Chemic Alli Product Plc Approves N4 Dividend Per Share

At its 61st Annual General Meeting held in Lagos, Chemic Alli Product Plc approved a final dividend payout of N4.00 per 50 kobo ordinary share for the financial year ending December 31, 2025, representing a 67% increase from the previous year. The total dividend payout amounts to N3.26 billion.

The company reported strong financial performance, with revenue reaching N44.9 billion, a 23% increase from N36.4 billion in 2024. Gross profit grew by 32% to N19.4 billion, and profit before tax rose by 51% to N9.1 billion compared to N6.1 billion in the prior year.

Chairman Fola Aiyesimoju noted that the performance reflects the strength of the company's strategic foundation. Managing Director Bolarin Okunowo highlighted steps taken to fortify the business against external pressures.

The company also re-elected board members and paid tribute to outgoing Managing Director Bolarin Okunowo, welcoming Lekan Aluko as the incoming Managing Director.