Ghana’s Cocoa Processing Company reports 38% revenue decline, deeper losses in 2025
CPC records sharp revenue drop and wider losses in 2025 as cocoa butter sales fall and production slows.
GHANA – Cocoa Processing Company PLC (CPC), Ghana’s state-linked cocoa processor, has reported a sharp deterioration in its financial performance for the year ended 2025, with turnover falling by 37.9 percent to US$20.38 million, largely due to weaker sales across major product lines, particularly cocoa butter.
The decline in revenue significantly impacted profitability. The company’s operating loss more than doubled to US$(2.80) million from the previous year, driven by lower sales and a gross loss of US$(3.95) million. This compares with a gross profit of US$1.31 million recorded in 2024.
Net losses also widened substantially. CPC posted a net loss of US$(11.47) million for 2025, compared with US$(6.74) million in 2024. As a result, Basic Earnings Per Share (EPS) declined to US$(0.0056) from US$(0.0033) a year earlier.
Operational performance weakened slightly across all core activities. Cocoa beans processed declined to 3,195 metric tonnes (MT) from 3,256 MT in 2024. Volumes of semi-finished products packed and confectionery products packed also fell, reflecting lower production throughput during the year.
The company’s revenue mix shifted notably. Export sales of semi-finished products dropped sharply to US$10.4 million in 2025 from US$25.3 million in the prior year. In contrast, local sales of confectionery products showed relative resilience, rising to US$8.63 million from US$7.21 million, highlighting continued demand in the domestic market.
In response to the challenging performance, the Board of Directors said it has adopted a comprehensive strategy to “turnaround the fortune of the company.”
Management is currently in discussions with the sector minister and commercial banks to raise capital, with expectations of concluding negotiations by the first quarter of the 2026 financial year.
The board said additional measures are being implemented to restore profitability, including investments in infrastructure and machinery, expansion of the company’s revenue base, and improvements in operational efficiency and effectiveness.
Given the net loss recorded for the year, no dividend has been declared. The company said its immediate focus remains on capital preservation and executing its turnaround strategy to stabilise operations, improve financial performance, and deliver long-term value for shareholders.
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