Cadbury Nigeria records N126bn turnover in nine months of 2026
Cadbury Nigeria Plc has announced a revenue of N126.69billion for the nine months ended September 30, 2026, following the approval of the Company’s unaudited financial statements by its Board of Directors.
This represents an increase of six per cent over the N 119.25billion revenue that the Company posted in the same period in 2025.
The Company’s gross profit grew by 32 per cent from N27.75billion to N36.50billion in the period under review. Cadbury Nigeria also reported a profit of N 10.14billion, which translates to a 5 percent increase compared to the N9.68billion reported in the same period in 2025. Its profit before tax increased by 5 percent from N13.82billion to N14.48billion.
The Company’s total equity rose by 75.6 percent from N13.42billion to N23.56billion, while its basic earnings per share also increased by 5 percent from 424k to 445k.
Commenting on the result, Managing Director, Cadbury Nigeria, Ayman Fahmy Gaafar said the Company delivered sustainable growth despite the challenging operating environment in the country.
Ayman said: “We will continue to build on our operational capabilities and strengthen cost management measures to enable us to achieve our business objectives and deliver more value for our stakeholders. We are also continuously innovating to meet the needs of the Nigerian consumer.”
Cadbury Nigeria had announced the appointment of Dr. ’Doyin Salami as new Chairman in August this year, following the resignation of Mr. Adedotun Sulaiman. The Board also announced the appointment of Mrs. Uwa Osa-Oboh as an Independent Non-Executive Director.
Dr Salami, who has led the Board of several companies, was Chief Economic Adviser to Nigeria’s former President Muhammadu Buhari, and earlier was Chairman of the Presidential Economic Advisory Council. Mrs. Osa-Oboh is a seasoned executive and currently serves as Head of Corporate Development at Capital Alliance Nigeria, a member of the African Capital Alliance (ACA) Group, one of Africa’s leading investment management firms.
Meanwhile, Cadbury Nigeria emerged top winner at this year’s Chartered Institute of Personnel Management of Nigeria (CIPM) HR OSCARS held in Abuja recently. The Company won in three categories namely: Talent Acquisition; Adoption of Technology; and Employee Engagement and Internal Communication, where it achieved a perfect 100% score.
The HR OSCARS are hosted by the CIPM as part of its annual International Conference and Exhibition (ICE), and it is the largest gathering of HR professionals in Africa. The awards provide an independent external validation of best-in-class people practices. This recognition affirms that Cadbury Nigeria’s people practices are not only aligned with business strategy but are also genuine enablers of performance, culture, and employee experience.
The statement was issued by Frederick Mordi, the Company’s Head of Corporate Communications and Government Affairs.
