Cadbury Nigeria profit hits N10.1 billion
The company's nine-month earnings surpass its entire 2025 profit, with gross margins improving.
Cadbury Nigeria reported a nine-month profit of N10.1 billion, exceeding its total profit for the entirety of 2025. The company's gross margin has recovered to nearly 29%, and its borrowings have decreased by one-third.
CEO Ayodele Abioye of BUA Foods stated that despite a 19% revenue decline to ₦1.15 trillion due to softer pricing and reduced consumer demand, profitability improved through cost optimisation and rigorous execution.
BUA Foods' results were announced alongside Cadbury Nigeria's financial update, with Cadbury Nigeria's performance indicating a recovery narrative for the company.
Why it mattersMinority shareholders in Cadbury Nigeria are awaiting their share of the company's improved financial performance.