Tantalizers Plc (NGX: TANTALIZER), a major player in the quick-service restaurant industry, has reported a loss after taxation of N25.9 billion for the period ended June 30, 2025, according to its recently released financialstatements.
This loss contributes to the company’s significant negative Revenue Reserve balance, which now stands at minus N4.54 billion.
The company’s performance for the second quarter of 2025 showed a considerable drop in revenue figures compared to the previous financial year.
Key financial highlights include:
System Revenue: The total System Revenue for the period was N1.4 billion lower than N2.64 billion reported in 2024.
This figure comprises N642 million from Company Owned Outlet Sales and N753.64 million from Franchisee Owned Outlet Sales.
Gross Profit: Tantalizers recorded a Gross Profit of N205.12 million lower than N425.16 million in the previous year.
Operating Loss: The company posted an Operating Loss of N47.85 million.
The loss after taxation for the period, N25.9 is approximately 9.75% of the N265.59 million loss reported as at December 2024.
Earnings per Share (EPS): Basic and diluted earnings per share both stood at a loss of N1.
Despite the losses, the company’s Statement of Financial Position showed positive movement in managing its long-term debt. Total Non-Current Liabilities significantly decreased to N93.78 million as of June 30, 2025, from N276.37 million in December 2024. This reduction was primarily driven by the full payment of the Eco-Bank Plc Restructured Loan in June 2025.
However, the company’s total assets saw a decline, moving from N2.95 bi3 at the end of December 2024 to N2.66 billion at the end of June 2025.
Cash Flow
The company generated N269.87 million from operating activities during the period.
However, this was largely offset by net cash used in investing activities, which amounted to N403.74 million, and net cash used in financing activities of N307.75 million.
Cash and Cash Equivalents at the end of the period were N212.15 million.
The financial statement, signed by Managing Director Mr. Charles Ifidon and Finance Director Mr. Bamidele Oke, highlights the ongoing financial challenges faced by Tantalizers Plc, even as it takes steps to restructure its debt obligations.
The company will need to focus on strategies to reverse the operating losses and return to profitability in the coming periods.
On Friday, the company’s share price closed at N2.38 per share on NGX – 26.8% lower than it’s year high of N3.25 per share in March.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
