FTN Cocoa Reports ₦252.65 Million Loss in 2025

FTN Cocoa Processor Plc released its audited financial results for the year ending December 31, 2025, reporting a pre-tax loss of ₦252.65 million, marking the 10th consecutive year of losses. This loss, however, shows improvement compared to the ₦9.5 billion loss reported in 2024.

The company experienced significant revenue growth, with total revenue surging to ₦5.65 billion from ₦1.38 billion the previous year. This growth was primarily driven by a sharp increase in cocoa product exports, including cocoa butter, cake, liquor, and local sales of cocoa powder and palm kernel oil.

Despite achieving an operational profit of ₦284.45 million and an exchange gain of ₦1.8 billion, high direct costs, particularly raw material expenses, exceeded revenue and contributed significantly to the overall loss. FTN Cocoa's total assets increased to ₦22.14 billion in 2025 from ₦21.09 billion in 2024, reflecting a slight growth of 5%.

The accumulated loss eroded retained earnings, resulting in a deficit position of ₦26.83 billion.