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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Cadbury Nigeria

CADBURY · Nigerian Exchange · Company statements

On this page
Company details
Legal name
Cadbury Nigeria Plc
Listing
CADBURY on the Nigerian Exchange, active · ISIN NGCADBURY001 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

  • Revenue

    NGN 169 billion

    168,655,952 NGN thousands · p36

    +30.6% vs 2024

  • Operating profit / (loss)

    NGN 19.6 billion

    19,559,271 NGN thousands · p36

    +228.1% vs 2024

  • Profit / (loss) for the year

    NGN 8.97 billion

    8,969,792 NGN thousands · p36

    Moved from loss to profit (FY2024: (22,224,942) NGN thousands)

  • Total assets

    NGN 75.4 billion

    75,363,153 NGN thousands · p35

    +4.0% vs 2024

  • Total equity

    NGN 13.4 billion

    13,420,161 NGN thousands · p35

    +206.5% vs 2024

  • Cash from operations

    NGN 11.5 billion

    11,535,750 NGN thousands · p38

    −42.6% vs 2024

Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Revenue 168,655,952 129,165,095
Cost of sales (133,173,067) (110,937,326)
Gross profit 35,482,885 18,227,769
Other income 339,082 21,923
Selling and distribution expenses (10,015,244) (6,265,475)
Administrative expenses (6,247,452) (6,022,994)
Result from operating activities 19,559,271 5,961,223
Finance income 451,214 434,599
Finance cost (2,652,713) (34,722,150)
Net finance cost1 (2,201,499) (34,287,551)
Profit/(loss) before tax 17,357,772 (28,326,328)
Income tax (expense)/credit (8,387,980) 6,101,386
Profit/(loss) for the year 8,969,792 (22,224,942)
Other comprehensive income –2 –2
Total comprehensive profit/(loss) for the year 8,969,792 (22,224,942)
  1. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (1)
  1. “Net finance cost” is an issuer-specific line, not mapped to a shared definition: Printed subtotal of finance income and finance cost.

Balance sheet

Balance sheet, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Property, plant and equipment 19,431,728 16,706,145
Right-of-use assets 345,152 9,496
Intangible assets 70,153 105,504
Deferred taxation 9,343,260 16,265,022
Total non-current assets 29,190,293 33,086,167
Inventories 17,355,876 13,807,769
Trade and other receivables 13,074,290 8,259,709
Prepayments1 623,037 950,936
Other assets 38,968 –2
Right to returned goods assets3 64,270 –2
Cash and cash equivalents 15,016,419 16,339,363
Total current assets 46,172,860 39,357,777
Total assets 75,363,153 72,443,944
Share capital 1,140,142 1,140,142
Share premium 7,107,750 7,107,750
Other reserves4 33,177,321 33,177,321
Share based payment reserve5 321,472 250,296
Retained loss (28,326,524) (37,296,316)
Total equity 13,420,161 4,379,193
Employee benefits6 946,454 823,100
Lease liabilities 15,598 –7
Total non-current liabilities 962,052 823,100
Borrowings 22,806,642 32,811,040
Current tax liabilities 806,258 771,387
Trade and other payables 36,847,695 33,657,477
Refund Liabilities 178,422 –8
Lease liabilities 341,923 1,747
Total current liabilities 60,980,940 67,241,651
Total liabilities 61,942,992 68,064,751
Total equity and liabilities 75,363,153 72,443,944
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (5)
  1. “Prepayments” is an issuer-specific line, not mapped to a shared definition: Current asset line (note 18).
  2. “Right to returned goods assets” is an issuer-specific line, not mapped to a shared definition: Current asset line (note 25).
  3. “Other reserves” is an issuer-specific line, not mapped to a shared definition: Equity line (note 20).
  4. “Share based payment reserve” is an issuer-specific line, not mapped to a shared definition: Equity line (note 22).
  5. “Employee benefits” is an issuer-specific line, not mapped to a shared definition: Non-current liability for employee benefits (note 21).

