The approval was given at the company’s Annual General Meeting (AGM) held at the Muson Centre in Lagos on Friday, May 8, 2026, where management outlined how disciplined execution and strategic investments helped sustain the company’s upward trajectory.
Chairman Bolaji Balogun credited the performance to internal strength and long-term planning, stressing that operational resilience remained central to the company’s success over the review period. He also emphasized the firm’s commitment to rewarding investors while continuing to reinvest in growth.
According to him, shareholders will receive a final dividend of N3.25k per share, adding to an interim dividend of N50k per share already paid earlier in the year. This brings the total dividend for the 2025 financial year to N3.75k per share.
Balogun described the payout as consistent with the company’s long-standing shareholder-focused approach, while reaffirming its strategy of balancing returns with sustained reinvestment in capacity expansion across key product categories.
On the financial performance, the company recorded a turnover of N214.30 billion for 2025, representing a significant jump from N149.52 billion posted in 2024. Profit for the year more than doubled, rising to N32.20 billion from N15.14 billion in the previous year.
He noted that growth was supported by strategic investments in production capacity and category expansion, aligned with the company’s long-term vision.
Speaking on operational drivers, Managing Director Tobi Adeniyi said the results reflect consistent execution rather than isolated gains. He highlighted that performance has become embedded in the company’s daily operations.
“This performance was driven by a strategic focus on high-growth categories and power brands, supported by sharper choices, simplified ways of working, and a stronger innovation pipeline,” he added.
Finance Director Ibrahim Sodipe also pointed to sustained discipline over the past five years, noting that steady improvements in efficiency and innovation have translated into stronger volumes and better shareholder returns.
He explained that the company’s focus on operational efficiency and innovation has been central to its ability to deliver consistent growth despite changing market conditions.
From the shareholders’ perspective, Kolawole Durojaiye commended the leadership team for maintaining discipline in managing operations and delivering improved financial outcomes.
He remarked that the company’s approach has strengthened investor confidence, saying it has led to “improved revenue, profitability, and increased dividend payments.”