Cadbury Nigeria Plc has reported a revenue of N83.35 billion for the first half of 2026, representing an 8 percent increase from the N77.25 billion recorded in the corresponding period of 2025.
The company disclosed this after its Board of Directors approved its unaudited financial statements for the six months ended June 30, 2026.
According to the results, gross profit rose by 10 percent to N24.12 billion, compared with N21.86 billion in the first half of 2025.
However, profit after tax declined by 20 percent to N8.10 billion from N10.17 billion recorded in the same period last year.
Commenting on the performance, the Managing Director of Cadbury Nigeria, Ayman Fahmy Gaafar, said the company continued to face significant operating challenges, including high freight costs and weak consumer demand.
He noted that while operating costs remained elevated, the company benefited from improved foreign exchange conditions, which reduced net finance costs by 89 percent from N1.74 billion in H1 2025 to N187 million in the period under review.
“Despite these challenges, Cadbury Nigeria remains committed to delivering value to its stakeholders and will continue to drive business fundamentals while increasing its Go-to-Market capabilities,” Gaafar said.
Cadbury Nigeria appointed Gaafar as Managing Director in May 2026 to lead the company’s operations and accelerate market expansion across the West African region.
Before joining Cadbury Nigeria, he held senior leadership positions at several multinational companies, including Procter & Gamble, where he served as Commercial Vice President for Nigeria. The company said his experience spans business transformation, distribution expansion, capability building, and market growth across Africa, the Middle East, and Asia.
Cadbury Nigeria is a subsidiary of Mondelēz International, which holds a 79.39 percent stake in the company, while the remaining shares are owned by Nigerian individual and institutional investors.
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