Berger Paints Nigeria Plc reported a profit before tax of N1.68 billion for the nine months ended September 2026, up 14.8% from N1.46 billion in the corresponding period of 2025.<\/p>\n
This is contained in the company\u2019s unaudited consolidated and separate financial statements for the third quarter ended September 30, 2026.<\/p>\n
Berger Paints declared an interim dividend of 50 kobo per ordinary share for the nine months ended September 30, 2026, amounting to N144.91 million.<\/p>\n
The dividend is subject to applicable withholding tax, with a qualification date of November 12, 2026, and payments scheduled for November 20, 2026.<\/p>\n
Payments will be made electronically to eligible shareholders who have completed their e-dividend registration.<\/p>\n
\n\n
- Revenue: N10.01 billion (Up 7.4% YoY from N9.32 billion).<\/li>\n
- Gross profit: N5.22 billion (Up 26.6% YoY from N4.12 billion).<\/li>\n
- Operating profit: N1.52 billion (Up 5.3% YoY from N1.44 billion).<\/li>\n
- Profit before tax: N1.68 billion (Up 14.8% YoY from N1.46 billion).<\/li>\n
- Profit after tax: N1.09 billion (Up 12.4% YoY from N968.01 million).<\/li>\n
- Earnings per share: 375 kobo (Up 12.3% YoY from 334 kobo).<\/li>\n<\/ul>\n<\/blockquote>\n
Driving the numbers<\/strong><\/h4>\n
Berger Paints recorded moderate revenue growth in the nine months ended September 2026, with turnover rising by 7.4% to N10.01 billion from N9.32 billion in the corresponding period of 2025.<\/p>\n
However, the stronger performance came from gross profit, which increased by 26.6% to N5.22 billion from N4.12 billion, supported by lower production costs.<\/p>\n
\n
- Cost of sales declined by 7.8% to N4.79 billion from N5.19 billion, despite higher revenue. Consequently, gross profit margin improved to 52.1% from 44.2%, indicating that the company retained a larger share of its revenue after accounting for direct production costs.<\/li>\n
- The improvement in gross profitability was partly offset by rising operating expenses, particularly administrative costs, which increased by 60.5% to N3.46 billion from N2.16 billion.<\/li>\n
- Selling and distribution expenses, however, declined by 43.0% to N330.04 million from N579.41 million, providing some relief to operating costs.<\/li>\n
- Despite the stronger gross profit, operating profit increased by just 5.3% to N1.52 billion from N1.44 billion, reflecting the impact of higher administrative expenses on overall profitability.<\/li>\n
- Finance income provided additional support, rising to N223.30 million from N59.30 million, while finance costs increased to N59.91 million from N35.90 million.<\/li>\n<\/ul>\n
This resulted in net finance income of N163.39 million, compared with N23.40 million in the corresponding period of 2025, contributing to the 14.8% increase in pre-tax profit to N1.68 billion.<\/p>\n
Meanwhile, income tax expense rose by 19.5% to N593.41 million from N496.44 million, limiting profit after tax growth to 12.4%, with net profit reaching N1.09 billion from N968.01 million.<\/p>\n
Balance sheet<\/strong><\/h4>\n
On the balance sheet, total assets increased by 6.3% to N9.64 billion as of September 30, 2026, from N9.07 billion at the end of 2025.<\/p>\n
\n
- The increase was supported by other financial assets, which rose to N2.65 billion from N1.98 billion, while cash and cash equivalents increased by 7.6% to N384.72 million from N357.63 million.<\/li>\n
- Inventories declined to N2.64 billion from N2.75 billion, while trade and other receivables increased to N647.88 million from N468.99 million.<\/li>\n
- Total loans and borrowings declined to N110.54 million from N219.99 million at the end of 2025, with the September 2026 balance classified entirely as current liabilities.<\/li>\n
- The company also reported financial derivative liabilities of N144.44 million, down from N238.19 million at the end of 2025, comprising N109.87 million in non-current liabilities and N34.57 million in current liabilities.<\/li>\n<\/ul>\n
Overall, Berger Paints\u2019 nine-month performance reflected improved gross margins and stronger finance income, although rising administrative expenses and higher tax payments constrained operating profit growth and cash generation.<\/p>\n
Market reaction<\/strong><\/h4>\n
Berger Paints\u2019 share price closed at N147.60 on September 30, 2026, representing a year-to-date gain of 207.5% from its opening price of N48.<\/p>\n
Source: <\/p>\n
Nairametrics<\/div>\n","protected":false},"excerpt":{"rendered":"Berger Paints Nigeria Plc reported a profit before tax of N1.68 billion for the nine months ended September 2026, up 14.8% from N1.46 billion in the corresponding period of 2025.… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4753","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/4753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=4753"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/4753\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=4753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=4753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=4753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}