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 N7.32 billion that the Company recorded for the same period in 2024.
The Company also recorded an 182 percent increase in profit before tax of N8.54 billion in the period under review, reversing the loss of N10.45 billion that it had reported for the first quarter of 2024.
Cadbury Nigeria’s gross profit further improved by 143 percent from N4.99billion to N12.15billion, in the same period.
A statement from the Company said 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 added 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.
According to Managing Director, Cadbury Nigeria, Oyeyimika Adeboye, 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 added 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 to ensuring that we successfully navigated the stormy waters. I must also especially thank Mondelez International, our parent company, for its unwavering support during this difficult period.”
The statement issued by the Company’s Head of Corporate Communications and Government Affairs, Frederick Mordi, 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.