NASCON Allied Industries Plc has declared a dividend of N6 per share for the 2025 financial year, following a remarkable performance that saw its profit after tax more than double to N33.5 billion.
The dividend was approved at the company’s 2025 Annual General Meeting (AGM) held in Lagos, where shareholders commended management for delivering strong returns despite a challenging macroeconomic environment marked by inflation and volatility.
The payout represents an estimated 200% increase compared to the previous year and is the highest dividend since NASCON was listed on the Nigerian Exchange Limited, underscoring investor confidence in its financial strength and long-term growth outlook.
The company recorded significant financial improvements across key indicators. Profit after tax rose by over 100% to N33.5 billion, while earnings per share increased by 115% to 1,241 kobo, compared to 577 kobo in the previous year. Revenue also climbed by 27% year-on-year, supported by stronger market penetration and operational efficiency.
Pre-tax profit surged to N48.2 billion, reflecting a 103.98% increase from N23.6 billion in 2024, while total revenue rose to N152.6 billion, with salt products contributing more than 92% of total sales. Operating profit stood at N42.8 billion after administrative expenses of N8.9 billion.
Management attributed the strong performance to disciplined cost control, improved production efficiency, and strategic investments in energy and logistics. The company expanded its use of Compressed Natural Gas (CNG) trucks and transitioned its largest salt refinery to natural gas, significantly reducing operating costs and enhancing sustainability.
Chairman of the Board, Mr. Olakunle Alake, described the results as the best in NASCON’s history, noting that the company remained resilient despite economic pressures.
“The operating environment in 2025 was characterised by inflation and volatility, yet NASCON delivered outstanding value to shareholders through disciplined execution and strategic focus,” he said.
Managing Director, Mrs. Aderemi Saka, said the company’s performance was driven by strong cost management and efficiency improvements across production and logistics.
Looking ahead, NASCON reaffirmed its commitment to sustaining growth through further cost optimisation, market expansion, digital transformation, and enhanced sustainability initiatives.
Director Tonya Lawani noted that the company enters 2026 from a position of strength, with clear opportunities for expansion.
Investor sentiment remained positive, with shareholders praising consistent value creation and strong returns. Dr. Faruk Umar highlighted the company’s rising share price—recently crossing N100—as evidence of growing market confidence.
NASCON’s stock closed at N206.90 on Monday, April 27, 2026, reflecting a 92.5% year-to-date gain from its opening price of N107.50, ranking it among top performers on the Nigerian Exchange.
With sustained earnings growth and strategic execution, NASCON continues to reinforce its position as a leading value-driven consumer goods company in Nigeria’s capital market.