Cash flow

Cash flow, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Cash generated from operating activities 18,494,240 22,826,023
Employee benefit paid1 (128,627) (87,003)
VAT paid2 (5,403,875) (2,558,820)
Income tax paid (1,425,988) (70,666)
Net cash generated from operating activities 11,535,750 20,109,534
Interest received 451,214 434,599
Proceeds from sale of property, plant and equipment 319,471 132,598
Acquisition of property, plant and equipment (5,297,143) (5,065,431)
Net cash used in investing activities (4,526,458) (4,498,234)
Dividends paid (303,232) (15,157)
Additions - Intercompany loan3 –4 34,420,000
Additions - Import finance facilities5 –4 8,345,117
Repayment - Intercompany loan6 (7,294,750) (2,505,515)
Repayment - interest on Import finance facilities7 (206,484) (53,857,607)
Repayment - Intercompany loan interest8 (4,679,870) –4
Repayment of lease liabilities (326,826) (11,650)
Net cash used in financing activities (12,811,162) (13,624,812)
Net (decrease)/increase in cash and cash equivalents (5,801,870) 1,986,480
Cash and cash equivalents at 1 January 16,339,363 20,455,005
Exchange gain/(loss) on foreign currency cash and cash equivalents 4,478,926 (6,102,122)
Cash and cash equivalents at 31 December 15,016,419 16,339,363
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (7)
  1. “Employee benefit paid” is an issuer-specific line, not mapped to a shared definition: Operating cash outflow after cash generated from operating activities.
  2. “VAT paid” is an issuer-specific line, not mapped to a shared definition: Operating cash outflow after cash generated from operating activities.
  3. “Additions - Intercompany loan” is an issuer-specific line, not mapped to a shared definition: Financing inflow (note 24).
  4. “Additions - Import finance facilities” is an issuer-specific line, not mapped to a shared definition: Financing inflow (note 24).
  5. “Repayment - Intercompany loan” is an issuer-specific line, not mapped to a shared definition: Financing outflow (note 24).
  6. “Repayment - interest on Import finance facilities” is an issuer-specific line, not mapped to a shared definition: Financing outflow as labelled (note 24).
  7. “Repayment - Intercompany loan interest” is an issuer-specific line, not mapped to a shared definition: Financing outflow (note 24).

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Earnings / (loss) per share (per share)3 3.931 (9.75)2
  1. Printed as 393 kobo; value converted to NGN at 100 kobo = 1 NGN.
  2. Printed as (975) kobo; value converted to NGN at 100 kobo = 1 NGN.
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic and diluted earnings/(loss) per share (Kobo)”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Dividends paid (303,232) NGN thousands Annual report, p38
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid (15,157) NGN thousands Annual report, p38

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Cadbury Nigeria Plc Annual report and financial statements For the year ended 31 December 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: PricewaterhouseCoopers, Lagos, Nigeria, unmodified opinion · signed

    Auditor's sign-off: Udochi Muogilim (FRC/2013/PRO/ICAN/004/00000003209), for PricewaterhouseCoopers

    Final status: The independent auditor's report to the members (opinion PDF p32) is signed by hand by Udochi Muogilim (FRC/2013/PRO/ICAN/004/00000003209) for PricewaterhouseCoopers, Lagos, dated 31 March 2026, with the ICAN seal (PDF p34, page image). The statement of financial position carries visible signatures of Mr. Adedotun Sulaiman (Chairman), Folake Ogundipe (Interim Managing Director) and Victoria Akhigbe (Financial Controller), but the approval date is printed with the day left blank: 'approved and authorised for issue by the Board of Directors on ____ March 2026' (PDF p35, page image; also note 1/2, p40).

    Document date
    31 Mar 2026
    Auditor's report
    31 Mar 2026
    Board approval
    date left blank in this document
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    company statements · NGN thousands (printed “In thousands of naira”)
    • 2024 cash flows: operating 20,109,534, investing (4,498,234) and financing (13,624,812) give 1,986,488, but the net increase is printed 1,986,480 (8 thousand less); the printed net increase agrees with opening 20,455,005, the exchange loss (6,102,122) and closing 16,339,363. Kept as printed (checked on the page image, p38); the 2024 net-change check fails.
    • Note 31 'Going concern' (p78) records the directors' satisfaction that the company will continue as a going concern; the auditor's report contains no going-concern, emphasis-of-matter or key audit matter paragraph ('We have determined that there are no key audit matters to communicate in our report', p32).
    • The board approval date is printed with the day blank ('____ March 2026') on the statement of financial position (p35) and in the basis of preparation (p40).
    • Earnings per share printed in kobo: basic and diluted 393 (2024: (975)) (p36).
    Technical details
    File
    84 pages, with a text layer
    SHA-256
    0caf4d3e6ea8d5184a10bf1b4d62b37f7b13a0eebc4bbb82d0daa73c416086c9
    Entity as printed
    Cadbury Nigeria Plc
    Exchange copy
    retrieved 2026-10-08T17:59:42Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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