Nascon Allied Industries Plc has reported a strong set of audited results for the financial year ended December 31, 2025, posting triple-digit growth in profit and a 200% increase in proposed dividend as improved operational efficiency and logistics investments boosted performance.
The company recorded a 27% increase in revenue to ₦152.7 billion, up from the previous year, driven by sustained demand for its salt and seasoning products and improved production stability. Gross profit rose 33% to ₦73.9 billion, reflecting stronger cost management and pricing discipline.
Earnings before interest, tax, depreciation and amortisation (EBITDA) surged 69% to ₦46.4 billion, translating to a 31% margin, underlining enhanced operating leverage during the period. Profit before tax climbed 104% to ₦48.2 billion, while profit after tax jumped 115% to ₦33.5 billion.
Proposed Dividend
The exceptional bottom-line growth lifted earnings per share by 115 percent to ₦12.41. On the back of the improved performance, the Board proposed a dividend of ₦6.00 per share, representing a 200% increase compared to the prior year.
Managing Director, Aderemi Saka, described the results as the strongest in the company’s recent history, noting that disciplined execution and resilience in a challenging macroeconomic climate were central to the outcome.
A key strategic milestone in 2025 was a 72% expansion in total assets to ₦135.3 billion. This growth was largely supported by investment in new Compressed Natural Gas (CNG) trucks, a move aimed at reducing exposure to diesel price volatility while lowering the company’s carbon footprint. The transition has strengthened logistics capabilities, improved supply chain control, and reinforced long-term sustainability.
Liquidity also improved significantly during the year. Cash and cash equivalents increased 69% to ₦41.6 billion, backed by operating cash flows of ₦43.9 billion. The stronger cash position provides headroom for further investments in technology, infrastructure, and operational efficiency.
Looking ahead, management said the company remains focused on expanding market presence, deepening operational resilience, and executing long-term growth strategies. With a strengthened balance sheet and robust cash generation, the company signalled confidence in sustaining momentum into 2026.
