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ALWAYS FRED > Business & Economy > Samba Foods returns to profit after years of operating deficits
Samba Foods Co., Ltd.
Business & Economy

Samba Foods returns to profit after years of operating deficits

May 3, 2026 3 Min Read
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Based on its audited monetary statements filed with the Ghana Inventory Alternate (GSE), Samba Meals Restricted posted a web revenue after tax of GHF 264,988 for the 12 months ended December 31, 2025, a major turnaround from a lack of GHF 245,140 in 2024.

The reversal marks the Tema-based meals processor’s first full-year revenue in latest reminiscence, with the primary driver being greater than doubling of whole income to GH¢1.62 million from GH¢802,124 a 12 months earlier.

A key issue within the surge in income was the GHF1,081,000 revenue from a provide settlement with Unifa Brothers signed in 2025 to restart manufacturing operations after manufacturing was interrupted as a result of tools failure. Direct gross sales of merchandise contributed GH¢538,687 to the whole. On account of the mixed income base, Samba Meals was in a position to report a gross revenue of GH675,963, a major enhance from simply GH54,013 in 2024, rising the gross revenue margin to round 42%.

Administrative bills elevated considerably from GHGH 174,545 within the earlier 12 months to GHGH 442,051, reflecting will increase in salaries, automobile operating prices, and electrical energy and water costs as a result of growth of the corporate’s enterprise scale. Regardless of the elevated prices, the effectivity of the Unifa association offered enough working leverage to push 2024 web revenue earlier than tax to GH¢295,948, in comparison with a lack of GH¢245,140.

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After imposing tax of GH¢30,960, the corporate’s retained earnings deficit narrowed from GH¢3,412,000 to GH¢3,147,000, whereas whole capital elevated from GH¢1,561,000 to GH¢1,826,000 on the finish of 2024.

Money and financial institution balances improved considerably from GH¢1,003 on the finish of 2024 to GH¢115,145 on the finish of the 12 months, addressing liquidity issues famous within the firm’s 2025 H1 outcomes, the place money remained at simply over GH¢1,000.

The accounts had been audited by licensed public accountant IAKO Seek the advice of and authorized by Arnold Tette Okai, senior accomplice, on April 27, 2026. The board of administrators, chaired by Mr. Alexander Banful and with Dr. Letitia Osafo-Addo as managing director, didn’t advocate the fee of an annual dividend.

Established in 1993, Samba Meals operates within the heavy industrial space of ​​Tema and manufactures seasonings, pepper sauces, peanut butter and associated merchandise underneath the SAMBA model. The corporate is listed on the Ghana Different Market, a division of the GSE.

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