Food, Beverage & Tobacco Nigerian Community

FTN Cocoa Processors Plc has posted a significantly improved performance for the first quarter ended March 2025 , slashing its loss before tax by 94% to ₦575.6 million , compared to ₦8.89 billion in the same period last year. The result comes on the back of a resurgence in revenue , with the company recording ₦572 million in Q1 2025 , having posted zero turnover in Q1 2024.

The Okomu Oil Palm Company Plc for the period ended March 31, 2025: Key Financial Highlights (Q1 2025 vs Q1 2024) Metric Mar-25 (₦'000) Mar-24 (₦'000) % Change Turnover 58,110,161 43,482,839 ▲ 33.6% Cost of Sales 15,496,015 10,324,982 ▲ 50.0% Gross Profit 42,614,146 33,157,857 ▲ 28.5% Net Operating Expenses 9,591,361 8,331,718 ▲ 15.1% Operating Profit Before Fair Value/Finance Income 33,022,785 24,826,139 ▲ 33.0% Finance Income 66,706 2,719,148 ▼ 97.5% Finance Costs 886,788 4,512,073 ▼ 80.4% Profit Before Tax (PBT) 32,202,703 23,033,214 ▲ 39.8% Taxation 10,464,531 7,952,385 ▲ 31.6% Profit After Tax (PAT) 21,738,172 15,080,829 ▲ 44.1% Basic Earnings Per Share (EPS) 2,279 Kobo 1,581 Kobo ▲ 44.1% Statement of Financial Position Summary (as at March 31, 2025) Category Mar-25 (₦'000) Dec-24 (₦'000) % Change Fixed Assets + ROU + Bio Assets 86,490,723 76,991,900 ▲ 12.4% Current Assets 78,337,284 40,046,038 ▲ 95.7% ▸ Cash & Bank 52,217,440 17,334,904 ▲ 201.2% Current Liabilities 45,400,430 26,111,091 ▲ 73.9% Net Current Assets 32,936,854 13,934,947 ▲ 136.3% Long-Term Liabilities 29,187,366 22,424,808 ▲ 30.2% Net Assets 77,216,467 55,478,295 ▲ 39.2% Key Observations Strong Revenue Growth : A 34% increase in turnover reflects higher output or pricing, likely supported by robust palm oil and rubber demand. Margin Expansion : Despite a 50% increase in cost of sales, the company maintained a healthy gross profit margin (~73.3%).

Q1 result: Strong Topline Growth but Rising Finance Costs Erode Bottom Line The latest unaudited results for the period ended 31 March 2025 reflect a business navigating a delicate balance between robust revenue growth and escalating finance costs. Despite an impressive top-line surge, bottom-line profitability was significantly pressured by debt-related expenses , leaving room for both cautious optimism and strategic reassessment.

DANGOTE SUGAR REFINERY PLC – Q1 2025 Financial Performance Summary For the Quarter Ended March 31, 2025 Dangote Sugar Refinery Plc recorded a loss of ₦23.6 billion in Q1 2025 despite stable revenue, dragged down by massive finance costs and persistent administrative expenses , signaling that cost management and debt exposure remain key challenges. KEY FINANCIAL HIGHLIGHTS (GROUP FIGURES) Item Q1 2025 Q1 2024 % Change Revenue ₦213.93 billion ₦122.73 billion ▲ 74% Cost of Sales ₦204.67 billion ₦113.98 billion ▲ 80% Gross Profit ₦9.26 billion ₦8.75 billion ▲ 6% Operating Profit ₦2.75 billion ₦5.30 billion ▼ 48% Finance Cost ₦29.86 billion ₦122.52 billion ▼ 76% Loss Before Tax ₦22.63 billion ₦106.86 billion ▼ 79% Net Loss ₦23.65 billion ₦68.99 billion ▼ 66% EPS (Naira) (₦1.95) (₦5.68) ▼ 66% ANALYSIS AND INSIGHTS ✅ Positives Revenue Surge : Topline grew 74%, reflecting stronger market demand or price increases.

Northern Nigeria Flour Mills Plc (NNFM) has delivered a solid financial performance for the fiscal year ended March 31, 2025, reflecting robust topline growth, disciplined cost management, and significant balance sheet expansion. Key Takeaways: Revenue surged by 36.38% year-on-year to N35.3 billion (FY 2024: N25.9 billion), underscoring strong product demand and effective market penetration.

Nestlé Nigeria’s performance in Q1 2025 marks a sharp pivot from last year’s financial struggles, posting a profit before tax of ₦51.15 billion compared to a pre-tax loss of ₦196.09 billion in Q1 2024. Net profit came in at ₦30.18 billion , rebounding from a staggering ₦142.68 billion loss in the prior period—despite a high effective tax rate of 41.0%.

BUA Foods Plc kicked off the 2025 financial year with a stellar performance, doubling its profit after tax by 124.5% year-on-year to ₦125.3 billion , up from ₦55.8 billion in Q1 2024. This impressive growth was driven by strong topline expansion, better cost control, and significant reductions in finance expenses.

Presco Plc kicked off 2025 with exceptional momentum, doubling both its top- and bottom-line earnings in the first quarter, driven by robust pricing, increased production volumes, and operational leverage across its vertically integrated palm oil operations. Key Highlights from Q1 2025 Results: Revenue: ₦93.8 billion ▲ +120.4% YoY (Q1 2024: ₦42.5 billion) Gross Profit: ₦86.1 billion ▲ +154.8% YoY Operating Profit: ₦69.1 billion ▲ +117.6% YoY EBITDA: ₦71.6 billion ▲ +117.9% YoY Profit Before Tax (PBT): ₦58.6 billion ▲ +97.6% YoY Profit After Tax (PAT): ₦47.6 billion ▲ +97.8% YoY Earnings Per Share (EPS): ₦4.76 ▲ +97.8% YoY Total Assets: ₦548.6 billion ▲ +15.5% from FY 2024 Equity: ₦178.9 billion ▼ -15.3% from FY 2024 Revenue and Profit Soar Amid Strong Operational Performance Presco more than doubled its revenue year-on-year , reflecting favorable market conditions for crude palm oil, improved production efficiency, and solid sales execution.

Cadbury Nigeria Plc saw its market value surge by 21% in the equities segment of the Nigerian Exchange (NGX) over the past week, as investor sentiment turned optimistic in anticipation of the company’s Q1 2025 earnings release. The stock advanced from ₦22.00 to ₦26.60 , with over 1.34 million shares changing hands, amounting to ₦35.3 million in value.