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Cadbury Nigeria Plc has reported impressive growth in sales and profitability for the first quarter, with net profit surging 182% to N5.98 billion. According to the company’s interim report and accounts for the quarter ended March 31, 2025, Cadbury Nigeria reversed its loss of N7.32 billion recorded in the first quarter of 2024.
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The company’s pre-tax profit stood at N8.54 billion, a significant improvement from the loss of N10.45 billion in the same period last year. Gross profit rose by 143% to N12.15 billion, while turnover increased by 57% to N37.22 billion.
Total equity jumped by 137% to N10.35 billion, and earnings per share (EPS) increased by 182% to N2.62, reversing a loss of N3.21 in the comparable period of 2024. Net assets per share also rose by 137% to N4.54
Cadbury Nigeria’s managing director, Oyeyimika Adeboye, attributed the company’s strong performance to its resilience and agility in a challenging business environment. “I must commend my colleagues at Cadbury Nigeria and our board of directors for their commitment in ensuring that we successfully navigated the stormy waters,” Adeboye said. “I must also specially thank Mondelez International, our parent company, for its unwavering support during this difficult period.”
Adeboye further highlighted the company’s focus on cost management and efficient resource utilisation as key drivers of its success. Cadbury Nigeria recently celebrated its 60th anniversary and was recognized as the Number Two Top Employer in Nigeria and Regional Top Employer in Africa by the Top Employers Institute for the fourth consecutive year
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Jonathan Nwokpor
