{
  "id": 14840336,
  "title": "Despite Revenue Growth, FTN Cocoa Announces N273.4m Loss in 2025FY",
  "url": "https://urgent.news/2026/10/16/despite-revenue-growth-ftn-cocoa-announces-n273-4m-loss-in-2025fy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T01:25:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/10/16/despite-revenue-growth-ftn-cocoa-announces-n273-4m-loss-in-2025fy/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}