Meyer Plc has launched its unaudited 2025 outcomes for the yr ended December 31, 2025, reporting a pre-tax revenue of N737 million, up 61% in comparison with N457.602 million within the earlier yr.
The unaudited monetary statements spotlight sturdy income development, pushed by elevated demand for its paint. Income grew by 36% to N4.232 billion, virtually half of the firm’s complete income in 5 years.
Revenue after tax stood at N550 million, up 86%.
Nonetheless, buyers are ready to see the corporate attain the N1 billion mark recorded in 2020.
Key highlights (FY 2025 vs FY 2024)
- Income: N4.23 billion, up 35.5% YoY
- Price of Gross sales: N2.72 billion, up 30.5% YoY
- Gross Revenue: N1.51 billion, up 45.4% YoY
- Working Revenue: N392 million, up 87.9% YoY
- Earnings per Share (EPS): N1.11, up 88% YoY
- Whole Belongings: N3.44 billion, up 21.2% YoY
- Fairness: N2.23 billion, up 21.9% YoY
What the numbers are saying
The expansion in income was pushed primarily by elevated gross sales in its paint and coatings phase.
As well as, the power to develop income whereas sustaining management over direct prices, mirrored within the 45.4% enhance in gross revenue, to N1.51 billion, in comparison with N1.04 billion in 2024, giving a wholesome margin of 36%.
Nonetheless, the working revenue margin at 9% suggests working prices/overhead stress, moderating working revenue to N392 million.
The bottom-line efficiency was additional boosted by finance revenue, conserving the pre-tax revenue above the working revenue.
- Finance revenue hit N345 million, up from N251 million in 2024.
- Moreover, finance prices remained low at N0.2 million, in comparison with N2.5 million in 2024.
Stability sheet efficiency
On the stability sheet, complete property expanded to N3.44 billion, reflecting development throughout each present and non-current property.
- Notably, the corporate’s money and money equivalents elevated to N2.05 billion, in comparison with N1.58 billion in 2024, strengthening liquidity and monetary flexibility.
- The corporate’s complete fairness grew to N2.23 billion, up from N1.83 billion in 2024, pushed by increased retained earnings.
- The numerous discount in debt to N1.82 billion, down 68.4% from N5.78 billion in 2024, displays the corporate’s improved monetary leverage and decrease dependency on exterior borrowings.
What to know
Meyer Plc’s 2025 monetary efficiency highlights the corporate’s capacity to generate sturdy income and profitability, though working prices stay a priority.
The inventory value closed at N19 yesterday, reflecting a 46.7% enhance. Final yr, it gained 54%.
The corporate’s market capitalization stands at N10.1 billion, considerably increased than its web property of N2.23 billion.
This might imply that buyers consider the corporate has good future development potential, or the inventory is perhaps overpriced in comparison with the corporate’s precise worth, suggesting overvaluation.
Earnings per share (EPS) grew by 88% to N1.11 in 2025, marking the very best stage since 2021. It’s anticipated that the corporate will return to the N2.25 EPS achieved in 2020 through the 2026 monetary yr.
Meyer Plc is the 109th most traded inventory on the NGX over the previous three months with 13.5 million shares valued at N221 million, suggesting a reasonable buying and selling exercise.
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