Berger Paints Nigeria PLC posts 48% growth in PAT

Berger Paints Nigeria PLC has declared an inpressive growth of 48% for Profit Before Tax (PBT) and Profit After Tax (PAT) for Q1 2026.

The PBT and PAT grew significantly to ₦693.1 million and ₦456.6 million respectively per the report made available on the NGX website.

This is as the Paints company saw revenue rising to ₦3.39 billion, a 14% increase over the ₦2.97 billion reported in Q1 2025.

The company’s Basic Earnings Per Share also saw a marked improvement, rising to 158 kobo from 107 kobo in the corresponding quarter of the previous year.

This growth was primarily driven by the core decorative and industrial paint segments, which saw a 15% revenue increase.

A major factor contributing to the 43% rise in operating profit was the aggressive management of distribution overheads; selling and distribution expenses were slashed by 53%, falling from ₦160.8 million to ₦75.7 million.

The company’s finance income also increased by nearly 200% to ₦52.3 million, bolstered by improved yields on the company’s other financial assets, which grew to ₦2.43 billion by the end of the quarter.

This combination of tighter operational spending and enhanced investment returns secured a strong opening for the fiscal year.