Tantalizers cuts losses 10x under new ownership, but lags behind ₦18 billion revenue goal
- Tantalizers Plc reported a tenfold reduction in losses to ₦25.8 million in H1 2025.
- The company generated ₦1.39 billion in revenue in the first half of 2025, down from ₦2.9 billion in 2024.
- A new board led by Adam Nuru is overseeing a radical transformation of the company.
While Tantalizers Plc is making strides to recover from its financial troubles, the ambitious diversification strategy raises concerns about operational efficiency and the ability to meet revenue targets. The company's future hinges on its ability to balance its core restaurant business with new ventures, making it a critical case study for other franchises in similar situations.
