Johnvents cocoa processing capacity rises to 82% in H1 2026
The Nigerian agribusiness group increased cocoa processing and highlighted its export exposure, working-capital cycle and commercial paper programme during an investor facility tour.
NIGERIA – Johnvents Group’s cocoa-processing facilities in Akure and Ile-Oluji, Ondo State, operated at 82% capacity in the first half of 2026, up from 66% in 2025, as the company increased processing volumes and engaged institutional investors.
The company processed 31,621 metric tonnes (MT) of cocoa in 2025, representing a 50% increase from the previous year, and processed a further 19,806MT during the first six months of 2026.
Johnvents has a combined annual cocoa-processing capacity of 48,000MT across its Akure and Ile-Oluji facilities. The company’s investor tour provided capital-market stakeholders with insight into its cocoa processing, agricultural commodity aggregation, downstream food manufacturing, procurement activities, capacity utilisation and expansion plans.
Beyond cocoa, Johnvents operates across agricultural commodity value chains covering food manufacturing, diversified agro-processing, farming and logistics. Its downstream businesses produce consumer foods, edible oils, animal feed, seasoning and water. About 75% of the group’s revenue is linked to export markets, according to the company.
Speaking during the investor engagement, Group Managing Director John Adedamola Alamu said the tour provided investors with direct visibility into the company’s operations.
“We are strengthening the connection between agricultural supply, processing, manufacturing, and markets, with a clear focus on increasing value addition and building globally competitive businesses from Africa,” Alamu said.
Group Head of Treasury Samuel Olaifa said agricultural commodities are procured during specific crop windows before moving through inventory, processing, sales, exports and cash collection.
“Cocoa represents a significant component of this seasonal requirement, reflecting the scale of our processing operations and the concentration of procurement during the cocoa season,” Olaifa said.
He said Johnvents’ cash-conversion cycle can reach approximately 150 days at the seasonal peak, while typical customer collections occur within 25 to 40 days.
Olaifa also disclosed that Johnvents Industries had issued 27 Commercial Paper series since launching its programme in 2022. Of these, 21 had matured and been fully repaid.
“All maturities due to date have been settled on or before their respective due dates. Johnvents is rated BBB+(NG), with a stable outlook, by GCR, while it also maintains institutional relationships with development-finance partners, including the International Finance Corporation and British International Investment,” he said.
Financial Controller Jai Kumar said the company’s working-capital requirements were closely linked to its operating cycle.
“Our focus is on maintaining the liquidity required to secure supply, support production and meet our obligations as they fall due,” Kumar said.
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