Chemical and Allied Products Plc (CAP) has announced a remarkable N9.1 billion pre-tax profit for the 2025 financial year, marking a 50.5% increase compared to N6.06 billion in 2024. The company’s fourth quarter alone contributed N3.6 billion, representing an impressive 84% year-on-year growth, reflecting a period of strong demand and operational efficiency.
The company’s robust performance was largely fueled by soaring paint sales, which accounted for nearly all revenue at N44.8 billion, up 23.36% from the previous year’s N36.3 billion. Services contributed only N46.2 million, highlighting CAP’s core reliance on its paint business. This revenue growth was accompanied by a moderate increase in cost of sales to N25.4 billion, leading to a gross profit of N19.4 billion, up 31.6% year-on-year.
Operating profit surged to N8.04 billion, boosted not only by sales but also by N460.2 million in other income, primarily from scrap sales and management fees. Finance income saw a sharp rise of 68.3% to N1.08 billion, largely from interest on short-term bank deposits, while finance costs fell dramatically to just N1.4 million. These gains propelled CAP’s pre-tax profit to N9.1 billion for the year.
CAP Plc’s balance sheet also strengthened in 2025, with total assets growing 25.5% to N24.7 billion. The company’s cash and cash equivalents stood at N11.7 billion, while inventories and property, plant, and equipment were valued at N6.6 billion and N3.4 billion, respectively. Total liabilities increased modestly to N10.03 billion, while shareholders’ equity rose to N14.6 billion, led by retained earnings of N12.7 billion.
Analysts note that CAP’s strong 2025 results reflect both resilient demand for its paint products and effective financial management. On the Nigerian Stock Exchange, CAP’s shares have gained 15.22% year-to-date, currently trading at N79.50, signaling investor confidence in the company’s growth trajectory.
source: nairametrics