared by 143% to ₦12.15 billion, compared to ₦4.99 billion in the same quarter last year. Operating profit rose even more sharply, climbing 251% to ₦9.69 billion, highlighting improved operational efficiency and better cost management.
Cadbury’s total equity more than doubled, increasing by 137% to ₦10.36 billion from ₦4.38 billion as at December 2024. Basic earnings per share also improved significantly, reaching 262 kobo per share, compared to a loss of 321 kobo per share in Q1 2024.
Despite the impressive performance, the company reported a slight decline in its cash and cash equivalents, which stood at ₦6.25 billion, down from ₦16.34 billion at the end of 2024. This was mainly attributed to increased investment in inventories and repayment of short-term financing.
Managing Director, Oyeyimika Adeboye, and Chairman, Mr. Adedotun Sulaiman, signed off the financials, indicating strong confidence in the company’s recovery and growth prospects.
Cadbury Nigeria, a subsidiary of Mondelez International, produces popular brands such as Bournvita, TomTom, and Buttermint, serving both Nigerian and export markets.
