The Board of Directors of NASCON Allied Industries PLC, a subsidiary of the Dangote Group, has approved the company’s Audited Financial Statements for the year ended December 31, 2025, signaling another year of robust fiscal performance.
Following a high-profile board meeting held on Tuesday, February 24, 2026, the company announced its intention to reward shareholders with a dividend recommendation of ₦2.00 per share, maintaining its track record of consistent value delivery despite a challenging macroeconomic environment.
The meeting, presided over by the Board Chairman, Mr. Olakunle Alake, focused on the company’s strategic expansion and operational efficiency.
The financial highlights revealed a significant jump in profitability, with the seasoning and salt giant reporting a profit after tax that reflects the successful integration of its upgraded production lines and strengthened distribution networks.
This performance aligns with recent analyst projections that placed NASCON as one of the top-performing consumer goods companies on the Nigerian Exchange (NGX) for the 2025 fiscal year.
In addition to the financial approvals, the Board confirmed key leadership transitions aimed at driving the next phase of the company’s growth.
The Board reaffirmed its confidence in the executive management team, led by Managing Director Mr. Thabo Mabe, citing their ability to navigate inflationary pressures and supply chain disruptions.
The company’s commitment to high standards of corporate governance was also a central theme, with the Board emphasizing transparency in its dealings with both regulators and the investing public.
The ₦2.00 dividend recommendation is subject to shareholder approval at the upcoming Annual General Meeting (AGM), the date of which will be formally communicated in the coming weeks.
Market observers note that this payout represents a healthy yield, reinforcing NASCON’s status as a preferred defensive stock for investors seeking stable returns in a volatile market.
The company’s share price has reacted positively to the news, buoyed by the 165% earnings growth reported over the last year and its sector-leading return on equity.
As part of the post-meeting requirements, NASCON reminded the public that its Closed Period remains in effect. During this time, all insiders including directors and employees with access to price-sensitive information are prohibited from trading in the company’s shares.
This restriction will remain in place until 24 hours after the full Audited Financial Statements are officially uploaded to the NGX portal, ensuring that all market participants have equal access to the company’s performance data.