Tantalizers Plc, a fast-food restaurant chain, has announced an ambitious revenue target of N18 billion by the end of the 2025 financial year, driven by a transformation plan that includes expansion into the fishery and entertainment industries.
Key Highlights:
- Revenue target of N18 billion set for 2025 financial year
- Diversification plan includes expansion into fishery and entertainment industries
- Company aims to acquire 10 new trawlers by 2025 to enhance fish supply (which has been done)
- Projected turnover to rise to N17.4 billion in 2025 and N48.58 billion by 2026
- Gross profit expected to increase to N8.09 billion in 2025 and N30.14 billion in 2026
- Company expects to turn around its fortunes with a profit after tax of N4.18 billion in 2025.
Subject: Tantalizers Plc Expands into Nigeria's Blue Economy with Partnership Agreement
Tantalizers Plc has taken a significant step into Nigeria's blue economy by signing a partnership agreement with US-based Quinn Fisheries and Harvester Fishing. The agreement involves the acquisition of 10 fully equipped modern fishing trawlers.
Key Highlights:
- Partnership agreement with Quinn Fisheries and Harvester Fishing for the acquisition of 10 modern fishing trawlers
- Expansion into Nigeria's blue economy as part of diversification plans
- Tantalizers Plc reported a profitable 2024 with a year-to-date gain of 336.17%
- Stock price fluctuations in 2025, with a current attempt to recover from February's lows.
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