NASCON Allied Industries Plc has distributed N6 per share dividend to shareholders for the 2025 financial year, following a strong earnings performance that saw profit after tax more than double to N33.5 billion.
Shareholders approved the dividend payout at the company’s 2025 Annual General Meeting (AGM) held in Lagos, commending the management for delivering improved results despite a challenging macroeconomic environment.
The payout marks about 200% increase over the previous year, the highest since NASCON’s listing on the Nigerian Exchange Limited, suggesting confidence in its financial strength and future growth trajectory.
What drove the performance:
The increased dividend distribution followed the company’s earnings growth underpinned by strong operational efficiency and disciplined cost management, which helped offset inflationary pressures and economic volatility.
- Profit after tax surged by over 100% to N33.5 billion
- Earnings per share (EPS) rose by 115% to 1,241 kobo, from 577 kobo
- Revenue grew by 27% year-on-year, reflecting improved market penetration
- Management highlighted a series of strategic initiatives that contributed to improved profitability and operational resilience.
- The company expanded its use of cleaner and cheaper energy sources, deploying Compressed Natural Gas (CNG) trucks within its logistics operations to reduce fuel costs.
- In addition, its largest salt refinery facility now operates on natural gas, enhancing efficiency while supporting sustainability goals.
According to the Managing Director, Mrs. Aderemi Saka, these measures were central to margin expansion.
More insights
Chairman of the Board of Directors, Mr. Olakunle Alake described the results as the best in the company’s history.
- “The operating environment in 2025 was characterised by economic volatility and persistent inflation, yet NASCON remained resilient and strategically focused, delivering outstanding value to shareholders,” he said.
- “Our performance reflects disciplined execution, strong cost control, and a clear strategic vision across production, logistics, and fleet management,” the MD, Mrs. Aderemi Saka, stated.
Looking ahead, the Management reaffirmed its commitment to sustaining growth momentum into 2026, with a focus on deeper cost optimisation across operations
- Expanded market penetration, increased energy diversification and sustainability initiatives and accelerated digital transformation and process automation.
Director Tonya Lawani noted that the company is entering the new financial year from a position of strength, with opportunities for further expansion.
Shareholder reaction
Shareholders expressed strong confidence in the company’s outlook, citing consistent value creation and improving market performance.
- Speaking on behalf of investors, Dr. Faruk Umar, pointed to NASCON’s rising share price, which recently crossed the N100 mark, as evidence of growing investor confidence.
He commended the Board and management for delivering superior returns and positioning the company for sustained growth.
What you should know
NASCON Allied Industries Plc is a leading player in Nigeria’s consumer goods manufacturing sector, with a strong presence in the salt and seasoning market.
- The company reported a pre-tax profit of N48.2 billion in its audited financial statement for the period ended December 31, 2025.
- This represents a 103.98% year-on-year increase from N23.6 billion in 2024, driven by strong revenue growth, solid finance income, and lower costs.
- Full-year revenue rose to N152.6 billion, up 26.83% from N120.3 billion, with salt sales accounting for 92.46% of total revenue.
- After administrative expenses of N8.9 billion, operating profit settled at N42.8 billion, up from N23.03 billion in the previous year while profit after tax settled at N33.5 billion after N14.7 billion in tax.
- Earnings per share (EPS) rose sharply by 115%, to N12.41 from N5.77 in the previous year, with the board proposing a dividend of N6 per share, up from N2 in 2024.
- The stock price closed at its last trading day (Monday, April 27, 2026) at N206.90 per share on the Nigerian Exchange (NGX).
- National Salt began the year with a share price of N107.50 and has since gained 92.5% on that price valuation, ranking it 24th on the NGX in terms of year-to-date performance.
With its robust financial performance and forward-looking strategy, NASCON continues to strengthen its position as a key value creator on the Nigerian Exchange Limited.
