Berger Paints is scaling up final dividends for 2025 in mark of a hugely rewarding year, when post-tax profit touched a record and leapt by 147.7 per cent to N1.6 billion, compared to the preceding year, even though turnover only moderately improved.
The manufacturer distributed N0.40 per share to shareholders in interim dividend earlier in the year, twice as much as it did in 2024, and plans to pay N1.25 as final dividend, it said in its audited results published on Tuesday.
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That could take its total payout for the year to N478.2 million.
The Nigerian real estate sector is projected to expand at a compound annual growth rate of 6.7 per cent between 2026 and 2029 on rapid urbanisation in key cities. The paint maker, which operates in the Nigerian market, saw a modest growth in 2025, judging by the revenue of listed paint-makers.
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Berger Paints, CAP (the paint manufacturing unit of UAC of Nigeria), Meyer and Premier Paints together reported a 23.3 per cent jump in sales during the year, by PREMIUM TIMES’ calculation.
Net profit for each of the four expanded at a much faster pace than revenue, with Premier Paints, which plunged into loss in 2024, coming out of the woods during the year.
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Revenue for Berger Paints rose by one-fifth to N13 billion in the review period, driven by sales of paints and allied products. Finance income increased more than four times on the back of increased interest income on bank deposits.
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The company recorded a 20.6 per cent rise in total assets, which climbed to N9.1 billion from N7.5 billion.
Berger Paints, incorporated at inception as British Paints (West Africa), was established in January 1959 to import paints from Newcastle, using the facilities of PZ, VYB and Brossette for distribution.
Berger, Johnson & Nicholson, a British paint manufacturer, purchased the company in 1969. The company adopted its current name 20 years later.
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