Nascon Allied Industries Plc delivered a pre-tax profit of ₦48.2 billion in 2025.
This result more than doubled the ₦23.6 billion earned in 2024, highlighting remarkable growth.
Moreover, revenue climbed 26.8% to ₦152.6 billion, mainly driven by strong salt sales.
Nascon Strong Revenue Growth
Salt contributed ₦141.1 billion, representing over 92% of total income and dominating overall revenue.
Meanwhile, seasoning products added ₦11.5 billion, with the northern region generating 75.8% of total sales.
In addition, the west and east regions contributed 18.6% and 5.6%, respectively, to revenue.
Rising Profits And Efficiency
Careful cost control helped gross profit increase 33.2% to ₦73.9 billion compared with last year.
Furthermore, the company reduced distribution costs by 12.6%, while administrative expenses rose slightly to ₦8.96 billion.
Read Also: Union Dicon Salt Pushes For Revival Amid NGX Delisting Fears
Consequently, operating profit reached ₦42.9 billion, nearly doubling the ₦23.0 billion recorded in 2024.
Finance income more than tripled to ₦6.0 billion, mainly from interest earned on short-term deposits.
After paying ₦14.7 billion in taxes, Nascon recorded a net profit of ₦33.5 billion, up 115%.
Earnings per share rose to ₦12.41, and the board proposed a dividend of ₦6 per share.
Strong Balance Sheet
On the balance sheet, total assets expanded 72.3% to ₦135.2 billion, led by cash and inventories.
Retained earnings climbed to ₦69.3 billion, forming 97% of total equity of ₦71.7 billion.
At the same time, total liabilities increased to ₦64.1 billion, reflecting the company’s growing operations.
Despite these strong results, shares fell 0.58% last week, though they rose 52.6% year-to-date.
Therefore, investors and analysts are now watching closely to see whether Nascon sustains its growth.
