Berger Paints Shares Rise as Dividend Increases 37.5%

Kayode  Tokede 

Shareholders of Berger Paints Nigeria Plc approved a final dividend of N1.25 per share for the year ended 31 December 2025, bringing the total dividend to N1.65 per share – a 37.5 percent rise over the 2024 financial year.

The company had earlier paid an interim dividend of 40 kobo per share in November 2025, underscoring its commitment to rewarding shareholders amid strong financial performance.

During the virtual Annual General Meeting (AGM) in Lagos, shareholders praised the company’s solid performance and the steady increase in dividend payouts.

At the AGM, Moses Igbrude, head of the Independent Shareholders Association of Nigeria, lauded management for its strong leadership and strategic direction, which he said produced the outstanding results and attractive dividend.

Adebisi Bakare, National Coordinator of the Pragmatic Shareholders Association of Nigeria, highlighted the company’s stellar performance, high dividend payout, and its promotion of gender balance within the organisation.

Lawrence Oguntoye commended the management’s ingenuity for delivering exponential growth and attractive returns, while urging the company to stay focused on sustaining profitability, capital appreciation, and shareholder value.

Chairman Abi Ayida noted that Berger Paints recorded significant growth across key financial metrics, driven by disciplined execution of its strategic priorities.

He said the company posted a profit after tax of N1.57 billion, up from N610.8 million in 2024 – a 157 percent increase. Revenue also rose 20 percent, from N10.8 billion in 2024 to N12.9 billion in 2025.

“These results underscore the effectiveness of our strategic initiatives and the unwavering commitment of our management team, employees, and business partners,” he said.

Group Managing Director and Chief Executive Officer Alaba Fagun described the 2025 financial year as a defining period marked by operational resilience and improved profitability.

Fagun explained that the company’s high profit margin reflected a strong focus on efficiency, margin enhancement, manufacturing productivity, and the positive impact of its strategic initiatives and operational discipline.