Cadbury Nigeria Plc has bounced back to profitability, posting a profit of N10.2 billion for the first half of 2025, a strong reversal from the N9.7 billion loss it recorded in the same period last year.
According to the company’s unaudited financial statement submitted to the Nigerian Exchange Limited, the profit represents a 205 per cent turnaround compared to the first half of 2024.
Revenue for the six-month period ended June 30, 2025, surged by 50 per cent to N77.3 billion, up from N51.4 billion reported in the same period of 2024.
The firm also reported a gross profit of N21.9 billion, which is a 128 per cent jump from N9.6 billion recorded last year. Operating profit rose by 244 per cent to N16.3 billion, up from N4.7 billion in the corresponding period.
Cadbury’s profit before tax stood at N14.5 billion in the first six months of 2025, compared to a pre-tax loss of N13.9 billion in the same period last year, showing a strong recovery in the company’s core business.
Also, basic earnings per share climbed to 446 kobo in 2025, a big improvement from the 426 kobo loss per share recorded in 2024.
The company’s net finance cost dropped significantly to N1.7 billion in the first half of 2025, compared to a steep N18.6 billion loss in the same period of the previous year. This major reduction in finance costs helped boost the bottom line.
Cadbury’s total equity also turned positive, rising to N14.6 billion as of June 30, 2025, from a negative balance of N2.5 billion recorded one year ago. However, the company’s cash and cash equivalents declined to N8.5 billion, down from N16.3 billion at the end of December 2024.
Total assets rose to N87.6 billion from N72.4 billion, while total liabilities slightly increased to N73 billion from N68 billion in the previous year.
The company said the strong performance was driven by increased sales, better cost control, and the sharp drop in finance expenses.
