FanMilk reports revenue US$93.9M of in full year 2025

GHANA – Fan Milk PLC has recorded a 46.3 per cent increase in revenue to US$93.83 million (GHS 1 billion) for the year ended December 31, 2025, up from US$64.27 million (GHS 683.8 million) in 2024, according to unaudited financial statements filed with the Ghana Stock Exchange (GSE).

Profit after tax rose 36 per cent to US$6.34 million (GHS 67.4 million) from US$4.65 million (GHS 49.5 million), while earnings per share increased to GHS 0.58 from GHS 0.43.

The company, a subsidiary of Danone and a leading frozen dairy producer in Ghana, invested US$3.38 million (GHS 36 million) in capital expenditure during the year.

Gross profit increased to USD 36.12 million (GHS 384.3 million) from US$26.09 million (GHS 277.5 million), though cost of sales rose to US$57.93 million (GHS 616.3 million) from US$38.19 million (GHS 406.3 million), reflecting higher input costs for raw materials.

Operating profit reached US$10.53 million (GHS 112.0 million), up from US$7.29 million (GHS 77.6 million) in 2024, despite increased sales and distribution costs of US$15.44 million (GHS 164.4 million) compared to US$10.62 million (GHS 113.0 million) the previous year.

The company strengthened its balance sheet significantly during the year. Total assets grew to US$64.70 million (GHS 688.3 million), while total equity increased to US$31.11 million (GHS 330.9 million).

Bank and cash balances more than doubled to US$21.77 million (GHS 231.6 million), driven by the strong operating cash flow of US$20.16 million (GHS 214.5 million).

Finance costs declined to US$564,000 (GHS 6.0 million), reflecting reduced debt servicing obligations after loan repayments.

The company paid US$874,200 (GHS 9.3 million) in dividends during the year. Current income tax liability increased to US$3.52 million (GHS 37.4 million), while the Growth and Sustainability Levy amounted to US$244,400 (GHS 2.6 million).

Fan Milk manufactures and markets dairy products and fruit drinks across Ghana and West Africa, producing frozen yogurts, chocolates, ice cream, snacks, and ice lollies under brand names including FanYogo, FanChoco, FanIce, FanDango, and FanPop.

The company operates through a network of independent distributors, agents, and vendors, with operations in Benin, Togo, and Burkina Faso.

The financial statements were approved and signed by Chairperson Freda Duplan and Managing Director Lionel Parent. The unaudited results are prepared in accordance with International Financial Reporting Standards (IFRS) and the Companies Act, 2019.

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