UACN Proposes N2.93bn Dividend Payout For 2025

UAC of Nigeria (UACN) Plc has proposed a dividend payout of N2.93 billion for the year 2025, reflecting the company’s commitment to rewarding its shareholders.

The dividend represents N1.00 per share, which is subject to the appropriate withholding tax and approval at the Annual General Meeting, will be paid to shareholders whose names appear on the register of members as at the close of business on June 11, 2026.

The Company’s audited results for the year ended December 31, 2025 showed that revenue increased by 73 per cent YoY to N340.5 billion, on account of the inclusion of three months’ performance of C.H.I. Limited and sales growth in its Paints, Packaged Food and Beverages segments which more than offset sales decline recorded in the Edibles and Feed segments. Gross profit improved by 69.2 per cent to N78.3 billion, while gross profit margin contracted 51 basis points to 23 per cent, reflecting the impact of inventory write-down in our Edibles and Feed businesses.

Operating profit stood at N28.5 billion in 2025 from N18.9 billion in 2024. Profit before tax stood at N16.4 billion, compared to N25.5 billion in 2024. Excluding the exceptional items, including N8.5 billion one-off transaction costs related to the C.H.I. acquisition and N6.8 billion hedge cost, underlying profit before tax of N31.8 billion, 95 per cent higher than 2024 underlying profit of N16.3 billion.

Total profit for the period was N9.9 billion compared to N16.3 billion in 2024. Excluding one-off costs, underlying profit for the period was N25.2 billion, 258 per cent higher than 2024 profit. Earnings per share of N3.62 in 2025 compared to N4.97 recorded in 2024.

Speaking on the results, Group managing director, UACN, Fola Aiyesimoju, stated, “2025 was a pivotal year for UAC. Our businesses CAP Plc and UAC Foods Limited continued to deliver strong performance.

“Performance in these businesses, together with the acquisition of C.H.I. Limited (CHI), significantly increased the scale of our Group. We recorded revenue of N341 billion, a 73 per cent increase compared to 2024. CHI gives us presence in large, growth categories, including drinking yoghurt, evaporated milk, and juices anchored by the Chivita, Hollandia, and Capri-Sun brands, while the

SuperBite and Beefie brands complement our existing presence in the snacks category. Importantly, the addition of CHI talent has bolstered our overall leadership strength. Group profitability was impacted by N15 billion one-off acquisition costs.”

He noted that “excluding these, profit before exceptional items increased by 95 per cent to N32 billion, from N16 billion in 2024. With the acquisition completed, our focus is on executing our value creation plan, prioritising margin expansion, and capital optimisation, to deliver stakeholder value consistent with our growth strategy.”

Aiyesimoju added that “the Board of Directors has proposed a full year dividend of N1 per ordinary share, a 354 per cent increase compared to 22 kobo paid in the prior year.”