Berger Paints Grows Profit by 157%, Raises Dividend by 37.5% as Shareholders Applaud Strong Performance
Shareholders of Berger Paints Nigeria Plc have approved a final dividend payout of ₦1.25 per share for the financial year ended December 31, 2025, bringing the total dividend for the year to ₦1.65 per share a 37.5 per cent increase over the 2024 financial year.
The company had earlier paid an interim dividend of 40 kobo per share in November 2025, reflecting its commitment to rewarding shareholders amid strong financial performance.
At the Annual General Meeting (AGM) held virtually in Lagos on May 6, 2026, shareholders commended the company’s impressive performance and consistent improvement in dividend payouts.
Speaking at the event, the leader of the Independent Shareholders Association of Nigeria, Moses Igbrude, praised the management for demonstrating strong leadership and strategic direction, which resulted in the outstanding performance and attractive dividend payout.
Also commenting, Adebisi Bakare, National Coordinator of the Pragmatic Shareholders Association of Nigeria, commended the management for the stellar performance across the board, the high dividend payout, and its promotion of gender balance within the organisation.
Similarly, Lawrence Oguntoye praised the ingenuity of the management for delivering exponential growth and attractive returns to shareholders, while encouraging the company to remain focused on sustaining profitability, capital appreciation, and shareholder value.
Speaking on the 2025 results at the AGM, the Chairman of Berger Paints, Abi Ayida, said the company recorded significant growth across major financial indicators, driven by disciplined execution of its strategic priorities.
According to him, the company recorded a profit after tax of ₦1.57 billion, compared to ₦610.8 million in 2024, representing remarkable growth of 157 per cent. Revenue also increased by 20 per cent, rising from ₦10.8 billion in 2024 to ₦12.9 billion in 2025.
The chairman said the performance demonstrated the efficiency and effectiveness of the company’s long-term strategic turnaround initiatives. “These results underscore the effectiveness of our strategic initiatives and the unwavering commitment of our management team, employees, and business partners,” he said.
Ayida also attributed the strong performance to sustained focus on operational efficiency, disciplined cost management, strengthened distribution channels, enhanced pricing strategies, and improved supply chain management.
He further disclosed that Berger Paints strengthened its market presence during the year through sustained brand engagement, strategic partnerships, and targeted marketing initiatives aimed at enhancing customer loyalty and increasing brand visibility across Nigeria.
“The company would continue to focus on operational efficiency, product innovation, enhanced customer engagement, and stronger distribution channels while exploring opportunities for sustainable growth.”, he said.
Alaba Fagun, Group Managing Director and Chief Executive Officer said the 2025 financial year marked a defining period for the company, characterised by operational resilience and improved profitability.
Fagun explained that the company’s high profit margin reflected its strong emphasis on efficiency, margin enhancement, manufacturing productivity, and the positive impact of its strategic initiatives and operational discipline.
According to her, the Group maintained a strong balance sheet and deepened stakeholder confidence through consistent execution of its strategic objectives.
“We would continue refining its product portfolio by prioritising profitable and high-demand product categories, while increasing investments in technology, digital capabilities, and data-driven decision-making to improve operational efficiency and responsiveness to market changes. We have strategic priorities that would position us to take advantage of emerging opportunities and continue creating long-term value for shareholders.”, Fagun asserted.
During the financial year, Berger Paints grew revenue by 20 per cent, increasing from ₦10.8 billion to ₦12.9 billion, while gross profit rose by 49 per cent. Operating profit surged by 110 per cent, rising from ₦1.12 billion to ₦2.35 billion, while profit after tax stood at ₦1.57 billion, up from ₦610.8 million in 2024, representing 157 per cent growth.
Analysts said the combination of robust earnings growth and strong dividend expectations triggered renewed buying interest in the stock on the Nigerian Exchange limited ( NGX) as investors moved to take positions.
