2025 proved remarkable for Chemical and Allied Products Plc (CAP), as profits soared impressively.
The company achieved a pre-tax profit of ₦9.1 billion, rising over 50% compared to 2024.
CAP Plc Profit Soars In 2025
Moreover, the fourth quarter alone generated ₦3.6 billion, an 84% increase year-on-year.
Revenue climbed to ₦44.8 billion, a 23% rise, driven almost entirely by paint sales.
Paint Drives Revenue Growth
Meanwhile, services contributed only ₦46.2 million, confirming paint as CAP’s primary revenue driver.
As costs grew alongside revenue, CAP still earned a gross profit of ₦19.4 billion.
Furthermore, CAP spent moderately on operating expenses, with marketing costs at ₦4.5 billion.
Administrative costs increased to ₦7.3 billion, reflecting measured expansion alongside growing operations.
In addition, other income, mainly from scrap sales and management fees, added ₦460.2 million.
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Strong Balance Sheet And Investor Confidence
Finance income surged 68% to ₦1.08 billion, mostly from interest on short-term deposits.
Simultaneously, CAP reduced finance costs to ₦1.4 million, boosting overall pre-tax profit to ₦9.1 billion.
The company strengthened its balance sheet, raising total assets 25.5% to ₦24.7 billion.
Cash, inventories, and property investments formed the largest contributors to asset growth.
Meanwhile, liabilities increased moderately to ₦10.03 billion, while shareholders’ equity strengthened to ₦14.6 billion.
Notably, retained earnings rose 46% to ₦12.7 billion, forming the bulk of total equity.
Investors responded positively, lifting CAP’s stock 15.2% year-to-date to ₦79.50 per share.
Overall, 2025 demonstrated CAP’s growth, strong paint demand, and smart financial management driving success.
