CAP Plc strengthened its 2025 finances by driving growth through higher sales and improving operational efficiency in nine months.
Consequently, revenue climbed 28% to ₦30.27 billion, as strong demand and better pricing boosted the company’s paint product sales.
CAP Plc Strong Revenue Growth
As a result, gross profit rose to ₦13.06 billion, reflecting the company’s efficient production and higher sales despite inflationary pressures.
Meanwhile, operating profit surged 68% to ₦4.78 billion, while after-tax profit increased 39% to ₦3.68 billion year-on-year.
Moreover, Managing Director Bolarin Okunowo highlighted that strategic execution and operational focus actively drove strong growth and improved profitability.
Cash Flow Turnaround
Importantly, the company returned to positive cash flow, generating ₦3.56 billion compared with last year’s ₦1.46 billion outflow.
This improvement stemmed from lower inventories and better receivables management, which significantly strengthened overall financial resilience.
Consequently, Chemical and Allied Products Plc (CAP Plc) ended the period with ₦7.7 billion in cash, marking a 217% increase from the previous year.
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Strengthened Balance Sheet
Additionally, total assets rose 17% to ₦20.73 billion, supported by higher cash, prepayments, and disciplined stock management.
The company also reduced liabilities to ₦8.37 billion, while equity grew 16% to ₦12.36 billion following dividend payouts.
Furthermore, cost of sales grew 18%, slower than revenue growth, which lifted gross margins to about 43% amid rising costs.
At the same time, administrative and marketing expenses increased moderately due to higher staff and promotional spending linked to expansion.
Although finance income fell 33%, CAP Plc offset this with lower finance costs, while earnings per share rose to ₦4.51 from ₦3.24.
As a result, net asset per share increased 32% to ₦15.17, reflecting stronger shareholder value and improved operational efficiency.
Overall, CAP Plc’s nine-month performance demonstrates resilience, disciplined management, and strategic execution actively driving sustainable growth.
