FTN Cocoa Processors Plc reported a 310.5% surge in revenue to N5.65 billion for the 2025 financial year, up from N1.38 billion in 2024. Despite this top-line growth, the firm remained loss-making, recording a pre-tax loss of N273.40 million. While this is a significant improvement over the N10.62 billion loss in the previous year, the result was primarily bolstered by a N1.84 billion foreign exchange gain rather than core operational efficiency. The company continues to face challenges, including high production costs and low capacity utilization, which remained below 5%. Consequently, total equity dropped by 87.8% to N421.78 million, highlighting persistent pressure on the company’s balance sheet.