Cadbury Nigeria Plc, on Thursday presented its unaudited report for the half-year ended June 30, 2026, with a revenue of N83.35 billion, representing an increase of 8 percent over the N77.25billion reported in the same period in 2025. Gross profit rose by 10 percent from N21.86 billion to N24.12 billion, while after tax profit stood at N8.1 billion, which translated to a 20 percent decrease, when compared to the N10.17billion reported in H1 2025.
A statement by the company quoted Ayman Fahmy Gaafar, its Managing Director as saying Cadbury Nigeria continued to navigate headwinds as operating cost remained high due to increased cost of freight, among others, just as slow consumer demand impacted profit in the period.
He however said favourable foreign exchange rate reduced net finance cost by 89 percent from N1.74 billion in the prior half-year to N187 million, assuring that “despite these challenges, Cadbury Nigeria remains committed to delivering value to its stakeholders and will continue to drive business fundamentals, while increasing its Go-to-Market (GTM) capabilities.”
The statement by Frederick Mordi, the Company’s Head of Corporate Communications and Government Affairs, recalls that Cadbury Nigeria announced the appointment of Gaafar as new Managing Director in May to spearhead its business operations and accelerate market expansion across the West Africa region.
He has worked for several companies including Procter & Gamble, where he rose to Commercial Vice President Nigeria, delivering strong double-digit growth, in addition to a strong track record of setting up operations, transforming distribution models, and scaling businesses across complex multi-market environments.
With deep expertise in GTM transformation, capability building, and organisational culture, the statement added that the new CEO has also driven step-change results across both food and non-food categories — from quadrupling direct distribution coverage in Egypt to building high-performing teams across Africa, the Middle East, and Asia. His appointment reflects Mondelēz International’s continued commitment to strengthening its presence and leadership in key markets across Sub-Saharan Africa.
