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Tantalisers Plc has announced an ambitious expansion plan aimed at transforming the company into a diversified conglomerate with interests in fishing, entertainment, and technology, among others. The new board and management of Tantalisers revealed the company’s strategic growth plan at a “Facts Behind the Acquisition” forum held at the Nigerian Exchange (NGX) in Lagos.
Chairman of Tantalisers Plc, Alhaji Adam Nuru, stated that the company has begun implementing a transformative plan that will see it emerge as a “foodtainment” group. “The acquisition is more than a transaction. It’s a strategic investment in growth, innovation, sustainability, and it strengthens our position, expands our reach, and reinforces our commitment to delivering value to shareholders, consumers, and stakeholders,” Nuru said.
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He emphasised that the company’s financial targets, though challenging, are realistic and achievable. “To all of you who analyse trade and shape the movement of stocks, I want to assure you that we are building a company that is strong, forward-looking, and ready to capitalise on opportunities by consolidating on the past, breaking new frontiers, and evolving the food industry,” Nuru added.
Group Managing Director of Tantalisers Plc, Mr. Robert Speijer, presented the company’s business and financial forecasts, which indicate a significant increase in total revenue from N1.2 billion in 2024 to N17.4 billion and N48.58 billion in 2025 and 2026, respectively.
According to Speijer, the company’s net profit is expected to rebound from a loss after tax of N265 million in 2024 to N4.18 billion this year and quadruple to N16.1 billion by 2026. “The fishing and aquaculture industry is a vital component of global food security, economic development, and employment. As the world’s demand for seafood continues to rise, the industry value soars. Tantalisers is positioning itself as a major player in the Blue Economy,” Speijer said.
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Chief Executive Officer of the Nigerian Exchange (NGX), Mr. Jude Chiemeka, noted that Tantalisers holds a unique position as the only listed quick service restaurant offering company within the hospitality subsector on the Exchange.
“The services sector is a really strong sector. Tantalisers hold a major position within the hospitality subsector of the services sector. The services sector itself, by third quarter 2024, contributed 58% of our Gross domestic product (GDP), so that defines the strength of that sector,” Chiemeka said.
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