FTN Cocoa Processors Plc recorded a pre-tax loss of N252.65 million in 2025, marking its tenth consecutive year of losses. The financial results, audited and covering the period ending December 31, 2025, reflect ongoing struggles for the cocoa processing company. This latest loss adds to a decade-long run of negative performance, beginning in 2016. The company has now failed to post a profit for ten straight years despite operating in Nigeria's key agricultural export sector.
The persistent losses raise questions about the firm's operational model and management strategy. Shareholders have seen no return over the decade while the cocoa sector continues to face structural challenges. FTN Cocoa Processors Plc has not issued a public statement explaining the 2025 result or outlining corrective measures.
Ten years of uninterrupted losses at FTN Cocoa Processors Plc suggests more than market conditions—it points to entrenched mismanagement. With N252.65 million in pre-tax losses in 2025 alone, the company's survival on paper raises scrutiny over regulatory oversight by the Corporate Affairs Commission and NGX. Nigerian investors deserve transparency on how a firm can operate this long without profitability. This is less a business failure and more a signal of weak accountability in public companies.
