NASCON Allied Industries Plc has distributed N6 per share dividend to shareholders for the 2025 financial year, following a strong earnings performance that saw profit after tax more than double to N33.5 billion.
Shareholders approved the dividend payout at the company’s 2025 Annual General Meeting (AGM) held in Lagos, commending the management for delivering improved results despite a challenging macroeconomic environment.
The payout marks about 200% increase over the previous year, the highest since NASCON’s listing on the Nigerian Exchange Limited, suggesting confidence in its financial strength and future growth trajectory.
The increased dividend distribution followed the company’s earnings growth underpinned by strong operational efficiency and disciplined cost management, which helped offset inflationary pressures and economic volatility.
According to the Managing Director, Mrs. Aderemi Saka, these measures were central to margin expansion.
Chairman of the Board of Directors, Mr. Olakunle Alake described the results as the best in the company’s history.
Looking ahead, the Management reaffirmed its commitment to sustaining growth momentum into 2026, with a focus on deeper cost optimisation across operations
Director Tonya Lawani noted that the company is entering the new financial year from a position of strength, with opportunities for further expansion.
Shareholders expressed strong confidence in the company’s outlook, citing consistent value creation and improving market performance.
He commended the Board and management for delivering superior returns and positioning the company for sustained growth.
NASCON Allied Industries Plc is a leading player in Nigeria’s consumer goods manufacturing sector, with a strong presence in the salt and seasoning market.
With its robust financial performance and forward-looking strategy, NASCON continues to strengthen its position as a key value creator on the Nigerian Exchange Limited.
