Tantalizers Targets N18bn Revenue by End of 2025

Kayode Tokede 

The new management of Tantalizers Plc, yesterday disclosed to capital market stakeholders that it has set a modest revenue target of N18 billion by the end of 2025 financial year through leveraging on multiple strategic business units, subsidiaries and associated companies to drive growth and profitability.

Under the old management, the company closed 2024 financial with a revenue of N1.198 billion, about 17.4 per cent increase over  N1.165 billion reported in 2023,  and a loss before tax of N0.259 billion in 2024 from loss before tax of N0.284 billion declared in 2023. 

Speaking at the company’s “Facts Behind the Figures” presentation on the floor of the Nigerian Exchange Limited (NGX) in Lagos, the Group Managing Director,Tantalizers,  Mr. Robert Speijer stated that revenue targets is essential for growth, financial stability, and long-term sustainability of the company.  

He said the company is  embarking on a bold transformation journey, repositioning itself as a diversified, multi-sectoral conglomerate that extends beyond its pioneering roots in Quick Service Restaurants (QSR) space

“This transformation shall be driven by strategic acquisitions (M&As), sector diversification, and deliberate corporate actions designed to unlock new revenue streams, enhance profitability, and position the company for long-term sustainability in Nigeria’s evolving economic landscape,” he said. 

He expressed that the new management is committed to repositioning itself as a dynamic, high-value stock on the Exchange, with bold, clearly defined objectives to elevate its profile, enhance,

He noted that the company is expanding into blue economy

“The fisheries and aquaculture industry is a vital component of global food security, economic development, and employment. As the world’s demand for seafood continues to rise, the industry value sours. Tantalizers is positioning itself as a major player in the Blue Economy,”Speijer  said. 

Speaking earlier, the Chairman, Tantalizers, Alhaji Adam Nuru noted that the new management took a very bold step in acquiring a major stake in Tantalizers.  . 

According to him, the move reflects the management’s belief in the long term potential of this business and the industry, as well as the whole market. 

He said, “The acquisition is more than a transaction. It’s a strategic investment in growth, innovation, sustainability, and it strengthens our position, expands our reach, and reinforces our commitment to delivering value to shareholders, consumers and stakeholders who are here with us today. 

“To all of you who analyze trade and shape the movement of stocks, I want to assure you that we are building a company that is strong, forward looking and ready to recapitalize on opportunities by consolidating on the past, breaking new frontiers and the evolving food industry. 

“I encourage you to keep a close eye on our journey. I solicit your very important support to work together to unlock the potential that this new chapter brings.”

In his opening remarks, the Chief Executive Officer, Nigerian Exchange Limited, Mr. Jude Chiemeka, noted that the company holds a unique position as the only listed quick service restaurant offering company within the hospitality subs-sector on the Exchange.

Chiemeka added that, “With a market capitalisation of over N14.3 billion, the company maintains a distinct presence in the industry. This acquisition is not just a milestone for Tantalisers, it signals broader economic implications reinforcing Nigeria’s evolving business landscape and strengthening the value chain of the services sector.

“The services sector is a really strong sector. Tantalisers holds within the hospitality subsector of the services sector. The services sector itself, Q3 2024, contributed 58per cent of our GDP. So that defines really the strength of that sector.”