Berger Paints Nigeria Plc reported a profit earlier than tax of N1.68 billion for the 9 months ended September 2026, up 14.8% from N1.46 billion within the corresponding interval of 2025.
This is contained within the firm’s unaudited consolidated and separate monetary statements for the third quarter ended September 30, 2026.
Berger Paints declared an interim dividend of fifty kobo per peculiar share for the 9 months ended September 30, 2026, amounting to N144.91 million.
The dividend is topic to relevant withholding tax, with a qualification date of November 12, 2026, and funds scheduled for November 20, 2026.
Payments can be made electronically to eligible shareholders who’ve accomplished their e-dividend registration.
Key Highlights
- Revenue: N10.01 billion (Up 7.4% YoY from N9.32 billion).
- Gross profit: N5.22 billion (Up 26.6% YoY from N4.12 billion).
- Operating profit: N1.52 billion (Up 5.3% YoY from N1.44 billion).
- Profit earlier than tax: N1.68 billion (Up 14.8% YoY from N1.46 billion).
- Profit after tax: N1.09 billion (Up 12.4% YoY from N968.01 million).
- Earnings per share: 375 kobo (Up 12.3% YoY from 334 kobo).
Driving the numbers
Berger Paints recorded average income progress within the 9 months ended September 2026, with turnover rising by 7.4% to N10.01 billion from N9.32 billion within the corresponding interval of 2025.
However, the stronger efficiency got here from gross profit, which elevated by 26.6% to N5.22 billion from N4.12 billion, supported by decrease manufacturing prices.
- Cost of gross sales declined by 7.8% to N4.79 billion from N5.19 billion, regardless of increased income. Consequently, gross profit margin improved to 52.1% from 44.2%, indicating that the corporate retained a bigger share of its income after accounting for direct manufacturing prices.
- The enchancment in gross profitability was partly offset by rising working bills, notably administrative prices, which elevated by 60.5% to N3.46 billion from N2.16 billion.
- Selling and distribution bills, nonetheless, declined by 43.0% to N330.04 million from N579.41 million, offering some reduction to working prices.
- Despite the stronger gross profit, working profit elevated by simply 5.3% to N1.52 billion from N1.44 billion, reflecting the influence of upper administrative bills on total profitability.
- Finance earnings supplied further help, rising to N223.30 million from N59.30 million, whereas finance prices elevated to N59.91 million from N35.90 million.
This resulted in internet finance earnings of N163.39 million, in contrast with N23.40 million within the corresponding interval of 2025, contributing to the 14.8% enhance in pre-tax profit to N1.68 billion.
Meanwhile, earnings tax expense rose by 19.5% to N593.41 million from N496.44 million, limiting profit after tax progress to 12.4%, with internet profit reaching N1.09 billion from N968.01 million.
Balance sheet
On the steadiness sheet, complete property elevated by 6.3% to N9.64 billion as of September 30, 2026, from N9.07 billion on the finish of 2025.
- The enhance was supported by different monetary property, which rose to N2.65 billion from N1.98 billion, whereas money and money equivalents elevated by 7.6% to N384.72 million from N357.63 million.
- Inventories declined to N2.64 billion from N2.75 billion, whereas commerce and different receivables elevated to N647.88 million from N468.99 million.
- Total loans and borrowings declined to N110.54 million from N219.99 million on the finish of 2025, with the September 2026 steadiness labeled completely as present liabilities.
- The firm additionally reported monetary spinoff liabilities of N144.44 million, down from N238.19 million on the finish of 2025, comprising N109.87 million in non-current liabilities and N34.57 million in present liabilities.
Overall, Berger Paints’ nine-month efficiency mirrored improved gross margins and stronger finance earnings, though rising administrative bills and better tax funds constrained working profit progress and money technology.
Market response
Berger Paints’ share worth closed at N147.60 on September 30, 2026, representing a year-to-date acquire of 207.5% from its opening worth of N48.
