WATCH THE VIDEO HERE Cadbury Nigeria Plc has released its audited financial results for the year ended December 31, 2024, reporting a pre-tax loss of N28.3 billion, an improvement from the N32.2 billion loss recorded the previous year. The company achieved a full-year revenue of N129.1 billion, up from N80.3 billion in the prior year, marking a year-over-year growth of 60.7%. The growth in revenue was primarily driven by sales of refreshments and beverages, with domestic sales accounting for 88.6% of total revenue at N114.3 billion, while export sales contributed N14.8 billion On the cost side, the cost of sales rose significantly to N110.9 billion, representing an increase of 75.97% from the N63 billion reported the previous year. Gross profit grew by 5.13% to N18.2 billion from N17.3 billion in 2023, while operating profit declined to N5.9 billion from N7.872 billion in 2023. As of the close of trading on March 28, 2025, Cadbury’s share price stood at N23.55, reflecting a YTD return of 9.53%. In comparison, the stock recorded a YTD gain of 13.16% in 2024
Cadbury Nigeria reports N28.3 billion pre-tax loss for 2024 despite 60% revenue growth
