Tantalizers Assures Shareholders of Sustainable Growth
Tantalizers Plc has assured shareholders that its return to profitability rests on strong operational foundations designed to deliver sustainable long-term growth and improved investment returns.
Speaking at the company’s Annual General Meeting in Lagos on Thursday, Chairman Alhaji Adam Nuru credited the 2025 financial turnaround to carefully executed strategic decisions.
Nuru explained the decisions were specifically designed to strengthen operations, reduce execution risks, and position the company for sustained expansion across multiple business segments.
He said stronger revenue generation, improved finance income, disciplined cost management and sustained operational efficiency collectively drove the company’s successful return to profitability during 2025.
According to him, the return to profitability represented a significant milestone, but management remained committed to building sustainable and scalable earnings for shareholders over time.
“The board remains committed to improving the quality, sustainability and scalability of earnings while maintaining prudent financial management,” Nuru assured shareholders.
Tantalizers recorded a profit after tax of N73 million in 2025, reversing the N265.59 million net loss posted during 2024.
The company also achieved a turnover of N2.90 billion, gross profit of N463.78 million and profit before tax of N83.70 million during the reporting period.
Nuru described the 2025 financial year as a defining phase in Tantalizers’ transformation from a quick-service restaurant operator into a diversified consumer-focused enterprise.
He explained that the company was expanding beyond its traditional operations through carefully selected investments intended to create multiple sources of sustainable long-term business growth.
According to him, Tantalizers will continue investing selectively in opportunities capable of delivering enduring value while strengthening technology, human capital and corporate governance standards.
Nuru noted that investments in entertainment and fisheries formed part of broader efforts to diversify earnings, reduce concentration risks and build a more resilient business.
He disclosed that Tantainment Ltd. had established the regulatory, technological, and operational frameworks required for commercial operations and was pursuing audience acquisition and partnerships.
Nuru added that Tantalizers Fisheries Ltd. had equally made significant progress developing infrastructure and organisational capacity necessary to strengthen its long-term competitiveness and future growth.
Expressing optimism in spite of prevailing economic challenges, Nuru maintained that Tantalizers was better positioned to sustain growth because of its strengthened business strategy and governance.
“Our strategy is clear, our governance is strong, our people are committed, and our determination to create long-term shareholder value remains unwavering,” he declared.
Shareholders participating virtually commended the board and management for restoring profitability, expressing confidence in the company’s diversification strategy and prospects for sustained long-term growth.
They also unanimously approved all resolutions, including appointing Mr Akintade Ogidan as director and re-electing Mrs Abosede Ayeni, Mr Bamidele Oke and Dr Israel Ovirih. #Tantalizers Assures Shareholders of Sustainable Growth#
