Shareholders of are set to receive a total dividend payout of N6.8 billion following a strong financial performance that saw the construction giant post a net profit of N30.17 billion and record substantial growth across its operations.
The approval was announced at the company's Annual General Meeting (AGM) held in Abuja on Thursday, where Chairman of the Board, Goni Musa Sheikh, highlighted the firm's impressive financial results and operational achievements during the year under review.
According to Sheikh, the company recorded a 34.1 per cent increase in revenue, rising to N760.0 billion from N566.71 billion in the previous financial year. The growth was largely driven by increased activities across Julius Berger's core business units, including civil engineering, building construction, services and diversification ventures.
Profitability also improved significantly, with Profit Before Tax climbing by 38.5 per cent to N40.95 billion, compared to N29.57 billion recorded in the preceding year. Net profit reached N30.17 billion, while earnings per share almost doubled, increasing by 96 per cent from N9.54 to N18.69.
Speaking to shareholders, Sheikh described the results as one of the company's strongest performances in recent years.
"Revenue grew by 34.1 per cent from N566.71 billion recorded in 2024, while Profit Before Tax rose significantly to N40.95 billion. Net profit reached N30.17 billion, reflecting one of the company's strongest performances in recent years."
He attributed the growth to efficient project execution and sustained performance across the company's diverse business portfolio, noting that Julius Berger continued to deliver major infrastructure and building projects across the country, further strengthening its leadership position in Nigeria's construction sector.
Strategic Focus Driving Growth
Managing Director, Peer Lubasch, said the company maintained a disciplined approach despite economic headwinds and operating challenges within the country.
"Our success continues to be guided by our well established and forward looking strategy."
Lubasch explained that Julius Berger's long-term growth plan combines its traditional construction expertise with the contributions of its subsidiaries and diversification initiatives, creating a more resilient and sustainable business model.
He noted that several landmark projects completed during the year have continued to deliver economic and social benefits across different parts of the country.
Among them is the reconstruction of Port Harcourt Road in Aba, which has improved transportation and enhanced commercial activities within the city and surrounding areas.
Lubasch also revealed that the long-awaited Bodo-Bonny Road project in Rivers State is ready for commissioning.
"The road will significantly improve connectivity to Bonny Island, unlock economic opportunities and further strengthen industrial and community development within Rivers State."
The project is widely regarded as a strategic infrastructure development that will provide easier access to Bonny Island, home to major oil and gas installations, while supporting trade, investment and community development.
Landmark Projects Delivered
Beyond road infrastructure, the company completed several high-profile projects during the year, including the Lagos Northwest Tower, the Lagos-Opebi-Mende Road and the Bola Ahmed Tinubu International Conference Centre.
The strong financial performance and dividend declaration are expected to reinforce investor confidence in Julius Berger, which remains one of Nigeria's largest engineering and construction companies. The results also underscore the company's ability to navigate economic pressures while sustaining growth, profitability and major project delivery across the country.