Cadbury Nigeria Plc reported a profit after tax of N10.14 billion for the nine months ended September 30, 2026, representing a 4.8 per cent increase from N9.68 billion recorded in the corresponding period of 2025, despite a decline in operating earnings.
The company’s unaudited financial statements showed that operating profit fell by 10 per cent to N14.31 billion from N15.90 billion a year earlier, indicating pressure on earnings from its core operations even as the company recorded higher revenue and gross profit.
Revenue rose by 6.2 per cent to N126.69 billion from N119.25 billion in the corresponding period of 2025. The increase in sales was accompanied by a stronger improvement in gross profit, which climbed by 31.5 per cent to N36.50 billion from N27.75 billion.
Profit before tax increased by 4.8 per cent to N14.48 billion from N13.83 billion, while profit for the period advanced to N10.14 billion from N9.68 billion. Earnings per share also rose to 445 kobo from 424 kobo in the prior-year period.
The third-quarter performance showed an improvement in profitability. Revenue for the quarter increased by 3.2 per cent to N43.34 billion from N42.00 billion in the corresponding quarter of 2025.
Gross profit for the third quarter more than doubled to N12.38 billion from N5.89 billion a year earlier. The company also recorded an operating profit of N2.54 billion, compared with an operating loss of N374 million in the corresponding period of 2025.
Profit after tax for the third quarter stood at N2.03 billion, reversing a loss of N496 million recorded in the same period of the previous year.
However, the company’s cash and cash equivalents declined to N10.67 billion from N15.02 billion at the end of December 2025, according to the statement of financial position.
Cadbury Nigeria’s total equity stood at N23.56 billion as of September 30, 2026, while its accumulated retained loss narrowed to N18.19 billion from N28.33 billion at the end of 2025.
