Berger Paints Plc reported a sharp earnings rebound for the nine months ended September 2025, driven by improved sales volumes, cost discipline, and stronger operational efficiency.
The paint manufacturer’s profit after tax surged 379 percent year-on-year to N968 million from N202.1 million in the same period of 2024, marking one of its strongest interim performances in recent years.
Profit before tax rose 373 percent to N1.46 billion from N309.4 million, while operating profit jumped more than fourfold to N1.44 billion compared to N323.9 million a year earlier.
Revenue grew 23 percent to N9.32 billion from N7.56 billion, supported by sustained demand from the construction and real estate sectors and gradual pricing adjustments to offset input cost inflation.
Gross profit climbed 73 percent to N4.12 billion, reflecting improved margin recovery after last year’s high cost pressures on raw materials.
Administrative expenses rose moderately by 31 percent to N2.16 billion from N1.65 billion, while selling and distribution costs increased 29 percent to N579.4 million, suggesting disciplined cost management despite inflationary pressures and high logistics costs. Finance costs also declined slightly to N35.9 million from N38.5 million, underscoring reduced reliance on borrowings.
The company’s balance sheet remained healthy, with total equity up 18 percent to N4.51 billion from N3.83 billion as retained earnings rose to N3.73 billion.
Total assets increased to N8.01 billion from N7.52 billion, while loans and borrowings fell sharply to N485.8 million from N337.9 million, indicating stronger liquidity and capital structure
Berger Paints also maintained strong shareholder value metrics, with basic earnings per share climbing to 334 kobo from 70 kobo a year earlier.
Net assets per share improved to N16 from N13, while market capitalisation more than doubled to N12.3 billion, reflecting renewed investor confidence in the firm’s resilience.
In the company’s disclosure, Berger Paints said it will pay an interim dividend of 40 kobo per 50 kobo ordinary share to shareholders whose names appear in the register of members at the close of business on 11 November 2025
Source: Business Day
