…Promises stronger returns as diversification strategy gathers pace
Tantalizers Plc has unveiled an ambitious growth strategy anchored on fresh investments in entertainment, fisheries, technology and human capital, as the company seeks to build a more resilient business and deliver sustainable returns to shareholders.
Speaking at the company’s 28th Annual General Meeting, Chairman Adam Nuru said the investments are part of a deliberate transformation plan aimed at reducing reliance on its traditional quick-service restaurant business while creating new revenue streams.
According to him, the company’s strategy is designed to strengthen long-term profitability by diversifying earnings and improving operational resilience.
“Our objective is clear: to diversify earnings, reduce concentration risk and build a more resilient enterprise capable of delivering sustainable shareholder returns across economic cycles,” Nuru said.
Nuru said Tantainment Limited, Tantalizers’ entertainment subsidiary, has completed key regulatory, technological and operational preparations required for commercial launch. The company’s focus is now on audience acquisition, strategic partnerships, content development and transitioning into revenue-generating operations.
He added that Tantalizers Fisheries Limited has also made significant progress in developing infrastructure and organisational capacity needed to compete effectively in the sector.
The investments, alongside continued spending on technology and workforce development, are expected to support the company’s long-term expansion strategy.
Nuru attributed the company’s return to profitability in 2025 to stronger operational discipline, improved revenue generation, better finance income and tighter cost management.
He stressed that while the company has returned to profit, management remains focused on building a sustainable business rather than pursuing short-term gains.
“I am more encouraged by the company’s prospects than at any point in recent years. Our investments in entertainment and fisheries create entirely new avenues for growth and have the potential to significantly strengthen and diversify our earnings over time,” he said.
Although he acknowledged that economic uncertainties and execution risks remain, Nuru said Tantalizers is now in a stronger position than it was a year ago.
“Our strategy is clear, our governance is strong, our people are committed, and our determination to create long-term shareholder value remains unwavering,” he added.
Tantalizers posted a profit after tax of N73 million in 2025, ending years of losses after recording a N265.6 million loss in 2024.
The company generated N2.9 billion in revenue, with gross profit rising to N463.8 million and profit before tax reaching N83.7 million.
According to the chairman, 2025 marked a defining year in the company’s evolution from a quick-service restaurant operator into a diversified consumer-focused enterprise.
“Today, Tantalizers is no longer defined solely by its legacy business. We are steadily building a broader platform capable of participating in multiple sectors of the consumer economy while maintaining the operational discipline necessary to create long-term shareholder value,” he said.
Shareholders commended the board and management for engineering the company’s turnaround and approved all resolutions presented at the AGM.
The meeting also ratified the appointment of Akintade Ogidan as a director and the re-election of Abosede Ayeni as Non-Executive Director, Bamidele Oke as Executive Director, and Dr. Israel Ovirih as Non-Executive Director.
The company said it will continue to pursue selective investments capable of delivering scalable earnings while maintaining prudent financial management as it consolidates its recovery.
