Photo caption: Cadbury’s head office, Lagos
By Charles Okonji
Despite the hash economic and operational environment, Cadbury Nigeria Plc has announced a profit of N5.98billion for the first quarter of 2025.
This follows the approval of the unaudited financial statements of the Company by its Board of Directors.
The above represents an increase of 182 per cent, which reverses the loss of N7.32billion recorded by the Company at the corresponding period in 2024.
Cadbury Nigeria also recorded 182 percent increase in profit before tax of N8.54billion in the period under review, which also reverses the loss of N10.45billion it reported for the first quarter of 2024.
The Company’s gross profit also rose by 143 percent from N4.99billion to N12.15billion, in the same period.
According to the statement from the Company, Cadbury Nigeria’s turnover grew by 57 percent from N23.69billion in the first quarter of 2024, to N37.22billion in the first quarter of 2025, while its total equity rose from N4.38billion to N10.35billion, representing an increase of 137 percent.
The statement reveals that the Company’s basic earnings per share (EPS) increased by 182 percent to 262 kobo, reversing a loss of 321 kobo recorded for the period ended 31 March 2024, while its net assets per share, rose from 192 kobo to 454 kobo, representing an increase of 137 percent, in the period under review.
Commenting on the performance, Oyeyimika Adeboye, Managing Director, Cadbury Nigeria, noted that the Company’s sterling performance in the first quarter of this year, reflects its resilience and agility in the face of a challenging business environment.
She pointed out that the Company’s strong focus on cost management and efficient use of resources are yielding fruit.
“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. I must also specially thank Mondelez International, our parent company, for its unwavering support during this difficult period.” She emphasised.
Also, the statement issued by Frederick Mordi, the Company’s Head of Corporate Communications and Government Affairs, noted that Cadbury Nigeria, which turned 60 on 9 January 2025, was earlier this year, rated Number Two Top Employer in Nigeria and Regional Top Employer in Africa, by the Amsterdam-based Top Employers Institute, for the fourth consecutive year.
