Cadbury Nigeria Plc has posted a profit after tax of N5.98 billion for the first quarter of 2025, marking a remarkable turnaround from the N7.32 billion loss recorded in the same period last year. The result, approved by the Board of Directors following a review of the company’s unaudited financial statements, represents a 182 percent growth.
Similarly, profit before tax surged by 182 percent to N8.54 billion in Q1 2025, compared to a loss of N10.45 billion in the first quarter of 2024. Gross profit jumped 143 percent from N4.99 billion to N12.15 billion.
The company’s revenue also rose significantly, with turnover increasing by 57 percent year-on-year—from N23.69 billion in Q1 2024 to N37.22 billion in Q1 2025. Total equity more than doubled, growing by 137 percent to N10.35 billion from N4.38 billion a year earlier.
Basic earnings per share (EPS) stood at 262 kobo, compared to a loss of 321 kobo per share in Q1 2024, while net assets per share rose by 137 percent from 192 kobo to 454 kobo.
Oyeyimika Adeboye, Managing Director of Cadbury Nigeria, attributed the performance to the company’s resilience and operational discipline. “Our strong focus on cost management and efficient resource utilisation is clearly paying off,” she said. “I commend our team and Board for their commitment, and our parent company, Mondelez International, for its unwavering support.”
In a statement signed by Frederick Mordi, Head of Corporate Communications and Government Affairs, the company noted that it turned 60 on January 9, 2025. It was also named the Number Two Top Employer in Nigeria and Regional Top Employer in Africa by the Amsterdam-based Top Employers Institute for the fourth consecutive year.
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