Nascon Reports N48.2 Billion Profit for FY2025

Nascon Allied Industries Plc released its audited financial statement for the fiscal year ending December 31, 2025, reporting a pre-tax profit of N48.2 billion, which represents a 103.98% increase from the previous year's profit of N23.6 billion. This growth was primarily driven by robust revenue growth and solid financial income, alongside lower costs.

The full-year revenue rose to N152.6 billion, reflecting a 26.83% increase from N120.3 billion in 2024, with salt sales accounting for N141.1 billion, or 92.46% of total revenue. The cost of sales increased to N78.7 billion, a rise of 21.40%, resulting in a gross profit of N73.9 billion, up 33.17%.

The company also reported a financial income of N6.0 billion, largely from interest on short-term fixed deposits. After settling tax obligations of N33.5 billion, the profit after tax stood at N14.7 billion.

The market had not fully reacted to the financial report, with Nascon's stock slipping 0.58% by the end of the week on March 6, 2026.