Industrial & Medical Gases Nigeria Plc has announced a final dividend of N0.50 for every ordinary share of 50 kobo held by members listed on the company’s register as of 4 June 2026.
The dividend, for the financial year ended 31 December 2025, is subject to shareholder approval and withholding tax before being paid electronically on 24 June 2026.
Shareholders are expected to approve the proposed payout and consider other company matters at the Annual General Meeting scheduled to hold on 19 June 2026.
The latest dividend represents a 37.5% decline from the N0.80 payout declared for the 2024 financial year, mirroring softer profitability in 2025.
What the data is saying
According to data from the Nigerian Exchange, the proposed final dividend of N0.50 per share amounts to N340.6 million based on the company’s outstanding 681.11 million units.
- The proposed payout translates to a 34.41% payout ratio on net profit of N989.8 million for 2025, alongside a 1.18% dividend yield at current share price of N42.30.
Compared to the previous year, when the company paid a final dividend of N0.80, the N0.50 represents a reduction, mirroring the decline in FY2025 profits, with pretax profit narrowing to N1.5 billion from N2.4 billion.
The decline was largely driven by a net foreign exchange loss of N109.9 million, compared to a N1.2 billion foreign exchange gain recorded in 2024, which weighed on bottom-line earnings despite a stable revenue base.
- At the top line, revenue stood at N8.3 billion, supported mainly by gas sales of N8.08 billion, alongside N158.1 million from gas equipment rentals and additional contributions from engineering services.
On the balance sheet, the stronger equity position provided some cushion, with total equity rising to N11.8 billion from N5.9 billion, supported by retained earnings of N5.8 billion, which grew 10.65% year-on-year.
Get up to speed
In late June 2025, Industrial & Medical Gases Nigeria Plc received shareholder approval to raise N6 billion through a rights issue comprising 199,797,458 ordinary shares of 50 kobo each, priced at N32 per share.
As stated by the company’s Chairman, Aminu Ado, the capital raise is intended to improve liquidity, reduce debt, and strengthen the balance sheet, while also allowing shareholders to increase their equity stake and support the company’s next phase of growth.
According to its FY2025 results, total liabilities narrowed to N2.9 billion from N8.9 billion in 2024, as loans and borrowings fell from N1.4 billion to N135.6 million, alongside a reduction in other obligations.
On the asset side, total assets stood at N14.7 billion, with property, plant and equipment accounting for the largest share at N9.6 billion.
What you should know
- Earnings strengthened in the first quarter of 2026, with revenue rising slightly to N2.14 billion from N2.13 billion in the same period last year.
- Pretax profit for the quarter grew by 2.15% year-on-year to N406.6 million from N398.1 million, supported by lower foreign exchange losses and the absence of finance costs.
- On the Nigerian Exchange, shares of Industrial & Medical Gases Nigeria Plc (IMG) have returned over 32% year-to-date, trading at N42.30 ahead of the 13 May market open.
