Berger Paints Nigeria Plc has released its H1 financial statement, reporting a pre-tax profit of N1.20 billion for the six months ended June 30, 2026.

This represents an increase of 27 per cent from N945.82 million recorded in the corresponding period of 2025.

The result, filed on the Nigerian Exchange on Friday, July 31, 2026, reflects continued growth in the company’s core paint business despite higher administrative costs.

Revenue stood at N6.97 billion, up 13 per cent year-on-year from N6.16 billion.

Gross profit rose to N3.12 billion, up 15 per cent year-on-year from N2.72 billion.

Operating profit climbed to N1.10 billion, up 18 per cent year-on-year from N928.83 million.

Pre-tax profit reached N1.20 billion, up 27 per cent year-on-year from N945.82 million.

Profit after tax came in at N789.10 million, up 26 per cent year-on-year from N624.64 million.

Earnings per share stood at 272 kobo, up 26 per cent year-on-year from 216 kobo.

Total equity grew to N5.41 billion, up year-on-year from N5.28 billion.

Berger Paints delivered double-digit revenue growth during the first half of 2026, with revenue rising 13 per cent to N6.97 billion from N6.16 billion in the corresponding period of 2025.

The growth was driven by increased sales of paints and allied products, which remain the company’s primary source of revenue.

Gross profit grew faster than revenue, increasing 15 per cent to N3.12 billion.

This indicates that the company maintained relatively healthy pricing and production efficiency despite inflationary pressures affecting manufacturing businesses.

Cost of sales increased to N3.84 billion from N3.44 billion, but the growth in sales was sufficient to expand gross earnings.

Operating profit rose 18 per cent to N1.10 billion even though administrative expenses increased sharply to N1.88 billion from N1.44 billion.

The increase in overheads partly reflects higher personnel, depreciation and operating costs during the period.

Selling and distribution expenses, however, declined significantly to N200.26 million from N374.84 million, supporting overall profitability.

Finance income provided an additional boost to earnings.

Net finance income increased to N105.10 million from N16.99 million in the prior-year period, supported by gains on financial liabilities measured at amortised cost and higher interest income.

Finance costs remained modest at N42.21 million, allowing a larger portion of operating profit to flow through to the bottom line.

On the balance sheet, liquidity improved materially.

Cash and cash equivalents rose to N628.88 million from N238.26 million at the beginning of the year.

The company generated positive operating cash flow while keeping capital expenditure relatively moderate.

During the period, it also paid dividends amounting to N386.36 million and continued repayment of borrowings.

Total external debt stood at approximately N1.24 billion, comprising Bank of Industry facilities and lease obligations disclosed in the notes.

Total assets stood at approximately N9.7 billion.

Cash balance stood at N628.88 million, up 76 per cent from N357.63 million at December 2025.

Berger Paints’ share price closed at N147.60 as of July 31, 2026, a 207.5 per cent gain from the N48 it closed at the end of 2025.

The share price has stayed put at N147.60 since May 21, 2026.

The H1 performance built on a strong Q1 result where the company reported a pre-tax profit of N693.1 million.

The performance was driven by stronger revenue generation, with quarterly sales rising to N3.3 billion from N2.9 billion, as paint and allied products accounted for 99 per cent of total sales.

Apart from revenue, operating expenses were well managed, alongside other income and a net finance income which rose to N29.9 million from N6.2 million, contributing to bottom-line profitability.