NASCON Boosts Shareholders with 200% Dividend Increase

NASCON Allied Industries Plc reported a remarkable 200% increase in dividend payout to its shareholders, following a strong financial performance that saw its profit before tax double to N33.5 billion for the 2025 financial year. This announcement was made during the company’s 2025 Annual General Meeting (AGM) held in Lagos.

The board of directors approved a dividend of N6 per share, marking the highest payout in the company’s history on the Nigerian Exchange. The earnings per share experienced a significant jump of 115%, rising from 577 kobo the previous year to 1,241 kobo.

Chairman Mr. Olakunl Alak attributed this success to improved operational efficiency and cost discipline, despite the ongoing economic volatility and inflationary pressures.

Managing Director Mr. Aderemi Saka highlighted key milestones, including a 27% revenue growth and a strategic focus on cost-saving initiatives across product logistics and fleet management.