Cadbury Nigeria Plc has returned to profitability in the first quarter 2025 with N5.9bn profit after tax.
The company which declared a loss after tax of N10bn in the first quarter of 2024 surpassed expert prediction as it grew profitability by 182 per cent in same period of 2025.
Cadbury is a household name which is famous for its flagship product, Bournvita.
Last year, the company made N23.7bn revenue in the first quarter, but in the same period this year, its revenue grew 57 per cent to N37.2bn, defying expert predictions.
A breakdown of its operations showed that the company made domestic sales of N24.63bn from refreshment beverages and N10.96bn from confectioneries.
Based on its books, the company did not generate revenue from biscuit and intermediate cocoa products in Nigeria.
Cadbury’s export sales were N1.6bn, decreasing from the N1.75bn sold in the first quarter of 2024.
The improved performance was also reflected in Cadbury’s total assets, which rose to N84.3bn from N72.4bn in Q1 2024.
The manufacturer’s total liabilities also grew from N68bn in 2024 Q1 to N73.97bn, influenced by a rise in borrowings from N32.8bn last year to N34.9bn in Q1 this year.
Cadbury also saw its tax liabilities rise from N771.3m to N3.3bn in Q1 2025.
