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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Berger Paints

BERGER · Nigerian Exchange · Consolidated statements

On this page
Company details
Legal name
Berger Paints Nigeria Plc
Listing
BERGER on the Nigerian Exchange, active · ISIN NGBERGER0000 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · audited financial statements, signed / final · source

  • Revenue

    NGN 13.0 billion

    12,990,871 NGN thousands · p28

    +19.9% vs 2024

  • Operating profit / (loss)

    NGN 2.35 billion

    2,345,148 NGN thousands · p28

    +109.5% vs 2024

  • Profit / (loss) for the year

    NGN 1.57 billion

    1,570,624 NGN thousands · p28

    +157.1% vs 2024

  • Total assets

    NGN 9.07 billion

    9,067,155 NGN thousands · p27

    +20.6% vs 2024

  • Total equity

    NGN 4.99 billion

    4,993,183 NGN thousands · p27

    +30.4% vs 2024

  • Cash from operations

    NGN 2.70 billion

    2,698,559 NGN thousands · p30

    +975.8% vs 2024

Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — audited financial statements, signed / final; reported for the year · source
  • FY2024 — audited financial statements, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, NGN thousands. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Revenue 12,990,871 10,831,911
Cost of sales (7,270,616) (6,987,936)
Gross profit 5,720,255 3,843,975
Other income 61,731 127,167
Selling and distribution expenses (713,950) (689,600)
Administrative expenses (2,722,887) (2,158,490)
Operating profit before impairment charges 2,345,148 1,123,052
Impairment loss on trade receivables –1 (3,778)
Operating profit 2,345,148 1,119,274
Finance income 181,328 41,611
Finance costs (83,382) (32,079)
Net finance income2 97,946 9,532
Profit before income tax 2,443,094 1,128,806
Income tax expense (872,471) (517,944)
Profit for the year 1,570,624 610,862
Total comprehensive income for the year 1,570,624 610,862
  1. Printed “-”, read as nil: subtotal_arithmetic: is.operating_profit.
Notes and alternative reported figures (1)
  1. “Net finance income” is an issuer-specific line, not mapped to a shared definition: Printed subtotal of finance income and finance costs.

Balance sheet

Balance sheet, NGN thousands. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Property, plant and equipment 2,673,521 2,594,128
Right of Use asset 251,173 18,402
Intangible assets 96,783 40,715
Investment property 309,961 321,211
Investment in Subsidiary1 –2 –2
Non-current assets (unlabelled subtotal) 3,331,437 2,974,455
Inventories 2,753,295 3,302,139
Trade and other receivables 468,985 426,206
Prepayments and advances3 174,667 134,363
Other financial assets4 1,981,146 446,983
Cash and cash equivalents 357,625 237,189
Current assets (unlabelled subtotal) 5,735,718 4,546,881
Total assets 9,067,155 7,521,336
Share capital 144,912 144,912
Share premium 635,074 635,074
Retained earnings 4,213,198 3,048,350
Total equity 4,993,183 3,828,336
Loans and borrowings 121,132 219,989
Financial derivative5 109,871 –6
Deferred income7 39,428 83,772
Deferred taxation 571,981 539,925
Non-current liabilities (unlabelled subtotal) 842,411 843,687
Loans and borrowings 98,858 117,971
Financial derivative8 128,322 –9
Current tax liabilities 793,435 485,792
Trade and other payables 2,055,475 1,851,509
Deferred income10 26,738 31,285
Dividend payable 128,732 362,757
Current liabilities (unlabelled subtotal) 3,231,560 2,849,313
Total liabilities 4,073,971 3,693,000
Total equity and liabilities 9,067,155 7,521,336
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (7)
  1. “Investment in Subsidiary” is an issuer-specific line, not mapped to a shared definition: Note 27 (Company columns; nil for the Group).
  2. “Prepayments and advances” is an issuer-specific line, not mapped to a shared definition: Note 18.
  3. “Other financial assets” is an issuer-specific line, not mapped to a shared definition: Note 20: unclaimed dividend invested and deposits with financial institutions (current).
  4. “Financial derivative” is an issuer-specific line, not mapped to a shared definition: Note 24.2.
  5. “Deferred income” is an issuer-specific line, not mapped to a shared definition: Note 23.1.
  6. “Financial derivative” is an issuer-specific line, not mapped to a shared definition: Note 24.4.
  7. “Deferred income” is an issuer-specific line, not mapped to a shared definition: Note 23.2.

