NAHCO Plc Reports 22% Profit Growth in H1 2026
NAHCO Plc announced its unaudited results for the six months ending June 30, 2026, revealing a profit after tax of N10.85 billion, a 22.2% increase from N8.88 billion in the same period of 2025. Gross revenue rose to N35.36 billion, up from N32.33 billion.
Operating profit grew by 25.4% to N14.59 billion, compared to N11.64 billion in the previous year. The adjusted basic earnings per share improved from N4.55 to N4.87, despite an increase in outstanding shares due to a bonus share issue approved for the 2025 financial year.
Shareholders received a cash dividend of N12.18 billion for 2025, an increase from N11.58 billion in 2024, with dividends per share rising to N6.25 from N5.94. Chairman Dr. Seinde Fadeni credited the results to sustained investments in critical assets, while Group Managing Director Mr. Olumuyiwa Olumekun emphasized the company’s focus on operational excellence and diversification.
The results suggest NAHCO may surpass its 2025 financial performance.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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