Fan Milk PLC recorded a profit after tax of GH¢68.33 million for the year ended December 31, 2025, representing a 38 per cent increase from the GH¢49.46 million reported in the previous year, according to the company’s audited financial statements released on March 31, 2026.
The financial statements, signed by Chairperson Freda Yahan Duplan and Managing Director Lionel Parent, showed that total revenue for the year rose by 46 per cent to GH¢1.00 billion from GH¢683.82 million in 2024. Gross profit increased to GH¢364.50 million from GH¢248.29 million.
Operating profit climbed to GH¢96.12 million from GH¢77.64 million in the prior year, while profit before taxation stood at GH¢104.26 million, up from GH¢72.92 million. Income tax expense for the year amounted to GH¢33.32 million, with an additional GH¢2.61 million charged as growth and sustainability levy.
Basic earnings per share improved to 0.588 pesewas from 0.426 pesewas.
The directors recommended a dividend of GH¢0.11 per share, amounting to GH¢12.8 million for the 2025 financial year, an increase from the GH¢0.08 per share or GH¢9.3 million paid in respect of 2024.
The company’s total assets increased to GH¢662.80 million from GH¢590.73 million, while total liabilities stood at GH¢331.03 million. Total equity rose to GH¢331.77 million from GH¢272.74 million in 2024.
Cash and cash equivalents at year-end more than doubled to GH¢231.61 million from GH¢109.11 million. Cash generated from operations increased to GH¢216.34 million from GH¢159.37 million.
The company’s inventory position stood at GH¢99.46 million, down from GH¢114.21 million in 2024. Trade and other receivables decreased to GH¢141.72 million from GH¢192.89 million, while trade payables fell to GH¢38.64 million from GH¢51.74 million.
Gross sales for the year amounted to GH¢1.15 billion, up from GH¢799.01 million, driven by strong performance across all product categories. Dairy sales increased to GH¢1.04 billion from GH¢600.45 million, while ice cream sales rose to GH¢99.24 million from GH¢70.93 million.
Rebates and discounts granted to customers amounted to GH¢151.49 million, compared to GH¢115.19 million in the prior year.
The company employed 330 permanent staff as at December 31, 2025, up from 292 in the previous year. Employee benefits expense increased to GH¢119.76 million from GH¢80.06 million.
The audit fee for the year was GH¢440,000, compared to GH¢400,000 in 2024. Forvis Mazars served as the company’s auditors.
Fan Milk International A/S remains the majority shareholder of the company with 62.11 per cent shareholding. The ultimate parent company is Danone S.A., incorporated in Paris, France.
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Source: www.myjoyonline.com