Tony’s Chocolonely records strong growth despite cocoa price crisis
Tony’s Chocolonely has posted a rise in profit and sales during 2025, despite the cocoa industry’s “worst mid-crop harvest” in a decade, leading to soaring prices.
The mission-led chocolate brand said for the year to 30 September 2025, operating profit inched up £0.17m (€0.2m), up around £2.6m (€3m) year on year, while overall revenue increased by 20% year on year to around £204m (€240m).
In the UK and Ireland, sales grew by 14% year on year to reach around £43.5m (€51.2m) in combined revenue, with Tony’s Chocolonely confirming the region remained on a strong upward trajectory, bucking wider category trends.
However, the popular confectionery brand’s growth came during a year that saw the worst mid-crop cocoa harvest in a decade, with many competitors experiencing falling volumes and profits.
The brand said its performance demonstrated the resilience of its business model and the strength of its five ethical sourcing principles.
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“It’s been a challenging year, but we’ve shown how resilient and effective our model is with strong growth in revenue, volume, profitability and, most importantly, impact on the ground for cocoa-farming families,” said CEO Douglas Lamont.
“We are immensely proud to take yet another step forward in proving the case for a more holistic impact model for the cocoa industry.”
Ethical sourcing through Tony’s Open Chain initiative increased by 50% year on year, with nearly 27,000 metric tonnes of cocoa beans sourced through the scheme, benefiting more than 30,000 farmers in Côte d’Ivoire and Ghana.
Meanwhile, long-term partner cooperatives reported child labour prevalence below 5%, compared with an industry average of 46.7%, while 99.99% of cocoa was sourced from verified deforestation-free farms.
Lamont said the results showed it was possible to combine commercial success with meaningful impact for cocoa-farming communities.
“As an industry, we need to learn the lessons of this recent crisis and make a collective long-term commitment to paying cocoa farmers a higher price.
“More industry players are already joining Tony’s Open Chain each year, and together, we’re committed to ending exploitation in the cocoa industry to create a fairer, more sustainable future for farmers and chocolate lovers alike.”
It is understood Tony’s Open Chain is now used by more than 20 mission-aligned partners, including Ben & Jerry’s, Waitrose, Pip & Nut and Huel.




