Julius Berger Dividend Rises 150% on 2025 Earnings Beat
Julius Berger Nigeria Plc boosted shareholders’ wealth with a 150% year-on-year increase in dividends following a strong earnings beat in the financial year 2025.
The company’s gross earnings rose by 34.09% year-on-year to ₦759.9 billion from ₦566.7 billion, spurred by accelerated project execution and improved operational efficiency.
The company’s share price remained flattish despite improved earnings performance in 2025, reflecting tightened sentiment even with sizeable proposed dividends.
In 2025, Julius Berger’s revenue growth was supported by the resilience of its core operations, with gross profit rising significantly by 67.6% to ₦119 billion from ₦71.46 billion.
Its profitability strengthened markedly during the year, according to analysts’ review, with earnings before tax rising by 38.47% to ₦40.95 billion.
Analysts at Cowry Asset Limited said the growth was largely underpinned by a significant surge in other gains and income from operating activities, which climbed to ₦29.9 billion from ₦12.7 billion in the prior year.
Julius Berger almost doubled its net income in 2025, reflecting improved topline and well-managed operating expenses. Profit after tax increased by 94.54% to ₦30.2 billion in 2025, well above the ₦15.5 billion recorded in the financial year 2024.
Analysts said this improved performance also translated into higher earnings per share, which rose to ₦18.69 from ₦9.54, indicating stronger returns to shareholders on a per-share basis.
Across key metrics, performance remained robust, particularly on profitability. Return on Equity improved to 10.5% from 4.3%, while Return on Assets increased to 2.8% from 1.5% as management efficiently uses both shareholder funds and total assets.
Regarding shareholder returns, the board declared a final dividend of ₦4.25 per share. This brings the total dividend for the financial year to ₦7.50 per share from ₦3.00 per share.
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