Berger Paints Nigeria Plc has announced an interim dividend of 40 kobo per 50 kobo ordinary share, rewarding shareholders following a stellar financial performance for the nine-month period ended September 30, 2025. The payment will be made to shareholders whose names appear in the company’s register as of November 11, 2025, with electronic disbursement scheduled for November 19, 2025, subject to withholding tax and regulatory approval.
The dividend, disclosed in a statement filed with the Nigerian Exchange (NGX), represents a 100% increase from the 20 kobo interim dividend declared in the same period of 2024, reflecting management’s confidence in the company’s strong earnings growth and liquidity position.
Financial Highlights and Dividend Analysis
For the nine-month period, Berger Paints reported a pre-tax profit of N1.46 billion, marking a 373% year-on-year increase from N308 million in 2024. Profit after tax also surged to N968 million, up from N202 million the previous year.
The declared 40 kobo dividend per share translates to a total payout of N115.92 million, offering shareholders a dividend yield of 0.97% at a market price of N41 per share and a payout ratio of 11.98%.
Strong Q3 2025 Performance
During the third quarter of 2025 alone, Berger Paints delivered a profit before tax of N518.6 million, a 138% rise from N218.1 million in Q3 2024. Profit after tax similarly climbed to N343 million from N148 million a year earlier.
Revenue for Q3 grew 20.5% year-on-year to N3.1 billion, driven by increased demand for paints and allied products, effective cost control, and operational efficiency. For the nine-month period, total revenue advanced 24% to N9.3 billion, up from N7.4 billion in the same period of 2024.
Paints and allied products remained the company’s dominant revenue segment, contributing over 97% (N9.04 billion) of total sales, while contract services added N271.6 million.
Balance Sheet and Market Performance
Berger Paints’ balance sheet remained robust, with total assets rising to N8.01 billion and total equity increasing to N4.51 billion, up 18% year-on-year. The company’s stock has also been one of the best-performing equities on the NGX in 2025, posting a year-to-date gain of 95%, and currently trading around N39 per share.
The strong financial results underscore the resilience of Berger Paints’ business model and its ability to sustain profitability despite macroeconomic challenges and rising input costs. The company’s management attributed the impressive performance to higher paint sales, strategic cost management, and improved operational efficiency across its value chain.
This latest development positions Berger Paints among the top-performing manufacturing companies on the NGX in 2025, as investor confidence continues to grow.
