NASCON Hits Record N33.5bn Profit, Announces Historic 200% Dividend Hike
By Patience Ikpeme
NASCON Allied Industries Plc has set a new benchmark in the Nigerian manufacturing sector, rewarding its shareholders with a historic 200 per cent increase in dividend payout following a stellar financial year. Despite a volatile economic landscape, the company reported a profit after tax surge of over 100 per cent, reaching N33.5 billion for the 2025 financial period.
The landmark results were presented to investors during the company’s Annual General Meeting held in Lagos. In a move that signaled immense confidence in the firm’s financial health and future trajectory, the Board of Directors approved a dividend of N6 per share. This payout represents the highest since the company was listed on the Nigerian Exchange.
The financial data reveals a sharp upward trajectory in shareholder value, with Earnings Per Share (EPS) rising by 115 per cent, moving from 577 kobo in the previous year to 1,241 kobo. The Chairman of the Board, Mr. Olakunle Alake, categorized the year as the most successful in the company’s history, pointing toward operational discipline as the primary catalyst.
“The operating environment in 2025 was characterised by economic volatility, persistent inflation and structural changes across key sectors,” Mr. Alake told the gathered shareholders. “Yet, NASCON remained resilient and strategically focused, delivering outstanding value to shareholders.”
Efficiency measures played a significant role in the company’s bottom-line growth. Mr. Alake noted that the company transitioned its largest salt refinery to run entirely on natural gas and introduced Compressed Natural Gas (CNG) trucks into its logistics fleet. These moves were designed to lower fuel expenditures and insulate the company from the unpredictability of diesel prices while supporting environmental goals.
The Managing Director, Mrs. Aderemi Saka, brought attention to the 27 per cent growth in total revenue, which she credited to a precise strategic vision. Looking toward the 2026 financial year, Mrs. Saka expressed the management’s resolve to maintain this momentum through deeper cost optimization, broader market penetration, and a commitment to digital transformation and process automation.
Echoing the sentiment of stability, Director Mrs. Tonya Lawani stated that the company stays firmly committed to the principles that drove this performance. She mentioned that NASCON enters the new financial year from a position of strength, seeing further opportunities for improvement and growth.
The investor community responded with enthusiasm to the news. Speaking for the shareholders, Dr. Faruk Umar voiced strong confidence in the company’s direction, noting that the share price recently crossed the N100 mark. He projected further appreciation and credited the quality of the leadership team for positioning the company to deliver sustained value.
With this record-breaking profit and unprecedented dividend, NASCON Allied Industries Plc continues to solidify its standing as a dominant force in the industry, proving that strategic discipline can yield exceptional results even in a challenging economy.
