Julius Berger Nigeria Plc began 2026 on a stronger note and delivered improved Q1 results.
The company reported a ₦9.8 billion pretax profit, which rose 66.1% year-on-year.
This compares with ₦5.9 billion it earned in Q1 2025.
Julius Berger Strong Q1 Profit Growth
Stronger cost control, steady revenue, and higher investment income drove the growth.
Revenue reached ₦177.5 billion, although it slightly trailed ₦180.5 billion last year.
Revenue Mix And Cost Efficiency
Civil works anchored performance and contributed 63.4% of total revenue.
Meanwhile, building works added 22.2% to overall revenue.
In addition, Africa dominated operations and accounted for 92.7% regionally.
Civil works generated ₦112.6 billion, down from ₦125.1 billion previously.
Similarly, building works delivered ₦39.4 billion during the quarter.
Services added ₦24.5 billion to revenue, while diversification efforts contributed an extra ₦917.5 million.
Cost of sales fell to ₦148.9 billion from ₦153.1 billion.
As a result, gross profit rose to ₦28.6 billion from ₦27.4 billion.
At the same time, management reduced administrative expenses to ₦17.9 billion, improving efficiency across the business.
Operating profit almost doubled to ₦6.09 billion.
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In addition, other gains increased by 82.05% to ₦136.9 million.
Investment income contributed ₦4.8 billion, although finance costs of ₦1.1 billion reduced overall gains.
Stronger Balance Sheet And Market Reaction
Overall, pretax profit rose to ₦9.8 billion.
However, tax expenses reduced profit after tax to ₦2.4 billion, down from ₦3.5 billion last year.
Total assets rose slightly to ₦1.07 trillion, with property, plant, and equipment as the largest category.
Cash and bank balances reached ₦152.7 billion.
Retained earnings climbed 37.81% to ₦86.3 billion,
lifting total equity to ₦287 billion.
Total liabilities increased to ₦782.9 billion, driven largely by long-term contract obligations of ₦452.2 billion.
Finally, investors reacted positively to the results.
Shares gained 9.38% on the Nigerian Exchange and closed at ₦315 on 29 April 2026.
Year-to-date performance showed a 106.02% gain, with trading volumes reaching 38 million units.
