Berger Paints Nigeria Plc, a major manufacturer in the Nigerian paints and coatings industry, has posted a 102% year-on-year increase in pre-tax profit for the 2025 financial year.
The unaudited financial statements, filed with the Nigerian Exchange (NGX), show a profit before tax of N2.29 billion, driven by strong revenue growth and improved cost control across its operations.
Group revenue for the year rose by 20% to N12.99 billion. This top-line growth translated efficiently into bottom-line earnings, with gross profit surging by 50% to N5.75 billion and operating profit nearly doubling to N2.23 billion. Profit after tax saw an even more dramatic increase of 143%, reaching N1.48 billion.
Okay News reports that the results highlight strong operating leverage and a significant earnings rebound for the company. Earnings per share jumped to 512 kobo from 211 kobo in the prior year, underscoring the enhanced value delivered to shareholders. The company’s share price closed the 2025 year at N48, representing a 140% annual increase.
Sustained Momentum And Margin Expansion
The 2025 performance marks a continuation of steady financial improvement over the past three years. Analysts note that Berger Paints has managed consistent revenue growth despite Nigeria’s inflationary and currency pressures, benefiting from stronger demand and better pricing. A key feature was the company’s ability to expand its margins through tighter cost management in production and operations.
While operating expenses increased in absolute terms, revenue growth significantly outpaced cost expansion. This operational efficiency was complemented by a substantial improvement in net finance income, which rose to N60.18 million from N9.53 million in 2024, providing further support to the overall profitability.
Strengthened Balance Sheet And Market Valuation
The robust earnings were accompanied by notable strengthening of the company’s financial position. Total assets grew by 23% to N9.25 billion, while total equity increased by 28% to N4.91 billion, supported by retained earnings of N4.13 billion. The net assets per share improved to N17 from N13.
The market has responded positively to this performance. As of Wednesday, January 28, 2026, the stock traded at N58.90 per share on the NGX, a 22.7% gain since the start of the year. Berger Paints is currently the 102nd most valuable stock on the Nigerian Exchange, with a market capitalisation of N17.1 billion. The results signal improved resilience and competitiveness for the company within Nigeria’s paints and coatings market.
