One of the leading salt refiners in Nigeria, Nascon Allied Industries Plc, a subsidiary of Dangote Group, has recorded a 27 per cent spike in revenue for the 2025 financial year.
The financial statements of the company disclosed that earnings stood at N152.7 billion compared with the N120.4 billion achieved in 2024, driven by a robust demand for its salt and seasoning products and improved production stability.
This helped the firm to raise its gross profit by 33 per cent to N73.9 billion from N55.5 billion, as the profit after tax went up by 115 per cent to N33.5 billion from N15.6 billion, and the earnings per share grew by 115 per cent at N12.41, inspiring the board to jack up the dividend payout by 200 per cent at N6.00.
“It is a privilege to present the audited results of Nascon Allied Industries Plc for the year ended December 31, 2025,” the Managing Director, Mr Aderemi Saka, said.
“This year’s performance stands as a testament to our collective resilience and strategic discipline in navigating a demanding macroeconomic environment.
“Our commitment to operational excellence delivered the strongest bottom-line performance in our company’s recent history.
“Revenue grew by 27 per cent to N152.7 billion, reinforced by a robust demand for our salt and seasoning products and improved production stability, while gross profit rose by 33 per cent to N73.9 billion.
“Profit After Tax surged by 115 per cent to N33.5 billion, and this exceptional earnings growth translated into a 115 per cent increase in Earnings Per Share, now at N12.41.
“Reflecting this solid performance, the board is pleased to propose a dividend of N6.00 per share, representing a 200 per cent increase,” he added.
Mr Saka attributed the success of last year to “the 72 per cent expansion of our asset base to N135.3 billion, enabled largely by our strategic investment in new Compressed Natural Gas (CNG) trucks.
“This transition serves a dual purpose: protecting our operations from the volatility of diesel prices while significantly reducing our carbon footprint.
“By strengthening our logistics capabilities, we have enhanced operational independence and secured greater supply chain control, deepening the sustainability of our business model.”
“We concluded the year with a strong liquidity position, as cash and cash equivalents rose by 69 per cent to N41.6 billion, supported by operating cash flows of N43.9 billion.
“This financial strength gives us the capacity to continue investing in technology, infrastructure, and operational efficiency initiatives that will reinforce our market leadership,” he further stated.
“As we look ahead, we remain focused on increasing our market presence, strengthening operational resilience, and executing the long-term strategic initiatives that support sustainable growth.
“With a solid balance sheet and a committed workforce, we are well-positioned to continue delivering value to our shareholders and all stakeholders.
“I extend my sincere appreciation to our shareholders, customers, and employees for their unwavering support. As we move forward, I am optimistic about carrying this momentum into 2026 and beyond,” the MD disclosed.