Berger Paints Nigeria Plc ended the 2025 monetary 12 months with a powerful earnings efficiency, recording a 102% year-on-year enhance in revenue earlier than tax of N2.29 billion, pushed by increased income, higher value management (particularly in manufacturing and working bills)
The paint producer disclosed this in its unaudited monetary statements filed with the Nigerian Alternate (NGX) on Wednesday, January 28, 2026.
The outcomes present broad-based development throughout income, profitability, and steadiness sheet power.
What the numbers are saying
Berger Paints’ 2025 financials level to an organization benefiting from stronger demand, higher pricing, and tighter value management throughout its operations.
The mix of upper gross sales volumes and margin enlargement translated into a pointy acceleration in each working and internet revenue.
- Group income rose by 20% year-on-year to N12.99 billion.
- Gross revenue surged by 50% to N5.75 billion, reflecting improved manufacturing effectivity and price administration.
- Working revenue nearly doubled, rising by 99% to N2.23 billion from N1.12 billion within the prior 12 months.
- Revenue after tax climbed by 143% to N1.48 billion, whereas earnings per share jumped to 512 kobo from 211 kobo.
Total, the numbers spotlight robust working leverage, with income development translating extra effectively into bottom-line earnings.
Extra insights
The sharp enchancment in profitability was one of many defining options of Berger Paints’ 2025 efficiency.
- Whereas working bills elevated in absolute phrases, the tempo of income outstripped value enlargement, supporting margin positive aspects.
- Web finance revenue improved considerably, rising to N60.18 million from N9.53 million in 2024, offering further help to earnings.
These elements mixed to ship a 102% enhance in revenue earlier than tax and bolstered the sustainability of the earnings rebound.
Stability sheet efficiency
The robust earnings efficiency was accompanied by notable enhancements in Berger Paints’ steadiness sheet and market valuation.
- Group whole property elevated by 23% to N9.25 billion, pushed by development in present property and better funding in property, plant, and gear.
- Complete fairness rose by 28% to N4.91 billion, supported by retained earnings of N4.13 billion, whereas internet property per share improved to N17 from N13.
- Berger Paints’ share worth closed the 12 months at N48, up 40% year-on-year, lifting market capitalisation to N13.91 billion, a 140% enhance from the prior 12 months.
Inventory worth efficiency on NGX
The inventory closed on Wednesday, January 28, 2026, at N58.90 per share on the NGX. It started the 12 months with a share worth of N48.00 and has since gained 22.7% on that worth valuation.
Berger Paints is at the moment the 102nd most beneficial inventory on the NGX with a market capitalization of N17.1 billion and 290 million shares excellent, which is about 0.016% of the NGX fairness market worth.
In 2025, the inventory delivered over 100% share worth appreciation, rising from about N20 at the start of final 12 months to shut at N48.00 per share, indicating a 140% enhance in worth.
What you need to know
Berger Paints Nigeria Plc has delivered a gentle enchancment in monetary efficiency over the previous three years, supported by rising demand, improved pricing, and tighter value administration. Income development remained constant regardless of inflationary and foreign money pressures within the working setting.
- In 2023, the firm’s income rose to about N7.9 billion, with revenue earlier than tax climbing sharply to roughly N800 million. Revenue after tax additionally greater than doubled year-on-year.
- The momentum continued by means of 2024 and into 2025 with interim outcomes displaying double-digit income development and a major bounce in profitability.
- Improved working effectivity and decrease prices have positioned Berger Paints on a stronger earnings trajectory.
Berger Paints’ 2025 efficiency alerts improved resilience and competitiveness in Nigeria’s paints and coatings market.
For buyers, the outcomes display that Berger Paints is not only rising income, however doing so in a method that meaningfully enhances shareholder worth.
