Berger Paints is significantly increasing its final dividends for 2025, marking a highly profitable year where its post-tax profit reached a record N1.6 billion. This represents a substantial leap of 147.7 per cent compared to the preceding year, despite a moderate improvement in turnover.

The manufacturer had already distributed N0.40 per share to shareholders as an interim dividend earlier in the year, which was double the amount paid in 2024. The company now plans to pay N1.25 as its final dividend, according to its audited results published on Tuesday.

This proposed final dividend could bring the total payout for the year to N478.2 million.

Revenue for Berger Paints saw a one-fifth increase, reaching N13 billion in the review period. This growth was primarily driven by sales of paints and allied products. Additionally, finance income more than quadrupled, boosted by increased interest income on bank deposits.

The company's total assets also recorded a notable rise, climbing by 20.6 per cent to N9.1 billion from N7.5 billion.

Berger Paints, originally incorporated as British Paints (West Africa) in January 1959, was acquired by Berger, Johnson & Nicholson in 1969 and adopted its current name 20 years later.