CAP Reports N9.14bn Pre-tax Profit, Proposes N3.26bn Dividend

Chemical and Allied Products (CAP) Plc has posted a profit before tax of N9.14 billion for the financial year ended December 31, 2025.

Also, the board of directors of the Company proposed a full-year dividend of N4.00 per ordinary share of 50 kobo each, amounting to N3.26 billion.

The paints and coatings company’s audited results showed that revenue grew by 23 per cent to N44.85 billion from N36.362 billion in the full year 2024. Gross profit up by 32 per cent from N 14.766 billion to N19.44 billion, while operating profit stood at N8.07 billion, 48 per cent higher than full year 2024 at N5.450 billion.

Profit before tax amounted to N9.14 billion, up 51 per cent from N6.06 billion in the full year 2024, while profit after tax also rose by 51 per cent to N5.745 billion compared to N3.807 billion in 2024. The Company’s earnings per share stood at N4.00, higher than N2.40 in 2024.

Total dividend payment of N3.26 billion, up by 67 per cent from N1.96 billion in the prior year.

Speaking, the managing director, CAP, Bolarin Okunowo stated, “We are pleased to present our audited results for the full year 2025. Revenue, operating profit, and profit before tax grew by 23 per cent, 48 per cent, and 51 per cent, respectively.

“These achievements are underpinned by the disciplined execution of our strategy and the continued trust and commitment of our customers, trade partners and employees.”

He noted that “as we look ahead to 2026, we will build on this positive momentum by deepening our investments in our people, brands and operations, ensuring we continue to meet and exceed the expectations of our customers and stakeholders.”