Skip to content
The African Exponent DATA
Resources

Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text; read from the page image) (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

Julius Berger

JBERGER · Nigerian Exchange · Consolidated statements

On this page
Company details
Legal name
Julius Berger Nigeria Plc
Listing
JBERGER on the Nigerian Exchange, active · ISIN NGJBERGER009 (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 760 billion

    759,873,096 NGN thousands · p26

    +34.1% vs 2024

  • Operating profit / (loss)

    NGN 29.9 billion

    29,912,174 NGN thousands · p26

    +135.5% vs 2024

  • Profit / (loss) for the year

    NGN 30.2 billion

    30,167,611 NGN thousands · p26

    +94.5% vs 2024

  • Total assets

    NGN 1.08 trillion

    1,080,664,285 NGN thousands · p27

    +5.6% vs 2024

  • Total equity

    NGN 288 billion

    288,211,111 NGN thousands · p27

    −16.6% vs 2024

  • Cash from operations

    NGN 33.5 billion

    33,526,532 NGN thousands · p30

    Change not shown.

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.

Not shown: the prior-year figure is zero or negative.

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 759,873,096 566,705,461
Cost of sales (640,042,653) (495,240,033)
Gross profit 119,830,443 71,465,428
Marketing expenses1 (402,088) (872,648)
Administrative expenses (98,847,531) (74,385,337)
Increase in impairment loss on financial assets (36,082,653) (9,101,171)
Other net gains2 45,414,003 25,594,904
Operating profit 29,912,174 12,701,176
Investment income3 16,389,765 20,254,132
Finance cost (5,351,654) (3,382,623)
Profit before tax 40,950,285 29,572,685
Income tax expense (10,782,674) (14,065,892)
Profit for the year 30,167,611 15,506,793
Non-controlling interests4 259,827 247,066
Sum of other comprehensive (loss)/income (82,412,216) 228,647,768
Total comprehensive (loss)/income (52,244,605) 244,154,561
Notes and alternative reported figures (4)
  1. “Marketing expenses” is an issuer-specific line, not mapped to a shared definition: Printed as one line (note 43).
  2. “Other net gains” is an issuer-specific line, not mapped to a shared definition: Printed as one line within operating profit (note 10).
  3. “Investment income” is an issuer-specific line, not mapped to a shared definition: Printed below operating profit (note 9: interest and dividend income).
  4. “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Attribution of profit.

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 301,007,781 279,513,280
Right of use assets 32,921,649 34,616,882
Goodwill1 20,179,905 36,168,435
Other Intangible assets2 11,451,608 1,319,981
Investment properties 2,566,466 461,604
Other financial assets3 –4 494,292
Trade and other receivables5 50,251,861 84,848,000
Tax receivable6 13,884,243 16,367,635
Deferred tax assets 28,702,355 13,379,617
Total non-current assets 460,965,868 467,169,726
Inventories 92,251,130 93,591,046
Trade and other receivables 207,750,620 180,475,895
Tax receivable 37,957,003 24,135,576
Contract assets 89,055,416 92,797,040
Other financial assets3 –7 1,238,116
Cash and cash equivalents 192,147,492 162,381,331
Current assets before held for sale (unlabelled subtotal)8 619,161,661 554,619,004
Non-current assets held for sale9 536,756 1,246,155
Total current assets 619,698,417 555,865,159
Total assets 1,080,664,285 1,023,034,885
Share capital 800,000 800,000
Share premium 425,440 425,440
Other Reserves10 45,400,361 101,879,800
Revaluation surplus 157,590,934 183,523,711
Retained earnings 83,498,810 58,791,026
Equity attributable to owners of the Company 287,715,545 345,419,977
Non-controlling interests 495,566 359,739
Total equity 288,211,111 345,779,716
Borrowings –11 –11
Deferred tax liabilities 100,451,360 50,084,189
Contract liabilities 495,035,621 456,610,031
Retirement benefit liabilities 2,210,093 3,329,619
Lease liabilities 30,013,033 32,629,078
Provisions 3,292,870 5,230,037
Total non-current liabilities 631,002,977 547,882,954
Contract liabilities12 34,204,061 27,914,326
Bank overdrafts 12,931,445 4,608,876
Retirement benefit liabilities13 231,362 38,172
Trade and other payables 84,134,402 74,519,945
Lease liabilities 5,826,452 4,926,821
Current tax payable 24,122,475 17,364,075
Total current liabilities 161,450,197 129,372,215
Total liabilities 792,453,174 677,255,169
Total equity and liabilities 1,080,664,285 1,023,034,885
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.native.co_jtec6ps0kqeg.current_assets_before_held_for_sale.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
Notes and alternative reported figures (10)
  1. “Goodwill”: mapping to a shared definition is uncertain. Goodwill printed separately from other intangible assets (note 19.1).
  2. “Other Intangible assets” is an issuer-specific line, not mapped to a shared definition: Intangible assets other than goodwill (note 19.2).
  3. “Other financial assets” is an issuer-specific line, not mapped to a shared definition: Note 21.2.
  4. “Trade and other receivables” is an issuer-specific line, not mapped to a shared definition: Note 24.
  5. “Tax receivable” is an issuer-specific line, not mapped to a shared definition: Note 25.
  6. “Current assets before held for sale (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal printed after cash and cash equivalents, before non-current assets held for sale (p27).
  7. “Non-current assets held for sale” is an issuer-specific line, not mapped to a shared definition: Note 17.
  8. “Other Reserves” is an issuer-specific line, not mapped to a shared definition: Printed equity line.
  9. “Contract liabilities” is an issuer-specific line, not mapped to a shared definition: Note 23; printed under current liabilities.
  10. “Retirement benefit liabilities” is an issuer-specific line, not mapped to a shared definition: Note 30.1.

