Julius Berger Nigeria Plc Reports N25.77 Billion Loss

Julius Berger Nigeria Plc (NGX: JBERGER)'s Diversification segment, which includes its cashew processing business in Epe, Lagos, and regional construction expansion, recorded an operating loss of N25.77 billion for the nine months ending September 30, 2026. This loss is nearly four times the N6.49 billion loss reported in the same period the previous year.

The financial statements filed on the Nigerian Exchange indicate that this loss offset nearly half of the N53.14 billion operating profit generated by the company's three core segments: civil works, building works, and services. The company has not disclosed the specific reasons for the Diversification segment's loss.

Despite the losses, the core segments achieved a 73% increase in operating profit compared to the previous year. The overall group operating profit after accounting for the Diversification losses was N27.37 billion, reflecting a 13% growth.

Profit after tax fell by 44.2% to N10.19 billion, with earnings per share decreasing from N11.28 to N6.24.