Prime Business AfricaCadbury Nigeria Plc generated N37.22 billion in the first quarter (Q1) of 2025, compared to the N23,69 billion recorded in the same period last year, representing an increase of 57 percent.
The confectionery and beverages company, in its unaudited financial statements for the period ended March 31, 2025, said cost of sales grew by 34.06 percent year-on-year, from N18.70 billion to N25.07 billion.
Join our WhatsApp ChannelWith turnover outpacing production cost, gross profit increased by 143 percent to N12.15 billion during the period under review, surpassing the N4.99 billion posted in the first quarter of 2024.
After accounting for other income and deducting administrative, selling and distribution expenses, Cadbury reported that results from operating activities increased threefold or 251 percent year-on-year, from N2.75 billion to N9.68 billion.
The company’s robust financial performance continued with net finance cost decreasing by 91.34 percent to N1.14 billion in Q1 2025, compared to the N13.21 billion reported in the corresponding period last year.
Consequently, Cadbury recorded N8.54 billion profit before tax (PBT) during the period under review, against the N10.45 billion loss before tax reported in the first quarter of 2024.
The sweet and drink company filed a N2.56 billion income tax in Q1 2025.
Also, in contrast to the N7.31 billion loss after tax recorded in the first quarter of last year, Cadbury reported that it recorded N5.97 billion profit after tax (PAT) in the same period this year.
In addition, Cadbury’s total assets increased to N84.33 billion at the end of June 2025, up from N72.44 billion recorded in Q1 2024, indicating an increase of 16.41 percent.
Similarly, total liabilities grew by 8.68 percent to N73.97 billion in the first quarter of this year, up from N68.06 billion recorded in the same period in 2024.
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
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