Berger Paints Nigeria Plc has announced an interim dividend of 40 kobo per 50 kobo ordinary share, rewarding shareholders for a strong financial performance in the first nine months of 2025. The dividend will be paid to shareholders whose names appear in the company’s register as of November 11, 2025, with electronic payments scheduled for November 19, 2025.
The announcement, contained in a statement filed with the Nigerian Exchange Limited (NGX), follows the release of Berger Paints’ nine-month unaudited financial results, which showed a pre-tax profit of ₦1.46 billion, representing a remarkable 373% year-on-year increase compared to the same period in 2024. The company said the dividend payment is subject to withholding tax and regulatory approval in line with standard practice.
This interim dividend represents a 100% increase over the 20 kobo paid during the same period last year, signaling management’s growing confidence in the company’s earnings momentum and liquidity strength.
Dividend and Market Metrics
The declared dividend of 40 kobo per share amounts to a total payout of approximately ₦115.92 million. Based on the company’s market price of ₦41 per share, the interim dividend translates to a yield of 0.97% and a dividend payout ratio of 11.98%.
Berger Paints also advised all shareholders to complete their e-dividend registration to ensure prompt payment on the scheduled date. The company reaffirmed its commitment to maintaining efficient shareholder communication and transparency in corporate governance.
Robust Financial Performance
Berger Paints’ financial statement for the period ended September 30, 2025, revealed strong earnings growth across all key performance indicators.
Profit before tax (PBT) for the third quarter rose 138% to ₦518.6 million, compared to ₦218.1 million recorded in the same period of 2024.
Profit after tax (PAT) also more than doubled to ₦343 million, up from ₦148 million last year.
For the nine-month period, PBT reached ₦1.46 billion, while PAT jumped to ₦968 million, up from ₦202 million in 2024.
The company attributed the outstanding performance to higher paint sales volumes, effective cost control, and enhanced operational efficiency, which helped cushion the impact of inflationary pressures and rising input costs.
Revenue performance was equally impressive. Q3 2025 revenue rose 20.5% year-on-year to ₦3.1 billion, while cumulative revenue for the nine-month period climbed 24% to ₦9.3 billion, compared to ₦7.4 billion in the same period of 2024.
The company’s paints and allied products business segment remained its largest revenue contributor, accounting for 97% of total turnover (₦9.04 billion), while contract services contributed ₦271.6 million.
Balance Sheet Strength and Market Performance
Berger Paints also demonstrated improved balance sheet resilience, with total assets rising to ₦8.01 billion and shareholders’ equity increasing to ₦4.51 billion, representing an 18% year-on-year growth. This strong financial base provides the company with the flexibility to invest in capacity expansion, product innovation, and distribution network upgrades.
On the capital market front, Berger Paints’ share price has appreciated by 95% year-to-date, one of the best performances among industrial goods stocks on the NGX in 2025. The stock is currently trading around ₦39–₦41, supported by consistent earnings growth and a stable dividend policy.
Strategic Focus and Outlook
Analysts view Berger Paints’ latest results as a reflection of its successful cost optimization strategies and product diversification efforts, which have helped the company maintain profitability despite macroeconomic headwinds. The company’s management has continued to invest in automation, distribution, and sustainability initiatives to improve competitiveness and market share.
Berger Paints’ continued focus on innovation, customer satisfaction, and value creation has positioned it as one of the most resilient brands in Nigeria’s industrial goods sector. The decision to double the interim dividend demonstrates the company’s strong financial health and its commitment to delivering consistent returns to investors.
“We are pleased to reward our shareholders for their continued support,” a company representative noted. “The strong financial results reflect our disciplined execution, efficient operations, and commitment to delivering value despite a challenging economic environment.”
With sustained growth in revenue, profit, and equity, Berger Paints Nigeria Plc is poised to maintain its trajectory of steady earnings and shareholder value creation as it approaches the end of the 2025 fiscal year.
