FTN Cocoa Processors Reports 310% Revenue Growth in 2025

FTN Cocoa Processors Plc announced its financial results for the year ended December 31, 2025, showing a significant revenue increase of 310.5% to N5.65 billion, up from N1.38 billion in 2024. Despite this surge, the company reported a loss before tax of N273.40 million, an improvement from the N10.62 billion loss in the previous year.

High production costs, low factory utilization, and finance expenses continued to impact profitability, although a foreign exchange gain of N1.84 billion contributed positively, contrasting with an N11.68 billion loss in the prior year. The company's operating performance improved from an operating loss of N10.31 billion to an operating profit of N304.72 million, primarily due to the foreign exchange gain.

Total assets increased by 14.4% to N24.14 billion, while total liabilities rose to N23.71 billion. Total equity fell sharply to N421.78 million from N3.44 billion, reflecting accumulated losses and adjustments.

The share price closed at N7.55 on October 12, 2026, marking a 32.22% year-on-year increase from N5.71.