WATCH THE VIDEO HERE Julius Berger has reported a pre-tax profit of N5.9 billion for the first quarter ended 31st March 2025, reflecting a decline of 64.68% compared to N16.7 billion reported in Q1 2024. Although the company’s revenue increased by 62.80% to N180.5 billion, the cost of sales, amounting to N153.1 billion, coupled with foreign exchange losses, contributed to an overall decline in profitability. Furthermore, despite the rise in cost of sales, the company successfully recorded a gross profit of N27.4 billion, representing a 30.69% increase from N20.9 billion in Q1 2024. Less favorably, administrative expenses escalated to N22.6 billion, marking a 46.42% increase. Furthermore, ‘other gains’ declined from N9.6 billion in Q1 2024 to N75.2 million. As a result, operating profits fell from N13.2 billion in Q1 2024 to N3.1 billion in Q1 2025, down by 76.53%. Investment income also took a hit, dropping from N4.5 billion in Q1 2024 to N3.7 billion, reflecting a decrease of 17.52%. On a more positive note, the balance sheet remained robust, with total assets rising to N1.05 trillion, a solid increase of 37.31%. Retained earnings also grew by 6.21%, reaching N62.6 billion. Key Highlights As of the trading day ended 30th April 2025, shares of the company were priced at N137.00, reflecting a YtD loss of 11.76%.
Julius Berger battles rising costs and FX loss in Q1 2025, reports 64.6% pre-tax profit decline
