Berger Paints Nigeria Plc (NGX:BERGER)

Berger Paints Nigeria Income Statement

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	13,404	12,991	10,832	7,968	6,332	4,965
Revenue Growth (YoY)	17.62%	19.93%	35.95%	25.84%	27.53%	29.37%
Cost of Revenue	7,389	7,271	6,988	5,259	4,326	3,382
Gross Profit	6,015	5,720	3,844	2,708	2,005	1,583
Selling, General & Admin	3,543	3,437	2,848	2,085	1,700	1,452
Other Operating Expenses	-58.6	-51.89	-120.78	-65.29	-60.32	-43.41
Operating Expenses	3,485	3,385	2,731	1,976	1,652	1,417
Operating Income	2,530	2,335	1,113	732.58	353.81	165.64
Interest Expense	-94.92	-83.38	-32.08	-28.42	-15.55	-35.63
Interest & Investment Income	171.61	137.15	11.97	40.58	15.48	16.1
Currency Exchange Gain (Loss)	0.77	-	-1.64	-	-0.62	7.96
Other Non Operating Income (Expenses)	44.18	44.18	31.29	12.88	2.45	2.79
EBT Excluding Unusual Items	2,652	2,433	1,122	757.62	355.58	156.85
Gain (Loss) on Sale of Assets	9.84	9.84	6.37	18.51	-	21.24
Pretax Income	2,666	2,443	1,129	776.32	355.58	178.09
Income Tax Expense	948.75	872.47	517.94	330.99	146.91	42.45
Net Income	1,718	1,571	610.86	445.33	208.67	135.64
Net Income to Common	1,718	1,571	610.86	445.33	208.67	135.64
Net Income Growth	120.10%	157.12%	37.17%	113.41%	53.85%	-7.12%
Shares Outstanding (Basic)	290	290	290	290	290	290
Shares Outstanding (Diluted)	290	290	290	290	290	290
EPS (Basic)	5.93	5.42	2.11	1.54	0.72	0.47
EPS (Diluted)	5.93	5.42	2.11	1.54	0.72	0.47
EPS Growth	120.04%	157.12%	37.17%	113.41%	53.85%	-7.12%
Free Cash Flow	3,059	2,370	-59.5	108.36	526.75	170.83
Free Cash Flow Per Share	10.56	8.18	-0.20	0.37	1.82	0.59
Dividend Per Share	1.650	1.650	1.200	1.000	0.700	0.400
Dividend Growth	37.50%	37.50%	20.00%	42.86%	75.00%	-
Gross Margin	44.88%	44.03%	35.49%	33.99%	31.67%	31.88%
Operating Margin	18.88%	17.98%	10.27%	9.20%	5.59%	3.34%
Profit Margin	12.81%	12.09%	5.64%	5.59%	3.30%	2.73%
Free Cash Flow Margin	22.82%	18.25%	-0.55%	1.36%	8.32%	3.44%
EBITDA	2,808	2,624	1,364	926.32	552.59	368.03
EBITDA Margin	20.95%	20.20%	12.59%	11.63%	8.73%	7.41%
D&A For EBITDA	277.9	288.29	250.9	193.74	198.78	202.4
EBIT	2,530	2,335	1,113	732.58	353.81	165.64
EBIT Margin	18.88%	17.98%	10.27%	9.20%	5.59%	3.34%
Effective Tax Rate	35.58%	35.71%	45.88%	42.63%	41.32%	23.84%
Advertising Expenses	-	261.7	233.91	158.79	76.87	65.27

Source: S&P Global Market Intelligence. Standard template. Financial Sources.