CAP PLC Raises Final Dividend by 67%

CAP PLC has approved a higher final dividend after delivering strong financial results and improved profitability during the 2025 financial year.

Chemical and Allied Products Plc (CAP PLC) has approved a final CAP PLC dividend of N4.00 per 50 kobo ordinary share for the financial year ended 31 December 2025. The payout represents a 67 per cent increase from the previous year, reflecting the company’s continued focus on rewarding shareholders and creating long-term value.

The dividend, which totals N3.26 billion, received shareholder approval during the company’s 61st Annual General Meeting (AGM) held in Lagos. Shareholders also endorsed the board’s strategic direction and approved all resolutions presented at the meeting.

The increased CAP PLC dividend follows a year of strong financial performance across key business areas. The company said improvements in operational efficiency, cost optimisation, margin protection and portfolio expansion contributed to the positive results.

During the 2025 financial year, CAP PLC generated N44.9 billion in revenue, representing a 23 per cent increase from N36.4 billion recorded in 2024. Gross profit rose by 32 per cent to N19.4 billion, while profit before tax climbed 51 per cent to N9.1 billion, compared with N6.1 billion in the previous year.

Chairman Fola Aiyesimoju said the results demonstrate the strength of the company’s long-term strategy and its commitment to delivering sustainable returns for investors.

“Nigeria’s operating environment, while showing meaningful signs of stabilisation, remained demanding for manufacturers in 2025,” Aiyesimoju stated. “CAP PLC’s continued emphasis on operational efficiency and cost optimisation drove improved profitability, with operating margins expanding to 18 per cent, from 15 per cent. These results reflect disciplined execution and the trust customers place in the quality of our product portfolio.”

The company said it remains focused on maintaining operational excellence while strengthening its market position and continuing to deliver value through sustained CAP PLC dividend growth and improved business performance.

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