Lagos, Nigeria – NASCON Allied Industries Plc has paid a dividend of N6 per share to shareholders for the 2025 financial year, following a strong earnings performance that saw profit after tax more than double to N33.5 billion (approximately $21.4 million).
Okay News reports that shareholders approved the dividend payout at the company’s annual general meeting in Lagos, marking a 200 percent increase over the previous year and the highest since NASCON’s listing on the Nigerian Exchange.
Profit after tax surged by over 100 percent to N33.5 billion, while earnings per share rose 115 percent to 1,241 kobo from 577 kobo. Revenue grew by 27 percent year-on-year, driven by improved market penetration and operational efficiency.
The company has deployed Compressed Natural Gas trucks within its logistics operations to reduce fuel costs, and its largest salt refinery facility now operates on natural gas. Managing Director Aderemi Saka stated that these measures were central to margin expansion.
Chairman Olakunle Alake described the results as the best in the company’s history, noting that disciplined execution and strong cost control delivered outstanding value despite economic volatility.
Shareholders expressed strong confidence in the company’s outlook, with the share price recently crossing N200 per share. Profit before tax for 2025 stood at N48.2 billion, up 104 percent from N23.6 billion in 2024.
This strong shareholder dividend payout reflects the company’s financial strength and operational resilience. Sustained shareholder dividend growth will depend on continued cost optimisation and market expansion.
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