NASCON Posts ₦48.2bn FY2025 Profit as Strong Salt Demand Boosts Revenue
NASCON Allied Industries Plc has reported a strong financial performance for the 2025 financial year, posting a profit before tax of ₦48.2 billion as demand for its salt and seasoning products continued to rise across the Nigerian market. The result represents a significant improvement compared to the ₦23.7 billion recorded in the previous year, highlighting the company’s ability to capitalize on growing consumer demand and improved operational efficiency.
According to the company’s audited financial statements for the year ended December 31, 2025, revenue increased by 27 percent to ₦152.7 billion, up from ₦120.4 billion recorded in 2024.
The growth was largely supported by strong demand for NASCON’s core products, particularly refined salt and seasoning brands widely distributed across Nigeria. The company also benefited from improved production stability and stronger distribution networks that enabled it to meet rising consumer demand across retail markets.
The revenue growth translated into stronger profitability across key metrics. Gross profit rose by 33 percent to ₦73.9 billion, while earnings before interest, tax, depreciation and amortisation (EBITDA) surged by 69 percent to ₦46.4 billion, reflecting improved operational efficiency and better cost management during the year.
At the bottom line, profit after tax climbed by 115 percent to ₦33.5 billion, compared with ₦15.6 billion recorded in the previous year. Earnings per share also increased significantly to ₦12.41, representing a 115 percent growth that underscores the company’s strong earnings momentum and improved shareholder value creation.
In response to the improved performance, the board of NASCON proposed a dividend payout of ₦6.00 per share for the 2025 financial year, representing a 200 percent increase from the ₦2.00 dividend paid to shareholders in 2024. The proposed payout reflects management’s confidence in the company’s earnings capacity and long-term growth prospects.
Management attributed the strong performance to strategic investments in logistics and operational efficiency. During the year, NASCON expanded its asset base by about 72 percent to ₦135.3 billion, partly driven by investments in compressed natural gas (CNG) trucks designed to reduce reliance on diesel and improve supply chain efficiency. The move is expected to help shield the company from fuel price volatility while improving environmental sustainability.
The company also ended the year with a solid liquidity position, as cash and cash equivalents rose to ₦41.6 billion supported by strong operating cash flows. This financial strength provides the company with the capacity to continue investing in technology, infrastructure and market expansion initiatives aimed at strengthening its leadership position in Nigeria’s salt and seasoning market.
In Conclusion, NASCON said it remains focused on expanding its market presence, improving distribution efficiency and strengthening operational resilience. With sustained demand for food seasoning products and a stronger balance sheet, the company expects to maintain growth momentum while delivering long-term value to shareholders and other stakeholders in the coming years.
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