Berger Paints has announced a remarkable jump in its 2025 financial results, revealing a pretax profit of N2.44 billion—a 116% increase from the previous year—highlighting a period of strong operational performance and healthy market demand.
The company’s revenue climbed nearly 20% year-on-year to N12.99 billion, up from N10.83 billion in 2024. This growth was fueled largely by sales of paints and allied products, which generated N15.8 billion in gross revenue. After accounting for discounts and rebates of N2.8 billion, effective sales settled at N12.99 billion.
Profitability across the board showed significant improvement. Gross profit rose 48.8% to N5.72 billion, reflecting efficient cost management despite rising input costs. The cost of sales edged slightly higher to N7.2 billion, with raw materials and consumables forming the bulk of expenses at N6.27 billion.
Operating profit more than doubled to N2.34 billion, up from N1.11 billion, as the company absorbed higher selling and distribution costs, which increased by 3.5% to N713.9 million, and administrative expenses, which grew 26% to N2.7 billion. Supplementary income of N61.7 million from property leases and scrap sales also contributed to the bottom line.
Net finance income of N97.9 million helped lift pretax profit to N2.44 billion, while post-tax profit jumped 157% to N1.57 billion, compared with N610.8 million the prior year. Earnings per share surged to N5.42 from N2.11, prompting a final dividend of N1.25 per 50k share, payable on May 21, 2026.
The balance sheet showed steady growth, with total assets increasing to N9.06 billion from N7.5 billion. Inventories of N2.7 billion and property, plant, and equipment of N2.6 billion accounted for the largest asset categories. Total equity rose 30.4% to N4.9 billion, largely fueled by retained earnings of N4.2 billion, while liabilities stood at N4.07 billion, predominantly trade and other payables of N2.05 billion.
Market response has been muted. As of mid-trading on March 2, 2026, shares of Berger Paints remained flat on the Nigerian Exchange despite the strong earnings report. Nonetheless, the stock has performed impressively year-to-date, climbing over 58%, with trading volumes surpassing 20 million shares.