Julius Berger Nigeria Plc recorded a strong revenue performance in the 2025 financial year, with turnover rising to N760.61bn, reflecting sustained activity across its construction and infrastructure projects.
The company’s revenue for the year ended December 31, 2025 increased from N566.71bn recorded in 2024, according to its consolidated unaudited financial statements for the fourth quarter. The growth underscores improved contract execution and continued demand for large-scale infrastructure works.
In the fourth quarter alone, revenue stood at N219.80bn, up from N161.20bn in the corresponding period of 2024, indicating stronger project delivery toward the end of the year.
Profit before tax rose to N45.95bn in 2025, compared with N29.57bn in the previous year, while profit after tax climbed to N31.11bn from N15.51bn. For the fourth quarter, Julius Berger posted a profit after tax of N12.85bn, a significant increase from N2.66bn recorded in the same period of 2024.
Cost of sales increased to N641.05bn in 2025 from N495.24bn in 2024, reflecting higher execution costs associated with expanded project activity. Despite this, gross profit grew to N119.56bn, compared with N71.47bn in the prior year.
Administrative expenses stood at N98.58bn, while impairment on trade receivables amounted to N33.25bn, highlighting cost pressures and credit risk challenges during the year. These were partly offset by other gains of N47.56bn and investment income of N20.26bn.
Finance costs declined sharply to N4.94bn, from N12.61bn in 2024, contributing to the company’s improved profitability.
Earnings per share rose to N19.28 for the full year, from N9.54 previously, while fourth-quarter earnings per share stood at N8.00.
On the balance sheet, total assets increased to N1.10tn, from N1.02tn at the end of 2024, driven by growth in property, plant and equipment, contract assets, and cash balances. Shareholders’ equity stood at N304.64bn, while retained earnings amounted to N157.31bn.
Total liabilities rose to N793.91bn from N667.92bn in 2024, reflecting higher trade payables, contract liabilities, and bank overdrafts associated with expanded operations.
