Julius Berger Nigeria Plc has reported a revenue of N343.4bn for the half year ended June 30, 2025, representing a 41 per cent increase from the N243.8bn posted in the corresponding period of 2024.
The construction giant disclosed this in its unaudited consolidated financial statements filed with the Nigerian Exchange Limited recently.
According to the report, profit after tax stood at N7.1bn in the first half of 2025, up by 39 per cent from the N5.1bn recorded in the same period last year. The company posted a profit before tax of N13.1bn during the review period, a decline of 48 per cent compared to the N25.1bn reported in the previous year.
Revenue for the second quarter alone stood at N162.9bn, marking a 23 per cent increase from the N132.9bn posted in the same quarter of 2024.
The company’s cost of sales rose by 38 per cent to N283.4bn in the first half of 2025 from N204.9bn in the corresponding period of 2024, reflecting increased operational activities. Gross profit grew to N60bn, representing a 55 per cent rise from N38.8bn in the same period of 2024.
Administrative expenses also rose to N43.8bn in the first half, up from N32.3bn in the same period of 2024, while impairment on trade and tax receivables dropped to N2.9bn from N5.7bn.
The firm’s total comprehensive income stood at N23.3bn in the half-year period, up from N16.2bn recorded in 2024, indicating a 44 per cent increase. Earnings per share rose to N4.34 from N3.54.
Julius Berger’s total assets as of June 2025 stood at N1.05tn, compared to N1.02tn at the end of December 2024. Total equity rose to N363.9bn from N345.8bn in December, driven by a revaluation surplus and retained earnings.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
Contact: [email protected]
