— Grows profits to over 100% to N33.5 Billion
NASCON Allied Industries Plc has rewarded its shareholders with a historic 200 per cent increase in dividend payout, underscoring a remarkable financial performance that saw profit after tax surge by over 100 per cent to N33.5 billion. In the 2025 financial year, despite a challenging operating environment.
The strong performance was unveiled at the Company’s 2025 Annual General Meeting ( AGM), held in Lagos, where shareholders applauded the resilience, focus and strategic discipline of NASCON’s management and Board.
Reflecting the robust results, the Board of Directors approved a dividend of N 6, per share – the highest since the Company was listed on the Nigerian Exchange, signalling NASCON’s confidence in its financial strengthen and long – term growth prospects.
Earnings per share (EPS) rose by 115 per cent, 577 kobo in the previous year to 1,241 kobo. Describing the outcome as best financial performance in NASCON’s history, the Chairman, Mr. Olakunle Alaka, attributed the results to improved operational efficiency, strict cost management and the dedication of the Company’s workforce.
“The operating environment in 2025 was characterised by economic volatility, persistent inflation and structural changes across key sectors,” Alake said. “Yet NASCON remained resilient and strategically focused, delivering outstanding value to shareholders.
He noted that operational sustainability remains a core pillar of the Company’s strategy. During the year, NASCON introduced Compressed Natural Gas ( CNG) trucks into its logistics Assets to reduce fuel costs and minimise exposure to diesel price volatility. In addition, the Company’s state – of – art salt refinery, its natural gas, significantly boosting efficiency while reinforcing NASCON’s commitment to environmental sustainability.
The Managing Director, Mrs. Adeyemi Saka, highlighted key milestones recorded during the year, including a 27 per cent growth in revenue and exceptional returns to shareholders through dividends. She attributed the achievements to a clear strategic vision, disciplined execution and sustained focused cost serving initiatives across production, logistics and fleet management, looking ahead to 2026, Saka reaffirmed management determination to build on current momentum. She outlined strategic priorities for the coming year, including deeper cost optimisation, strengthen and energy diversification and sustainability initiative, as well as accelerated digital transformation and process automation.
In her remarks, Director Mrs Tonya Lawani, emphasised that the Company remains firmly committed to the principles that have driven its excellent performance, noting that NASCON approaches the new financial year from a position of strength, with further opportunities for growth and improvement.
Speaking on behalf of the Shareholders, Dr. Faruk Umar expressed strong confidence in the Company’s trajectory, citing NASCON’s rising share price, which recently crossed the N100 mark, and projecting further appreciation. He commended the quality of the Board and management team, noting that strong leadership and recent executive appointments have positioned the Company to deliver even greater value to all shareholders.
With its record – breaking profit, unprecedented dividend payout and forward – looking strategy, NASCON Allied Industries Plc continues to consolidate its position as a leading force in Nigeria’s manufacturing sector while delighting shareholders with sustained value creation.
