Lagos, Nigeria – Berger Paints has released its audited 2025 financials on the Nigerian Exchange, posting a pretax profit of N2.4 billion (approximately $1.53 million), marking a 116.43 percent year-over-year increase from N1.13 billion recorded in 2024.
Okay News reports that total sales rose 19.93 percent to N12.99 billion, up from N10.83 billion in the prior year, reflecting solid demand across the business. Paints and allied products accounted for the bulk of revenue at N15.8 billion, though discounts and rebates of N2.8 billion reduced effective sales.
Gross profit grew 48.81 percent to N5.72 billion from N3.84 billion, while operating profit more than doubled to N2.34 billion. After accounting for taxes of N872.4 million, profit after tax settled at N1.57 billion, up 157 percent from N610.86 million in 2024.
Earnings per share rose from N2.11 to N5.42. The board has declared a final dividend of N1.25 per 50 kobo share, payable on May 21, 2026, to shareholders on record as of the close of business on April 24, 2026.
On the balance sheet, total assets grew to N9.06 billion from N7.5 billion, with inventory of N2.7 billion and property, plant, and equipment of N2.6 billion as the largest asset classes. Total equity rose 30.43 percent to N4.9 billion, driven mainly by retained earnings of N4.2 billion.
As of mid-trading on March 2, 2026, shares of Berger Paints remained flat on the Nigerian Exchange. However, year-to-date, the stock has gained over 58 percent, with total market volume already exceeding 20 million shares traded. This profit growth reflects strong operational performance and effective cost management in Nigeria’s paints manufacturing sector.
, marking a 116.43 percent year-over-year increase from N1.13 billion recorded in 2024.){kind=link}