Prime Business Africa
Berger Paints Nigeria generated N9.31 billion in revenue in the first nine months of 2025, exceeding the N7.55 billion turnover recorded in the corresponding period in 2024.
The company announced the revenue increased by 23 percent in its unaudited interim financial statements for the third quarter (Q3) ended September 30, 2025.
Join our WhatsApp ChannelBerger Paints also reported that the cost of sales increased by 0.33 percent to N5.19 billion compared to the N5.17 billion expended between the first quarter (Q1) and third quarter of last year.
Also, the paint manufacturer ended the period under review with N4.12 billion in gross profit, surpassing the N2.38 billion earned in 2024, indicating a 73 percent growth.
The report showed selling and distribution expenses increased by 29.27 percent year-on-year, from N448.21 million to N579.4 billion, and administrative expenses grew by 30.48 percent, from N1.65 billion to N2.15 billion.
In addition, finance income increased by 147.20 percent year-on-year, from N23.98 million to N59.30 million, however, finance costs decreased by 6.66 percent, from N38.46 million to N35.89 million.
This enabled Berger Paints to record N23.40 million net finance income between January and September 2025, compared to last year’s N14.47 million net finance costs.
The company also reported a 373 percent growth in profit before tax (PBT) between Q1 and Q3 this year, exceeding the N309.38 million recorded in the same period in 2024.
Berger Paint said N496.44 million was deducted as income tax from the pretax profit, representing a 362.77 percent increase when compared to last year’s tax expense of N107.27 million.
Consequently, the paint manufacturer recorded N968.01 million as profit after tax (PAT) this year, compared to the N202.11 million post-tax profit achieved in 2024, indicating a 379 percent growth.
For press releases, tip-offs, and corporate information, call 08149575257 (hotline), email: editor@primebusiness.africa and publisher@primebusiness.africa
