Berger Paints Profit Surge reaches N1.6bn in 2025, with higher dividends, strong earnings growth, and improved asset base

Berger Paints Nigeria Plc on Tuesday announced a significant surge in profitability for the financial year 2025, reporting a post-tax profit of N1.6 billion, representing a 147.7 per cent increase compared to the previous year, in a performance that underscores a strong turnaround in earnings.

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The Berger Paints Profit Surge was accompanied by a notable dividend increase, with the company proposing a final dividend of N1.25 per share, in addition to an interim dividend of N0.40 per share paid earlier in the year.

This brings the total dividend payout for 2025 to approximately N478.2 million, reflecting what the company described as a highly rewarding year for shareholders.

Revenue for the period rose by about 20 per cent to N13 billion, driven primarily by sales of paints and allied products.

While turnover growth remained modest, the sharp increase in profit highlighted improved operational efficiency and stronger margins across its product lines.

Finance income also recorded a substantial rise, increasing more than fourfold, supported by higher interest earnings on bank deposits.

This contributed positively to the company’s bottom line and reinforced its ability to generate additional income from non-core operations.

Total assets grew by 20.6 per cent to N9.1 billion from N7.5 billion in the previous year, indicating steady balance sheet expansion alongside improved profitability.

The company’s performance aligns with broader trends in the Nigerian paint industry, which recorded combined sales growth of 23.3 per cent among major listed players during the year.

Berger Paints operates within a competitive manufacturing segment that includes other industry participants such as CAP Plc, Meyer Plc and Premier Paints Plc, all of which also recorded varying degrees of earnings growth during the period.

The company’s strong financial showing stands out particularly for its accelerated profit growth relative to revenue.

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Established in 1959 and formerly known as British Paints (West Africa), Berger Paints has evolved through decades of ownership changes and rebranding, ultimately becoming a key player in Nigeria’s coatings and decorative paints market.