Berger Paints Q3 profit up 15% to ₦1.68bn, declares 50 kobo interim dividend
Berger Paints Nigeria Plc posted a 14.8% jump in nine-month pre-tax profit to ₦1.68 billion for the period ended September 30, 2026, according to its unaudited financial statements. The company also declared an interim dividend of 50 kobo per share (₦144.91 million total), with qualification date set for November 12 and electronic payment scheduled for November 20 to shareholders who have completed e-dividend registration.
Revenue grew 7.4% to ₦10.01 billion, but the real story is in margins: gross profit surged 26.6% to ₦5.22 billion as cost of sales fell 7.8% despite higher revenue. Gross margin expanded sharply to 52.1% from 44.2% a year ago. However, administrative expenses ballooned 60.5% to ₦3.46 billion, muting operating profit growth to just 5.3% at ₦1.52 billion. Net finance income provided a strong boost, rising to ₦163.39 million from ₦23.40 million.
On the balance sheet, total assets reached ₦9.64 billion (up 6.3%), cash grew to ₦384.72 million, and borrowings were nearly halved to ₦110.54 million. The share price closed September at ₦147.60, a staggering 207.5% year-to-date gain from ₦48.
If you hold Berger shares, confirm your e-dividend registration is active before November 12 to receive the 50 kobo payment. The margin improvement signals operational efficiency, but watch whether rising admin costs persist into Q4. With the stock up 207% this year, are you taking profits or betting on sustained margin expansion?