McNichols Plc has released its audited 2025 financial results, reporting a pre-tax profit of N391.7 million, more than double the N151.7 million recorded in the previous year.

The performance was driven by solid turnover and higher finance income, with full-year revenue rising 6.95% year-on-year to N6.2 billion.

Nigeria accounted for 100% of earnings, with beverage sales contributing N5.9 billion, representing 95.64% of revenue, while food products made up the balance.

Earnings per share rose to 27.87 kobo from 10.30 kobo. The company declared a final dividend of 6 kobo per 50 kobo share, payable August 6, 2026.

Key financial data (2025 vs 2024)

• Turnover: N6.2 billion, up 6.95% YoY
• Cost of sales: N5.5 billion vs N5.3 billion
• Operating profit: N333.1 million, up 207.09% YoY
• Finance income: N61.1 million, up 22.52% YoY
• Pre-tax profit: N391.7 million, up 158.25% YoY
• Post-tax profit: N346.3 million, up 199.22% YoY
• Earnings per share: 27.87 kobo vs 10.30 kobo

Revenue rose to N6.2 billion, with the cost of sales increasing to N5.5 billion from N5.3 billion. Raw materials and consumables constituted the majority of this cost at N5.2 billion, slightly above N5.1 billion in the prior year.

Gross profit came in at N690.6 million, an increase from N470.6 million in the 2024 financial year. Administrative costs decreased to N196.6 million from N216.7 million, while distribution costs saw a moderate rise to N169.7 million.

Other income of N8.9 million, primarily from the sale of waste products and packaging materials, also contributed to earnings. This helped push operating profit up to N333.1 million, a significant increase of 207.09% compared to the previous year.

Finance income improved to N61.1 million from N49.9 million, and finance costs fell sharply to N2.5 million, easing pressure on overall profit. Consequently, pre-tax profit grew by 158.25% to N391.7 million. After a tax of N45.4 million, profit after tax stood at N346.3 million.

On the balance sheet, total assets increased to N1.8 billion from N1.3 billion. Equity rose to N929.2 million, supported by a strong rise in retained earnings.