Food, Beverage & Tobacco Nigerian Community

Nascon delivered a 35.4% YoY surge in Q2 2025 revenue to ₦36.3bn, with H1 revenue jumping 55% YoY to ₦78.16bn. This growth reflects strong demand recovery, potential price adjustments, and improved market penetration.

Presco Plc Delivers Explosive Earnings Growth in H1 2025 – A High-Yield, High-Confidence Investment Case Presco Plc’s H1 2025 results reveal a remarkable earnings story driven by record revenue growth, margin expansion, and consistent operational strength. With a 125.8% surge in revenue and a 128.2% boost in net profit, Presco has firmly established itself as a top-tier performer in Nigeria’s agro-industrial sector.

Nigerian Breweries Plc has delivered a remarkable turnaround in H1 2025, swinging from a ₦85.2 billion loss in H1 2024 to an ₦88.4 billion profit. This performance reflects a combination of strong revenue growth, disciplined cost management, and sharply lower finance costs, positioning the company for a more stable and profitable future despite lingering macroeconomic pressures.

Nestlé Nigeria Plc has staged a remarkable recovery in H1 2025, reversing the prior year’s losses with impressive revenue and profit growth. A combination of robust top-line performance, margin expansion, and efficient cost control drove a swing from a ₦252.5 billion pre-tax loss in H1 2024 to an ₦88.4 billion profit in H1 2025.

Financial Highlights (H1 2025 vs H1 2024) Metric H1 2025 (₦’000) H1 2024 (₦’000) YoY Change Revenue 340,990,220 223,198,927 +52.7% Cost of Sales (219,412,477) (160,586,622) +36.6% Gross Profit 121,577,744 62,612,305 +94.1% Operating Expenses (59,269,904) (48,176,380) +23.0% Other Expense (6,208,822) (134,006,036) Significant Drop Profit Before Tax 61,527,171 (150,234,757) Turnaround Income Tax (20,239,432) 43,451,650 Reversal Net Profit 41,287,739 (106,783,107) Turnaround EPS (₦) 0.25 (3.98) Positive ✅ Balance Sheet Snapshot (as of June 2025 vs Dec 2024) Metric June 2025 (₦’000) Dec 2024 (₦’000) Change Total Assets 706,648,025 727,872,297 -2.9% Total Liabilities 216,446,210 278,958,220 -22.4% Equity 490,201,815 448,914,077 +9.2% Cash & Cash Equivalents 86,636,062 109,038,307 -20.5% Retained Losses (200,658,683) (241,946,422) Improved ✅ Key Observations 1. Strong Revenue Growth Revenue surged 53% YoY , reflecting higher beer demand and possible pricing adjustments.

The company has demonstrated exceptional earnings growth in H1 2025, backed by operational leverage, prudent cost control , and a healthy balance sheet. Despite agricultural seasonality and inflationary pressures, Okomu Oil's performance suggests continued upside potential in the near-to-medium term.

Cadbury Nigeria Plc has delivered a compelling turnaround in its H1 2025 performance, shifting from a loss position in 2024 to significant profitability, supported by sharp revenue growth, improved cost efficiency, and stronger operating leverage. While the earnings rebound is impressive, balance sheet concerns, especially around borrowings and cash erosion, suggest a need for cautious optimism.

FTN Cocoa Processors Plc has made commendable progress in trimming its losses for the half-year ended June 2025, reducing its pre-tax loss by 89% from ₦10.5 billion to ₦1.1 billion. Despite this, the company remains in negative territory, with a fragile equity position, rising liabilities, and declining asset base—all of which suggest that recovery is still a work in progress.

BUA Foods Plc H1/Q2- Strong Operating Momentum Amid Macroeconomic Volatility BUA Foods Plc delivered an impressive performance in H1 2025, showcasing significant growth in revenue and profit across both group and company levels, despite the macroeconomic headwinds and exchange rate volatility. The company's ability to maintain high margins and generate robust profits reinforces its position as a resilient player in Nigeria’s consumer goods and food manufacturing sector.