Berger Paints Nigeria Reports 14.8% Profit Increase

Berger Paints Nigeria Plc (NGX: BERGER) announced a profit before tax of N1.68 billion for the nine months ended September 30, 2026, reflecting a 14.8% increase from N1.46 billion in the same period of 2025. This information is part of the company's unaudited consolidated and separate financial statements for the third quarter.

The company declared an interim dividend of 50 kobo per ordinary share, amounting to N144.91 million, with a qualification date of November 12, 2026, and payment scheduled for November 20, 2026. Payments will be made electronically to eligible shareholders who have completed their e-dividend registration.

Berger Paints experienced moderate revenue growth, with turnover increasing by 7.4% to N10.01 billion from N9.32 billion in the corresponding period of 2025. The gross profit rose significantly by 26.6% to N5.22 billion from N4.12 billion, aided by lower production costs, leading to net finance income of N163.39 million, compared to N23.40 million in the previous year.