Firm Posts N33.5bn Profit, Approves 200% Dividend Increase for 2025

NASCON Allied Industries Plc approved a 200 per cent increase in dividend payout after profit after tax rose by over 100 per cent to N33.5 billion in the 2025 financial year.

The results were presented at the company’s 2025 Annual General Meeting (AGM) in Lagos.

The board approved a dividend of N6 per share.

Earnings per share (EPS) increased by 115 per cent, from 577 kobo to 1,241 kobo.

NASCON chairman, Olakunle Alake, said the results were driven by operational efficiency, cost management, and workforce efforts.

He stated: “The operating environment in 2025 was characterised by economic volatility, persistent inflation and structural changes across key sectors.”

Alake added that the company introduced Compressed Natural Gas (CNG) trucks into its logistics fleet and converted its largest salt refinery to run on natural gas.

NASCON managing director,  Aderemi Saka, reported 27 per cent revenue growth.

For 2026, Saka outlined priorities including cost optimisation, market penetration, energy diversification, sustainability initiatives, digital transformation, and process automation.

A director, Tonya Lawani said the company entered the new financial year with priorities for growth and improvement.

Shareholder representative Dr. Faruk Umar noted the share price had crossed N100 and lauded the board and management.

NASCON operates in Nigeria’s manufacturing sector.