Julius Berger posts N30.17bn profit, proposes N6.8bn dividend ahead of AGM

Leading engineering construction company, Julius Berger Nigeria Plc, has reported strong financial results for the 2025 financial year, recording significant growth in revenue and profitability as it prepares for its 56th Annual General Meeting (AGM) scheduled for June 18, 2026, in Abuja.

Details contained in the company’s latest annual report show that revenue rose by 34.1 per cent over the previous year, driven by increased activities across its key business segments and continued execution of major projects nationwide.

The company recorded a profit before tax of N40.95 billion, representing a 38.5 per cent increase from the N29.57 billion posted in 2024.

Profit after tax also rose substantially to N30.17 billion, underscoring the company’s strong operational performance and efficient project delivery during the year under review.

Shareholders are also set to benefit from the improved performance as the Board of Directors has recommended a final dividend of N4.25 per share, amounting to a total payout of N6.8 billion, subject to approval at the forthcoming AGM.

Julius Berger’s earnings per share climbed by 96 per cent to N18.69, compared with N9.54 recorded in the previous financial year, reflecting the company’s improved profitability and value creation for investors.

The construction giant attributed the strong performance to sustained growth across its major operating divisions, including civil engineering, building construction, services and diversification businesses.

During the year, the company continued work on several strategic infrastructure and building projects across the country, reinforcing its position as one of Nigeria’s leading construction and engineering firms.

In line with its long-term growth strategy, Julius Berger also expanded its regional presence with the establishment of a subsidiary in the Republic of Benin. The move is expected to strengthen the company’s footprint in West Africa and create new business opportunities beyond the Nigerian market.

The company also undertook measures aimed at enhancing operational efficiency and focusing on its core competencies. As part of this strategy, it approved the leasing of its cashew processing plant located in Epe, Lagos State, to a specialist operator in September 2025.

Management said the arrangement would ensure continued productivity at the facility while enabling the company to concentrate resources on its primary engineering, construction and infrastructure development activities.

With a robust balance sheet, strong technical capacity and an expanding regional presence, Julius Berger expressed confidence in its ability to sustain growth and secure additional projects in Nigeria and across the West African sub-region.

Industry analysts believe the company’s latest results reflect its resilience amid challenging economic conditions and position it favourably to benefit from growing infrastructure investments in Nigeria.

Shareholders are expected to review the financial performance, dividend proposal and strategic outlook for the business at the AGM later this month as the company seeks to build on its recent momentum.