Cadbury Nigeria generates N5.9bn profit in Q2 2025

Cadbury Nigeria Plc has bounced back in the second quarter (Q2) of 2025 with a profit before tax of N5.9 billion, a sharp turnaround from the N3.4 billion loss recorded in the same period last year.

This recovery pushed the half-year profit to N14.5 billion, compared to a loss of N13.8 billion in the first half of 2024, driven by surging sales and a sharp drop in net finance cost.

For the second quarter, revenue rose 44.25per cent to N40 billion, up from N27.7 billion in Q2 2024, pushing half-year revenue to N77.2 billion, a 50.17per cent increase year-on-year.

In the first half, domestic sales contributed 95.8per cent of total revenue, amounting to N74 billion, while exports made up N3.2 billion.

Although cost of sales spiked 30.96per cent in Q2 to N30.3 billion, the company still posted a strong gross profit of N9.7 billion, more than double the N4.5 billion recorded in the same quarter last year.

On the downside, selling and distribution expenses rose 38.53per cent to N2.6 billion in Q2. Even so, operating profit jumped to N6.5 billion, a notable increase from N1.9 billion in Q2 2024.

Bottom-line growth was further supported by a significant drop in net finance cost—especially interest on borrowings, which fell to N593.7 million, compared to N5.3 billion in the same period last year.

On the balance sheet, total assets grew to N87.5 billion, up 20.90per cent, while retained losses were reduced to N27.1 billion, an improvement from N37.2 billion in December 2024.