Cadbury Nigeria Declares 182% Profit Surge in Q1 2025

Cadbury Nigeria Plc has announced a remarkable turnaround in its financial performance for the first quarter (Q1) of 2025.

The company reported a profit of N5.98 billion, representing a 182% increase from the same period last year, when it recorded a loss of N7.32 billion.

Cadbury Nigeria’s profit before tax was N8.54 billion, a significant improvement from the N10.45 billion loss recorded in Q1 2024.

The company’s gross profit improved by 143% from N4.99 billion to N12.15 billion in the same period.

Turnover grew by 57% from N23.69 billion in the first quarter of 2024 to N37.22 billion in the first quarter of 2025, while total equity rose from N4.38 billion to N10.35 billion, representing an increase of 137%.

The company’s basic earnings per share (EPS) increased by 182% to 262 kobo, reversing a loss of 321 kobo recorded for the period ended March 31, 2024.

Net assets per share rose from 192 kobo to 454 kobo, representing an increase of 137% in the period under review.

According to Oyeyimika Adeboye, Managing Director of Cadbury Nigeria, the company’s strong performance reflects its resilience and agility in a challenging business environment.

Adeboye attributed the success to the company’s focus on cost management and efficient resource utilization.

She also commended her colleagues and the Board of Directors for their commitment and thanked Mondelez International, the parent company, for its unwavering support.

Cadbury Nigeria, which recently celebrated its 60th anniversary, was rated Number Two Top Employer in Nigeria and Regional Top Employer in Africa by the Top Employers Institute for the fourth consecutive year.