By Adeola Akinyemi
Berger Paints Nigeria Plc has reported a remarkable 157 per cent growth in profit after tax for the financial year ended December 31, 2025, with shareholders approving a final dividend of N1.25 per share. This brings the total dividend payout for the year to N1.65 per share, representing a 37.5 per cent increase compared to 2024.
The company had earlier paid an interim dividend of 40 kobo per share in November 2025, underscoring its commitment to rewarding shareholders amid strong financial performance.
Shareholders Commend Management
At the Annual General Meeting held virtually in Lagos on May 6, 2026, shareholders praised the company’s leadership and strategic direction.
- Moses Igbrude, leader of the Independent Shareholders Association of Nigeria, lauded management for delivering outstanding performance and attractive returns.
- Adebisi Bakare, National Coordinator of the Pragmatic Shareholders Association of Nigeria, commended the company for its high dividend payout and promotion of gender balance.
- Lawrence Oguntoye applauded management’s ingenuity, urging the firm to sustain profitability and shareholder value.
Strong Financial Indicators
Chairman Abi Ayida highlighted disciplined execution of strategic priorities as the driver of the company’s results.
- Profit after tax rose to N1.57bn, up from N610.8m in 2024.
- Revenue grew 20 per cent, from N10.8bn to N12.9bn.
- Gross profit increased 49 per cent, while operating profit surged 110 per cent, rising from N1.12bn to N2.35bn.
Ayida said the performance demonstrated the effectiveness of Berger Paints’ long-term turnaround initiatives, citing operational efficiency, cost management, stronger distribution channels, and enhanced pricing strategies.
Operational Resilience
Group Managing Director and CEO, Alaba Fagun, described 2025 as a defining year marked by resilience and profitability.
“We will continue refining our product portfolio by prioritising profitable and high-demand categories while investing in technology, digital capabilities, and data-driven decision-making to improve efficiency and responsiveness,” Fagun said.
She added that the company maintained a strong balance sheet and deepened stakeholder confidence through consistent execution of strategic objectives.
Market Reaction
Analysts noted that the combination of robust earnings growth and strong dividend expectations has triggered renewed buying interest in Berger Paints’ stock on the Nigerian Exchange Limited, as investors move to take positions.