By Kayode Olopade
Cadbury Nigeria Plc has announced a profit before tax (PBT) of N14.535billion for the first six months of 2025, following the Board of Directors’ approval of the Company’s unaudited financial statements. This represents a 205 percent increase in profit over the loss of N13.880billion that the Company recorded for the same period in 2024.
The Company’s gross profit rose by 128 percent from N9.587billion to N21.859billion in the period under review, while it reported a profit of N10.175billion for the period, reversing a loss of N9.716billion that it had reported for the first half of 2024. This translates to a 205 percent increase.
A statement from the Company said Cadbury Nigeria’s turnover grew by 50 percent from N51.440billion in the first half of 2024, to N77.251billion in the first six months of 2025, while its basic earnings per share (EPS) increased by 205 percent to 446 kobo, reversing a loss of 426 kobo recorded for the period ended 30 June 2024.
Commenting on the Company’s outstanding performance, Oyeyimika Adeboye, Managing Director, Cadbury Nigeria, said the sustained growth trajectory in the first half of this year are largely driven by robust topline growth, continued resource optimisation and cost management to protect our margins. The relative stability of the Naira has also been an important enabler for better business planning and the team remain focused on delivering our business objectives.
Adeboye said: “We, at Cadbury Nigeria, remain committed to delivering value for our stakeholders, particularly our shareholders, despite operating in a challenging business environment. We will keep a clear focus on our goals with the support of Mondelez International, our parent company that strongly believes in the potential of Nigeria.”
The statement, which added that Cadbury Nigeria turned 60 years on 9 January 2025, was issued by Frederick Mordi, the Company’s Head of Corporate Communications and Government Affairs.
About Mondelēz International
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2024 net revenues of approximately $36.4 billion, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate. Mondelēz International is a proud member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index. Visit www.mondelezinternational.com
or follow the company on X at x.com/MDLZ.
About Cadbury Nigeria
Cadbury Nigeria Plc (CNP), a publicly quoted company, is the pioneer cocoa beverage manufacturer offering some of the most loved brands in the country. Cadbury Nigeria is a 79.39%-owned subsidiary of Mondelēz International, a global snacking powerhouse with an unrivalled portfolio of brands. The remaining 20.61% of shares are held by a diverse group of indigenous, individual and institutional investors. A front-runner in beverages, confectionery and gum, Cadbury Nigeria’s quality products--Bournvita, Hot Chocolate 3 in 1, TomTom, Buttermint, and Clorets--are market leaders in their respective consumer segments. For more information, visit www.cadburynigeria.com or www.mondelezinternational.com/About/Nigeria
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