The board of Tantalizers Plc has assured shareholders that the company’s emerging growth trajectory was founded on strong operational foundations that would ensure sustainable long-term profitability and returns to investors.
At the annual general meeting, Chairman, Tantalizers Plc, Alhaji Adam Nuru, said the company’s rebound to profitability in 2025 was as a result of strategic decision to focus on stronger operational foundations that would support future growth and reduce execution risks.
He said the company’s turnaround reflected stronger revenue generation, improved finance income, disciplined cost management and sustained focus on operational excellence, all which would remain priorities in the period ahead.
According to him, the company recognises that while the return to profitability represents an important milestone, it is only one step in a longer journey of sustained value creation for shareholders.
“The board remains focused on improving the quality, sustainability and scalability of earnings while maintaining prudent financial management,” Nuru said.
Tantalizers recorded a modest net profit after tax of N73 million in 2025, breaking a losing streak that saw net loss of N265.59 million in 2024. The company recorded turnover of N2.90 billion in 2025. Grossman profit stood at N463.78 million while profit before tax closed at N83.70 million.
Nuru said the 2025 business year marked a defining period for the company as the company focused on transforming from its respected quick-service restaurant operator status into a diversified consumer-focused enterprise with multiple engines for sustainable growth.
He said: “Today, Tantalizers is no longer defined solely by its legacy business. We are steadily building a broader platform capable of participating in multiple sectors of the consumer economy while maintaining the operational discipline necessary to create long-term shareholder value”.
He assured that the company remains firmly committed to executing its long-term strategy, noting that the company would continue to invest selectively in opportunities capable of generating sustainable long-term value.
He highlighted recent investments in entertainment and fisheries as well as in technology and human capital as part of deliberate measures taken to strengthen the overall performance of the company.
“Our objective is clear: to diversify earnings, reduce concentration risk and build a more resilient enterprise capable of delivering sustainable shareholder returns across economic cycles,” Nuru said.
He said the company’s new entertainment subsidiary, Tantainment Limited, has already established regulatory, technological and operational frameworks required to support commercial launch, with the focus now shifting to audience acquisition, strategic partnerships, content development and transition into revenue-generating operations.
He added that another new subsidiary, Tantalizers Fisheries Limited has achieved substantial progress in infrastructure development and organizational capacity to support long-term competitiveness.
“I’m more encouraged by the company’s prospects than at any point in recent years. The successful turnaround of our food business demonstrates the effectiveness of operational discipline and strategic focus. Our investments in entertainment and fisheries create entirely new avenues for growth and have the potential to significantly strengthen and diversify our earnings and profit over time.
“Although economic conditions remain uncertain and execution challenges remain, we believe that the company is substantially better positioned today than it was in 2025. Our strategy is clear. Our governance is strong. Our people are committed. And our determination to create long-term shareholder value remains unwavering,” Nuru said.
