Honeywell Flour Mills remained profitable from April to December 2025, but earnings declined compared to the previous year due to lower revenue and higher expenses.
During a conference call with analysts on Jan. 28, Creel said the ongoing trade war with the United States has negatively impacted CPKC.
Total assets climbed to N1.39 trillion, up 26 per cent on 2024, driven by growth in current assets, including cash and receivables, as well as strategic reinvestment of earnings.
The downturn was attributed to a steep decline in revenue, a near-collapse in other operating income, high material costs, and a spike in finance costs.
A key component of the strategy is targeted investment in assets expected to deliver measurable volume and margin gains.