Key Highlights
- Revenue: N12.99 billion (Up 19.93% YoY from N10.83 billion)
- Gross profit: N5.72 billion (Up 48.81% YoY from N3.84 billion)
- Operating profit: N2.34 billion (Up 109% YoY from N1.11 billion)
- Profit before tax: N2.44 billion (Up 116.43% YoY from N1.13 billion)
- Profit after tax: N1.57 billion (Up 157% YoY from N610.86 million)
- Earnings per share (EPS): N5.42 vs N2.11
Berger Paints has released its audited 2025 financials, posting a pretax profit of N2.4 billion. This marks a significant 116.43% increase compared to the previous year.
The company's strong top-line performance was a key driver of this growth. Total sales rose by 19.93% to N12.9 billion, up from N10.8 billion in 2024, indicating solid demand across its business segments.
Paints and allied products generated the bulk of the revenue, amounting to N15.8 billion. However, after accounting for discounts and rebates totaling N2.8 billion, the effective sales figure settled at N12.9 billion.
Despite rising costs, Berger Paints managed to grow its profits substantially. Earnings per share (EPS) increased from N2.11 to N5.42. The company has declared a final dividend of N1.25 per 50k share, payable on May 21, 2026.
Driving the Numbers
An in-depth analysis of the company's financial statements reveals that the cost of sales increased to N7.2 billion, a 4% rise from N6.9 billion in 2024, coinciding with the revenue growth.
Raw materials and consumables constituted the largest portion of costs, at N6.27 billion, which remained largely unchanged from N6.26 billion in the prior year.
Consequently, gross profit reached N5.7 billion, an increase from N3.8 billion in the previous year. The company also recorded other income totaling N61.7 million, primarily from property leases and scrap sales.
However, selling and distribution expenses saw an increase of 3.53%, reaching N713.9 million. Administrative expenses also rose by 26.15% to N2.7 billion. These factors contributed to an operating profit of N2.3 billion, a notable increase from N1.1 billion in the prior year.
Net finance income of N97.9 million was added to the operating earnings, resulting in a pretax profit of N2.4 billion. After accounting for taxes amounting to N872.4 million, the post-tax profit stood at N1.5 billion, compared to N610.86 million in 2024.
On the balance sheet, total assets grew to N9.06 billion from N7.5 billion. The largest asset classes were inventory at N2.7 billion and property, plant, and equipment valued at N2.6 billion.
