…Appoints three Non-Executive Directors
Cadbury Nigeria Plc has announced a revenue of N39.83billion for the first quarter of 2026, following the Company’s Board of Directors’ approval of its unaudited financial statements. This represents a seven per cent increase in revenue over the N37.23billion that the Company recorded in the same period in 2025.
The Company’s gross profit stood at N10.89billion in the period under review and was 10 per cent lower than the N12.15billion reported in the first quarter of 2025. Cadbury Nigeria also reported a profit of N3.64billion in Q1 2026, which translates to a 39 per cent decrease compared to the N5.98billion reported in Q1 2025.
A statement from the Company said Cadbury Nigeria’s basic earnings per share (EPS) declined by 39 per cent from 262 kobo to 160 kobo, within the reporting period.
Commenting on this, Folake Ogundipe, Interim Managing Director, Cadbury Nigeria, said the Company took a strategic decision to enhance its operational efficiency in line with the dynamics of the business environment, adding that this slightly impacted on profitability and revenue in the first quarter of the year.
Ogundipe said: “Underlying demand remains strong. The Company remains focused on delivering sustainable, profitable growth, supported by strong fundamentals, ongoing innovation, and a commitment to meeting consumer needs.”
Meanwhile, Cadbury Nigeria has announced the appointment of Hisham Ezz El Arab as a Non-Executive Director, and Dr. Rasaq Adedoyin Salami as an Independent Non-Executive Director, effective 26th March 2026.
Hisham, who joined Mondelez International earlier this year, is current Business Unit President for Mondelez Sub-Sahara Africa, while Dr. Salami is an economist with over three decades of professional and leadership experience. He served as Chief Economic Adviser to former Nigerian President Muhammadu Buhari and was also Chairman of the Presidential Economic Advisory Council. The Company had earlier announced the appointment of Ms. Sree Patel as a Non-Executive Director on its Board. Ms. Patel is currently the Vice President and Chief Counsel, Asia Middle East and Africa (AMEA) Region in Mondelez International, Cadbury Nigeria’s parent company.
The statement was issued by Frederick Mordi, the Company’s Head of Corporate Communications and Government Affairs.
