Conoil Plc has declared a remaining dividend of N3.50 for each share of fifty kobo, payable to shareholders registered as of twenty first November 2025.
This was disclosed in a company submitting on the Nigerian Trade on 14th November 2025, signed by Bolaji Owolabi, appearing firm secretary.
In line with the submitting, the dividend for the yr ended thirty first December 2024 shall be paid electronically to shareholders on twenty third December 2025, topic to withholding tax and regulatory approval.
The corporate additional said that shareholders ought to full their dividend registration and suggested those that haven’t but registered to take action promptly by downloading the Registrar’s E-Dividend Mandate Activation Type.
For the yr ended thirty first December 2024, Conoil reported a pretax revenue of N11 billion, barely down from N12.2 billion in 2023, whereas retained earnings rose to N35.3 billion, representing a 21.90% improve.
What to know
- The ultimate dividend of N3.50 per share has a complete worth of N2.42 billion.
- At a market worth of N190.70, this represents a dividend yield of 1.84%.
- The payout corresponds to a dividend payout ratio of 27.68%.
Current efficiency
Conoil Plc reported a revenue earlier than tax of N728 million for the third quarter (Q3) ended 30 September 2025, a pointy 85.50% year-on-year decline from N5.02 billion posted throughout the identical interval in 2024.
This contributed to a steep 88% year-on-year decline within the nine-month pre-tax revenue, which fell to N1.88 billion from N15.24 billion for a similar interval final yr.
In line with the unaudited monetary outcomes launched on November 1, 2025, on the Nigerian Inventory Trade (NGX), income additionally suffered a notable decline.
Income
In Q3, income decreased by 12.22% year-on yr to N60.18 billion, which additionally decreased the nine-month determine by 18.8% to N203.83 billion.
- Conoil’s income was largely supported by its core enterprise segments, together with White Merchandise, Lubricants, and Liquefied Petroleum Fuel.
- All segments, nevertheless, recorded a decline, with the White Merchandise section, which incorporates petrol and kerosene, experiencing probably the most vital drop.
- Decrease gross sales volumes and a difficult market surroundings on this section contributed to the general year-on-year lower in income.
Rising price strain
The corporate’s price of gross sales fell by 9.42% year-on-year to N54.86 billion, reflecting the decline in income.
- Regardless of the discount in prices, gross revenue margin contracted by 8.8% in Q3 2025 from 11.7% in the identical interval final yr.
Working revenue fell sharply by 35.8% year-on-year to N1.64 billion as margins got here below strain from rising administrative and distribution bills.
Administrative prices elevated by 24%, primarily resulting from inflationary pressures and better staff-related bills.
Finance prices spiked to N2.13 billion, a 744% improve year-on-year, following a major rise in borrowings.