Julius Berger Nigeria Plc recorded a strong revenue performance in the 2025 financial year, with turnover rising to N760.61bn, reflecting sustained activity across its construction and infrastructure projects.
The construction giant’s revenue for the year ended 31 December 2025 increased from N566.71bn recorded in 2024, according to its consolidated unaudited financial statements for the fourth quarter.
For the fourth quarter alone, revenue stood at N219.80bn, up from N161.20bn in the corresponding period of 2024, underscoring improved execution of contracts and higher project volumes toward the end of the year.
Profit before tax for the full year rose to N45.95bn, compared with N29.57bn in 2024, while profit after tax increased to N31.11bn, from N15.51bn in the previous year. In the fourth quarter, the company posted a profit after tax of N12.85bn, up from N2.66bn in the same period of 2024.
Cost of sales rose to N641.05bn in 2025, from N495.24bn in 2024, reflecting higher project execution costs in line with increased revenue. As a result, gross profit expanded to N119.56bn, compared with N71.47bn in the prior year.
Administrative expenses stood at N98.58bn, while impairment on trade receivables amounted to N33.25bn, highlighting cost pressures and credit risk management challenges during the year. However, these were partly offset by other gains of N47.56bn and investment income of N20.26bn.
Finance costs declined to N4.94bn, compared with N12.61bn in the previous year, supporting the stronger profitability recorded in 2025.
Earnings per share improved significantly, rising to N19.28 for the full year, from N9.54 in 2023. For the fourth quarter, earnings per share stood at N8.00.
On the balance sheet, total assets increased to N1.10tn, from N1.02tn at the end of 2024, driven largely by growth in property, plant and equipment, contract assets, and cash balances. Shareholders’ equity rose to N304.64bn, compared with N345.69bn in the previous year, while retained earnings stood at N157.31bn.
Total liabilities increased to N793.91bn, from N667.92bn in 2024, reflecting higher trade payables, contract liabilities, and bank overdrafts linked to expanded operations.
