LAGOS — FTN Cocoa Processors Plc reported a loss before tax of N273.4 million for 2025, down from N10.62 billion in 2024. Revenue rose 310 per cent to N5.65 billion, but cost of sales reached N6.3 billion. The company said it is operating at about 5 per cent of its capacity because of a shortage of working capital. Its borrowings stood at N23.2 billion, including a two-year N5 billion loan from NEXIM Bank at 9 per cent.