Cadbury Nigeria Plc has announced a profit of N5.98 billion for the first quarter of 2025, following the approval of the unaudited financial statements of the Company by its Board of Directors.
This represents an increase of 182 percent, reversing the loss of N7.32billion that the Company recorded for the same period in 2024.
Cadbury Nigeria also recorded 182 percent increase in profit before tax of N8.54billion in the period under review, reversing the loss of N10.45billion that it had reported for the first quarter of 2024.
Also, Cadbury Nigeria’s gross profit further improved by 143 percent from N4.99billion to N12.15billion, in the same period.
In addition, Cadbury Nigeria’s turnover grew by 57 percent from N23.69billion in the first quarter of 2024, to N37.22 billion in the first quarter of 2025, while its total equity rose from N4.38 billion to N10.35 billion, representing an increase of 137 percent.
Moreover, 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.
According to Ms. Oyeyimika Adeboye, Managing Director, Cadbury Nigeria, the company’s sterling performance in the first quarter of this year, reflected its resilience and agility in the face of a challenging business environment.
She added that the Company’s strong focus on cost management and efficient use of resources are yielding fruit.
She said: “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.”
A statement that was issued by Dr. Frederick Mordi, Head of Corporate Communications and Government Affairs, Cadbury Nigeria, 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.
