Cadbury Nigeria Plc, a leading manufacturer of beverages, confectionery, and gum, has reported a 5% increase in pre-tax profit to N14.48bn for the nine months ended September 30. The company's revenue grew by 6% to N126.69bn, compared to N119.25bn in the same period in 2025. This growth is attributed to the company's strong market presence and diverse product portfolio, which includes Bournvita, Hot Chocolate 3 in 1, TomTom, Buttermint, and Clorets.
The company's gross profit grew significantly by 32% from N27.75bn to N36.50bn in the period under review. This substantial increase in gross profit is a result of effective cost management measures implemented by the company. Cadbury Nigeria's profit after tax also increased by 5% to N10.14bn, compared to N9.68bn in the same period in 2025. The company's basic earnings per share (EPS) also rose by 5% from 424 kobo to 445 kobo.
Cadbury Nigeria's total equity rose by 75.6% from N13.42bn to N23.56bn, indicating a significant improvement in the company's financial position. The company's managing director, Ayman Fahmy Gaafar, attributed the growth to the company's sustainable business strategies and ability to navigate the challenging operating environment in Nigeria. Gaafar emphasized that the company will continue to build on its operational capabilities and strengthen cost management measures to achieve its business objectives.
As a 79.39% subsidiary of Mondelēz International, a global snacking powerhouse, Cadbury Nigeria has access to a vast network of resources and expertise. The remaining 20.61% of shares are held by a diverse group of indigenous, individual, and institutional investors. The company's board of directors has undergone recent changes, with Doyin Salami appointed as the new Chairman in August, following the resignation of Adedotun Sulaiman.
The company's board also announced the appointment of Uwa Osa-Oboh as an Independent Non-Executive Director. Salami, a seasoned economist, has led the boards of several companies and served as Chief Economic Adviser to Nigeria's former President Muhammadu Buhari. Osa-Oboh, a seasoned executive, currently serves as Head of Corporate Development at Capital Alliance Nigeria, a member of the African Capital Alliance (ACA) Group.
Ayman Fahmy Gaafar, managing director of Cadbury Nigeria, expressed the company's commitment to continuously innovating to meet the needs of the Nigerian consumer. The company's product portfolio is a testament to its dedication to delivering high-quality products that meet the evolving needs of its customers. With a strong market presence and diverse product offerings, Cadbury Nigeria is well-positioned for continued growth and success.
The company's growth and success are a reflection of its ability to adapt to the challenging operating environment in Nigeria. With a focus on operational capabilities and cost management, Cadbury Nigeria is poised to achieve its business objectives and deliver value to its stakeholders. The company's commitment to innovation and customer satisfaction will continue to drive its growth and success in the Nigerian market.
Key points
- Cadbury Nigeria's pre-tax profit increases by 5% to N14.48bn in nine months.
- The company's revenue grows by 6% to N126.69bn, driven by strong market presence and diverse product portfolio.
- Cadbury Nigeria's gross profit grows by 32% to N36.50bn, attributed to effective cost management measures.
