January 28, 2026/CSL Update

Financial Highlights:

• Revenue: +31.5% y/y to ₦169.84Bn
• Cost of Sales: +20.1% y/y to ₦133.24Bn
• OPEX: +26.6% y/y to ₦15.56Bn
• EBITDA: +201.6% y/y to ₦23.83Bn
• Operating Profit: +244.7% y/y to ₦20.55Bn
• Profit After Tax: +154.4% y/y to ₦12.09Bn

Stock Rating: Buy | Target Price: ₦83.08/share

To read full report, click on the link below​​

​​​CADBURY FY 2025 Quick Take.pdf​​​​​​​​​​​​​​​​​​​​​

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