Despite Revenue Growth, FTN Cocoa Announces N273.4m Loss in 2025FY
Kayode Tokede Despite hike in revenue, FTN Cocoa Processors Plc has announced a before tax of N273.4 million in 2025 audited financial statement from N10.62 billion loss before tax in 2024, to sustain
Cocoa processing company FTN Cocoa has reported a N273.4 million loss for the financial year 2025 despite a significant increase in revenue. The audited financial statement revealed a substantial loss, coming after a N10.62 billion loss in the previous year, 2024. This decline in performance comes amid a rise in costs, with raw material expenses reaching N5.29 billion in 2025, up from N130.18 million in 2024.
The company's cost of sales, which exceeded its revenue, has been a key factor in the loss. FTN Cocoa's revenue increased by 310.5% to N5.65 billion in 2025, with cocoa butter exports rising by 158% to N3.54 billion and local sales of cocoa powder and butter growing by 65,736.2% to N2.1 billion. The company also reported a total asset base of N24.14 billion, a 14.4% increase from N21.09 billion in 2024.
In 2025, FTN Cocoa secured a N5 billion loan from NEXIM Bank at a 9% interest rate, which was used for procuring cocoa beans and processing them into cocoa products for export.
Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
