NASCON Grows H1 Profit After Tax 26% To N19.6bn

…Joins NGX 30 Index

NASCON Allied Industries Plc has announced its financial performance for the six months ended 30 June 2026, delivering profit growth despite a challenging operating environment.

The company recorded revenue of N81.2 billion, representing a four per cent increase compared with the corresponding period of 2025. Profit before tax rose by 28 per cent to N29.7 billion, while profit after tax increased by 26 per cent to N19.6 billion.

Gross profit grew by nine per cent to N40.8 billion, with gross margin improving to 50 per cent from 48 per cent in the prior year period. EBITDA also increased by six per cent to N24.1 billion, while EBITDA margin stood at 30 per cent, reflecting sustained focus on operational efficiency, cost optimisation and disciplined margin management.

Earnings per share rose by 26 per cent to N14.51, reinforcing the quality of the company’s earnings and its continued commitment to delivering value to shareholders.

Speaking on the results, the managing director of NASCON Allied Industries, Aderemi Saka, said the performance demonstrated the resilience of the company’s business model and the effectiveness of its strategic execution.

“Our first-half performance demonstrates the resilience of our business model, disciplined execution of strategic priorities, and ability to deliver sustainable growth despite a dynamic operating environment,” Saka said.

She noted that sustained demand across core product categories, continued market penetration initiatives and improved operational discipline helped the company deliver profitability growth ahead of revenue growth.

NASCON’s balance sheet also strengthened during the period, with total assets increasing by 45 per cent to N161.6 billion. Cash and cash equivalents rose by 26 per cent to N46.1 billion, giving the company flexibility to support growth initiatives, maintain operational resilience and take advantage of emerging opportunities.

Beyond its financial performance, the company achieved a major capital market milestone during the period with its admission into the Nigerian Exchange (NGX) 30 Index following the Exchange’s half-year review of market indices.

The inclusion places NASCON among the thirty most capitalised and liquid companies on the Nigerian Exchange, reflecting investor confidence in the company’s fundamentals, governance standards and long-term growth prospects.

Looking ahead, NASCON said it remains focused on improving operational efficiency, strengthening market leadership, optimising its product portfolio and creating sustainable value for all stakeholders.

The company expressed confidence that its strategic initiatives, strong financial position and dedicated workforce would continue to support profitable growth and long-term shareholder returns in the second half of the year.