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 receipts from customers1 842,508,965 630,244,396
Cash paid to suppliers and employees2 (800,286,934) (675,478,313)
Cash provided by operating activities 42,222,031 (45,233,917)
Cash paid for taxes (8,695,499) (1,356,488)
Net cash generated by/(used in) operating activities 33,526,532 (46,590,405)
Purchase of property, plant and equipment (17,361,004) (6,987,392)
Investment in subsidiaries3 –4 –4
Addition to other financial assets5 730,840 –4
Addition to intangible assets work in progress (1,441,137) –4
Interest received 16,389,765 20,254,132
Dividend received6 –4 –4
Proceeds from disposal of property, plant and equipment 11,023,336 18,575,780
Net cash generated from investing activities 9,341,800 31,842,520
Term loan7 –8 (6,397,020)
Payment of lease liabilities (8,131,020) (6,640,455)
Interest paid9 (5,351,654) (3,382,623)
Dividends paid (5,324,000) (4,843,000)
Net cash used in financing activities (18,806,674) (21,263,098)
Net increase in cash and cash equivalents 24,061,658 (36,010,982)
Cash and cash equivalents at 1 January 157,772,455 160,008,804
Effect of foreign exchange rate changes (2,618,066) 33,774,633
Cash and cash equivalents at 31 December 179,216,047 157,772,455
  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 (7)
  1. “Cash receipts from customers” is an issuer-specific line, not mapped to a shared definition: Direct-method operating cash line.
  2. “Cash paid to suppliers and employees” is an issuer-specific line, not mapped to a shared definition: Direct-method operating cash line.
  3. “Investment in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Investing cash line (note 21.1).
  4. “Addition to other financial assets” is an issuer-specific line, not mapped to a shared definition: Investing cash line (note 21.2); printed positive for 2025.
  5. “Dividend received” is an issuer-specific line, not mapped to a shared definition: Investing cash line (note 9).
  6. “Term loan”: mapping to a shared definition is uncertain. Printed 'Term loan' under financing activities: a repayment (2024: (6,397,020)); 2025 prints a dash.
  7. “Interest paid”: mapping to a shared definition is uncertain. Printed 'Interest paid' (equal to the finance cost in profit or loss); not split between borrowings and leases.

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)1 18.69 9.54
Profit / (loss) attributable to shareholders (NGN thousands)2 29,907,784 15,259,727
Notes and alternative reported figures (2)
  1. Earnings / (loss) per share: printed as “Basic earnings per share (N)”.
  2. Profit / (loss) attributable to shareholders: printed as “Owners of the company”.

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) Dividends paid (5,324,000) NGN thousands Audited financial statements, p30
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid (4,843,000) 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.

  • Audited Consolidated and Separate Financial Statements for the year ended 31 December 2025

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

    Audit: PricewaterhouseCoopers (Chartered Accountants), Lagos, unmodified opinion · signed

    Auditor's sign-off: Tolulope Adeleke, engagement partner, for PricewaterhouseCoopers

    Final status: Independent auditor's report to the members of Julius Berger Nigeria Plc by PricewaterhouseCoopers (engagement partner Tolulope Adeleke, FRC/2014/PRO/ICAN/004/00000008319), unmodified opinion (p21), hand-signed with an ICAN seal and dated 31 March 2026 (p25, page image). The statements were approved by the directors on 26 March 2026 and signed by the Managing Director and the Executive Director, Finance (p27, scanned page image).

    Document date
    31 Mar 2026
    Auditor's report
    31 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 five-year summary (p112) prints 2025 total equity 288,211,110, revaluation surplus 157,590,935, retained earnings 83,498,809 and NCI 495,565 against 288,211,111, 157,590,934, 83,498,810 and 495,566 on the statement of financial position (p27); the p27 figures are used.
    Technical details
    File
    115 pages, with a text layer
    SHA-256
    f2f7c7b7021778b1e9d7abd2ca0328d45e49ec9391e8dda006daf8bd21965afb
    Entity as printed
    Julius Berger Nigeria Plc (RC: 6852)
    Note
    PDF pp12-18 and p27 (statement of financial position) are scanned images without a text layer. Apple Vision OCR of p27 misreads most cells, so every Group value on p27 was read on 400-600 dpi renders (visual_only). The scan is low-resolution: digits 3/5/8 and 6/8 are hard to tell apart, and two first readings (investment properties '2,366,466', non-current trade and other receivables '30,251,861') were corrected to 2,566,466 and 50,251,861 after the printed subtotal failed to add; both readings agree with the five-year summary (text layer, p112), and every line value read on p27 also appears in the document's text layer (notes, five-year summary, cash flow). All subtotals and totals add exactly. A person should re-check p27 against the render. No hidden text-layer figures were found.
    Exchange copy
    retrieved 2026-10-08T17:59:51Z

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; read from the page image) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

Download

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.

· Company methodology and coverage