McNichols Plc has released its audited financial results for the 2025 fiscal year, posting a remarkable pre-tax profit of N391.7 million—more than double the N151.7 million recorded in 2024. The performance reflects a combination of robust revenue growth and higher finance income, underscoring the company’s operational resilience.
Revenue and Earnings Highlights
Full-year revenue grew 6.95% year-on-year to N6.2 billion, driven entirely by domestic operations in Nigeria. Beverage sales dominated, contributing N5.9 billion or 95.64% of total revenue, while food products accounted for the remainder.
Earnings per share jumped to 27.87 kobo from 10.30 kobo, prompting the board to declare a final dividend of 6 kobo per 50 kobo share, payable on August 6, 2026.
Key Financial Metrics (2025 vs 2024)
McNichols Plc closed its 2025 financial year on a high note, posting a turnover of N6.2 billion, marking a 6.95% increase compared to 2024. While the cost of sales edged up slightly to N5.5 billion from N5.3 billion, the company’s operating profit soared to N333.1 million, a remarkable 207% year-on-year jump.
The company also benefited from higher finance income, which rose 22.52% to N61.1 million, helping to push pre-tax profit to N391.7 million—up 158% from the previous year. After accounting for taxes, McNichols recorded a post-tax profit of N346.3 million, nearly doubling the prior year’s figure.
Shareholders also saw returns improve, with earnings per share climbing to 27.87 kobo from 10.30 kobo in 2024, reflecting the company’s strong performance across both revenue generation and cost management.
Driving the Numbers
Revenue growth was accompanied by a slight increase in costs, with raw materials and consumables rising to N5.2 billion from N5.1 billion. Gross profit surged to N690.6 million, up from N470.6 million in 2024.
The company maintained tight control over administrative expenses, which fell to N196.6 million from N216.7 million, though distribution costs rose moderately to N169.7 million. Additional income of N8.9 million, largely from the sale of waste products and packaging materials, also supported profitability.
These factors propelled operating profit to N333.1 million, a 207% increase compared to 2024. Finance income improved to N61.1 million while finance costs dropped sharply to N2.5 million, lifting pre-tax profit by 158.25% to N391.7 million. After N45.4 million in taxes, net profit stood at N346.3 million.
Balance Sheet and Market Outlook
On the balance sheet, total assets rose to N1.8 billion from N1.3 billion, while equity strengthened to N929.2 million, largely on the back of higher retained earnings.
Although the results were published during the Easter Friday public holiday, delaying immediate market reaction, investors are expected to respond in the following sessions. McNichols’ stock has already recorded a strong year-to-date gain of 104.9% as of the pre-market open on April 7, 2026, reflecting growing investor confidence.
The results signal a solid foundation for continued growth, with the company well-positioned to capitalize on Nigeria’s expanding food and beverage market.