Cadbury Nigeria Plc has reported a revenue of N39.83 billion for the first quarter of 2026, representing a seven per cent increase from the N37.23 billion recorded in the same period of 2025.

According to the company’s financial report, gross profit stood at N10.89 billion, a 10 per cent decline compared to the N12.15 billion posted in the first quarter of 2025.

The company also recorded a profit of N3.64 billion during the period under review, showing a 39 per cent drop from the N5.98 billion reported in Q1 2025.

Cadbury Nigeria’s basic earnings per share also declined by 39 per cent to 160 kobo, compared to 262 kobo recorded in the corresponding period last year.

Commenting on the performance, the Interim Managing Director of Cadbury Nigeria, Folake Ogundipe, said the company made strategic decisions aimed at improving operational efficiency in response to the current business environment.

She explained that the move slightly affected profitability and revenue during the quarter.

“Underlying demand remains strong. The company remains focused on delivering sustainable and profitable growth through innovation and commitment to consumer needs,” Ogundipe said.

Meanwhile, Cadbury Nigeria also announced the appointment of three non-executive directors to its board.

The appointments include Hisham Ezz El Arab as a non-executive director and Dr. Rasaq Adedoyin Salami as an independent non-executive director, effective March 26, 2026.

Hisham currently serves as the Business Unit President for Mondelez Sub-Sahara Africa, while Dr. Salami is an economist and former Chief Economic Adviser to ex-President Muhammadu Buhari.

The company had earlier appointed Ms. Sree Patel as a non-executive director. She currently serves as Vice President and Chief Counsel for the Asia Middle East and Africa Region at Mondelez International, Cadbury Nigeria’s parent company.