Prime Business AfricaBerger Paint is having a positive run in the second quarter, with stock market investors bullish on its shares after reporting an impressive financial return for Q1 2025.
Shareholders have recorded a 24.93 percent appreciation in their investments in the last month and two weeks.
Join our WhatsApp ChannelThis represents a combined gain of N1.36 billion for the shareholders, as equity investors seeking Berger Paints’ shares drove the price up from N18.85 per share on April 2 to N23.55 kobo as of May 16.
It also lifted Berger Paints’ market valuation from N5.46 billion to N6.82 billion within the same period, reflecting the stock market’s reaction towards the company’s Q1 2025 financial results.
Check by Prime Business Africa showed Berger Paints revenue grew by 23 percent from N2.40 billion in the first quarter of last year to N2.97 billion in Q1 2025.
The company also managed to slow the growth in its cost of sales, which increased marginally by 0.87 percent year-on-year from N1.66 billion to N1.68 billion.
This enabled the company’s gross profit to rise significantly by 74 percent to N1.29 billion in Q1 2025 compared to N742.13 million reported in the same period last year.
Also, its profit before taxation (PBT) increased by 128 percent year-on-year from N205.75 million to N469.73 million.
In addition, Berger Paints reported income tax expense of N160.25 million in Q1 2025, against the N65.84 million filed in the corresponding period in 2024.
The 143.38 percent increase in income tax did not prevent Berger Paints from recording triple-digit growth in its bottom line in the first quarter of this year, as profit after tax (PAT) rose to N309.48 million from N139.91 million – indicating a 121 percent year-on-year growth.
