Chemical and Allied Merchandise Plc (CAP), a subsidiary of UAC of Nigeria Plc, recorded sturdy monetary efficiency for the 9 months ended September 30, 2025 with revenue earlier than tax rising by 39 % to ₦5.49 billion, up from ₦3.94 billion in the identical interval final 12 months.
Income for the interval stood at ₦30.27 billion, representing a 28 % enhance year-on-year, pushed by increased gross sales volumes and improved product combine throughout its manufacturers — Dulux, Sandtex, Caplux, and Hempel.
Gross revenue rose 45 % to ₦13.06 billion, supported by pricing optimization and efficient price management, whereas working revenue superior 68 % to ₦4.78 billion from ₦2.85 billion within the prior 12 months.
Revenue after tax for the interval grew 39 % to ₦3.68 billion, translating to earnings per share of 451 kobo, in contrast with ₦2.64 billion and 324 kobo respectively in 2024.
Finance revenue stood at ₦746 million, whereas finance prices remained low at ₦39 million, reflecting prudent monetary administration and an improved funding construction.
The corporate’s fairness elevated by 16 % to ₦12.36 billion as of September 2025, in comparison with ₦10.64 billion at year-end 2024, whereas complete property grew by 5 % to ₦20.73 billion. Whole liabilities declined by 7 % to ₦8.37 billion, demonstrating CAP’s conservative leverage and stronger stability sheet place.
Managing Director, Bolarin Okunowo, stated the corporate’s efficiency highlights the effectiveness of its strategic initiatives and resilience in a aggressive market.
“Income, working revenue, and revenue earlier than tax grew by 28 %, 68 %, and 39 % year-to-date respectively, reflecting disciplined execution and a sustained give attention to operational excellence. As we enter the ultimate quarter of the 12 months, we stay dedicated to sustaining worthwhile development and enhancing customer expertise,” she acknowledged.
CAP continues to consolidate its management in Nigeria’s paints and coatings sector, leveraging world partnerships with Akzo Nobel Coatings Worldwide B.V. and Hempel Paints South Africa (Pty) Ltd.
The corporate’s regular development, improved profitability, and powerful stability sheet reaffirm its place as one among Nigeria’s most resilient manufacturing corporations.
With constant income growth, rising margins, and a disciplined operational construction, CAP Plc is effectively positioned to shut 2025 on a robust notice whereas delivering sustained worth to shareholders.