Cash flow

Cash flow, NGN thousands. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Cash generated from operating activities 3,231,246 461,143
WHT credit notes utilised1 (50,179) (129,911)
Tax paid (482,507) (80,394)
Net cash generated from operating activities 2,698,559 250,838
Purchase of property plant and equipment (328,419) (310,342)
- Transfer from right of use assets2 (182,405) –3
Additions to motor vehicles under lease4 (274,007) (55)
Additions to investment property5 (9,807) –3
Acquisition of Intangible assets (71,667) (33,862)
Proceeds from sale of property, plant and equipment 9,838 6,371
Acquisition of other financial assets6 (1,534,049) (189,861)
Finance income7 181,328 41,611
Net cash used in investing activities (2,209,188) (486,138)
Repayment of borrowings (117,970) (7,258)
Interest paid8 (83,382) (32,079)
Financial Derivatives obtained in the year9 238,192 –10
Dividend paid (405,776) (290,460)
Net cash used in financing activities (368,935) (329,797)
Net decrease in cash and cash equivalents 120,436 (565,097)
Cash and cash equivalents at 1 January 237,189 802,286
Cash and cash equivalents at 31 December 2025 357,625 237,189
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (8)
  1. “WHT credit notes utilised” is an issuer-specific line, not mapped to a shared definition: Note 10.3; withholding-tax credit notes applied, operating activities.
  2. “- Transfer from right of use assets” is an issuer-specific line, not mapped to a shared definition: Note 13.3; investing activities.
  3. “Additions to motor vehicles under lease” is an issuer-specific line, not mapped to a shared definition: Note 13.3; investing activities.
  4. “Additions to investment property” is an issuer-specific line, not mapped to a shared definition: Note 15; investing activities.
  5. “Acquisition of other financial assets” is an issuer-specific line, not mapped to a shared definition: Note 20; investing activities.
  6. “Finance income”: mapping to a shared definition is uncertain. Printed as 'Finance income' in investing activities, equal to finance income in profit or loss; the statement does not say it is interest received in cash.
  7. “Interest paid”: mapping to a shared definition is uncertain. One line for interest paid, equal to finance costs in profit or loss; whether it includes lease interest is not stated.
  8. “Financial Derivatives obtained in the year” is an issuer-specific line, not mapped to a shared definition: Note 24.4; financing activities.

Per share and shares

Per share and shares. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Earnings / (loss) per share (per share)3 5.421 2.112
  1. Printed as 542 kobo; value converted to NGN at 100 kobo = 1 NGN.
  2. Printed as 211 kobo; value converted to NGN at 100 kobo = 1 NGN.
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic and diluted earnings per share (kobo)”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Dividend paid (405,776) NGN thousands Audited financial statements, p30
31 Dec 2024 Dividends paid (cash flow statement) Dividend paid (290,460) NGN thousands Audited financial statements, p30

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Berger Paints Nigeria Plc Audited Consolidated and Separate Financial Statements for the year ended 31 December 2025

    Year ended 31 December 2025 · Audited financial statements · signed / final

    Audit: PKF Professional Services (Chartered Accountants), unmodified opinion · signed

    Auditor's sign-off: Benson O. Adejayan, FCA, for PKF Professional Services

    Final status: Independent auditor's report (image-only scan) signed by Benson O. Adejayan, FCA (FRC/2013/PRO/ICAN/004/00000002226) for PKF Professional Services, dated 26 March 2026, with the ICAN seal (PDF p26, page image; opinion on PDF p23). Statements approved by the board on 26 March 2026 and signed by the chairman (Abi Ayida), the group managing director (Alaba Fagun) and the chief finance officer (Adeleke Adeniyi) (PDF p27, page image).

    Document date
    26 Mar 2026
    Auditor's report
    26 Mar 2026
    Board approval
    26 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · NGN thousands (printed “N'000”)
    • The directory lists the issuer as 'BERGER PAINTS PLC'; the document prints 'BERGER PAINTS NIGERIA PLC' throughout (cover and statement headings, PDF pp1, 27-30) and the auditor addresses 'the Shareholders of Berger Paints Nigeria Plc' (PDF p23). The NGX disclosure is filed under Berger Paints; no registration number is printed on the statement pages.
    • Cash-flow subtotals differ by 1 from the sum of their printed lines in 2025: net cash from operating activities 2,698,559 against 3,231,246 - 50,179 - 482,507 = 2,698,560; net cash used in financing activities (368,935) against (117,970) - 83,382 + 238,192 - 405,776 = (368,936). Kept as printed (rounding).
    • Non-current asset, current asset, non-current liability and current liability subtotals are printed without labels (p27). No other comprehensive income is printed (heading only, p28).
    • The auditor's report (PDF pp23-26) and the internal-control attestation (PDF pp21-22) are image-only scans without a text layer; the opinion and signature were read on the page images.
    • Earnings per share is printed in kobo (basic and diluted 542; 2024: 211; p28); stored in naira with the printed figure and unit kept.
    Technical details
    File
    80 pages, with a text layer
    SHA-256
    35be13a49efd429d1f4dda5b2887003717b53f85d62cf60c32f0baf041b2fc1c
    Entity as printed
    Berger Paints Nigeria Plc and it's subsidiary ("the Group")
    Exchange copy
    retrieved 2026-10-08T17:59:32Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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