Berger Paints Nigeria has lifted its final dividend to N1.25 per share for 2025. This brings total yearly payouts to N1.65 per share, up 37.5 percent from 2024.
The company paid an interim dividend of 40 kobo in November last year. This reflected confidence in its financial strength heading into year-end.
Shareholders met virtually in Lagos and backed the payout enthusiastically. Many praised management's strategic execution and consistent returns.
Moses Ibude, leading the Independent Shareholders Association of Nigeria, commended the board's direction. He said their leadership drove the strong performance and attractive payouts shareholders received.
Adebisi Bakare, National Coordinator of the Pragmatic Shareholders Association of Nigeria, applauded management across the board. He highlighted the generous dividend and the company's push for gender diversity in its ranks.
Lawrence Oguntoye noted the ingenuity that produced exponential growth and shareholder returns. He urged the company to keep sustaining profitability and capital growth.
Chairman Abi Ayida outlined impressive 2025 results at the meeting. Major financial indicators showed significant expansion driven by disciplined strategy execution.
Profit after tax jumped to N1.57 billion from N610.8 million in 2024. That's a 157 percent leap year-on-year.
Revenue climbed 20 percent to N12.9 billion from N10.8 billion previously. According to Ayida, this proved the turnaround strategy was working.
"These results underscore the effectiveness of our strategic initiatives," he told shareholders. "Our management team, employees, and partners remain deeply committed."
Ayida credited several operational factors for the gains. Operational efficiency, cost discipline, improved distribution, and pricing strategies all contributed to the bottom line.
Supply chain management also strengthened considerably during the year. The chairman said this helped drive better margins across operations.
Brand engagement and strategic partnerships boosted market position nationwide. Marketing initiatives focused on customer loyalty and visibility across Nigeria's competitive paint sector.
Looking ahead, Ayida outlined the company's priorities. Management will pursue operational efficiency, product innovation, customer engagement, and stronger distribution channels.
The company also plans to hunt for sustainable growth opportunities. Growth initiatives will balance profitability with long-term value creation.
Group Managing Director Alaba Fagun called 2025 a defining period for Berger Paints. Operational resilience and improved profitability marked the year, she noted.
Fagun attributed high profit margins to efficiency and margin enhancement focus. Manufacturing productivity and strategic discipline delivered the results shareholders saw.
A strong balance sheet helped deepen stakeholder confidence throughout the year. Consistent execution of strategic objectives kept the company on track.
