Financials & Economy

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.

The country has benefited from the trade war between China and the United States, in which China has shifted most of its purchases to Brazil and Argentina.

The quarter showcased segment resilience despite retailer and pantry-loading inventory normalization post-inflation.