Berger Paints Nigeria Plc Reports 614% Profit Growth in H1 2025, Revenue Up 23%

Berger Paints Nigeria Plc has reported a profit after tax of ₦624.64 million for the six months ended June 30, 2025, representing a 614 percent increase from ₦87.52 million in the corresponding period of 2024, according to its unaudited interim financial statements obtained by Investors King.

Revenue and Gross Profit

Group revenue grew 23 percent year-on-year to ₦6.16 billion, compared to ₦5.02 billion in H1 2024. Gross profit nearly doubled, rising 88 percent to ₦2.72 billion from ₦1.45 billion, supported by improved sales performance and better cost efficiencies.

Operating Performance

Operating profit surged to ₦928.83 million in H1 2025, compared to ₦142.75 million a year earlier, representing a 551 percent increase. At the company level, operating profit rose 568 percent to ₦909.08 million from ₦136.01 million.

Profit before taxation climbed 635 percent to ₦945.82 million, up from ₦128.71 million in H1 2024. After taxation, group profit closed at ₦624.64 million, compared to ₦87.52 million in the same period last year.

Shareholder Value

Basic earnings per share rose sharply to 216 kobo, from 30 kobo in H1 2024, reflecting a 620 percent increase. Net assets per share improved to ₦14 from ₦13 in the prior year, while total equity grew 9 percent to ₦4.16 billion.

The company’s market capitalization doubled to ₦8.69 billion as of June 30, 2025, compared to ₦4.35 billion a year earlier, with the share price closing at ₦30, up from ₦15 in H1 2024.

Key Highlights (H1 2025 vs H1 2024)

• Revenue: ₦6.16 billion vs ₦5.02 billion (+23%)

• Gross Profit: ₦2.72 billion vs ₦1.45 billion (+88%)

• Operating Profit: ₦928.83 million vs ₦142.75 million (+551%)

• Profit Before Tax: ₦945.82 million vs ₦128.71 million (+635%)

• Profit After Tax: ₦624.64 million vs ₦87.52 million (+614%)

• Earnings Per Share: 216 kobo vs 30 kobo (+620%)

• Share Price: ₦30 vs ₦15 (+100%)

• Market Capitalisation: ₦8.69 billion vs ₦4.35 billion (+100%)

Outlook

The strong half-year performance highlights Berger Paints’ successful execution of growth strategies, improved product demand, and effective cost management. With profitability and market capitalization showing significant growth, the company is positioned to sustain momentum in the second half of 2025.