Chemical and Allied Products Plc (CAP), a subsidiary of UAC of Nigeria Plc, recorded strong financial performance for the nine months ended September 30, 2025 with profit before tax rising by 39 percent to ₦5.49 billion, up from ₦3.94 billion in the same period last year.
Revenue for the period stood at ₦30.27 billion, representing a 28 percent increase year-on-year, driven by higher sales volumes and improved product mix across its brands — Dulux, Sandtex, Caplux, and Hempel.
Gross profit rose 45 percent to ₦13.06 billion, supported by pricing optimization and effective cost control, while operating profit advanced 68 percent to ₦4.78 billion from ₦2.85 billion in the prior year.
Profit after tax for the period grew 39 percent to ₦3.68 billion, translating to earnings per share of 451 kobo, compared with ₦2.64 billion and 324 kobo respectively in 2024.
Finance income stood at ₦746 million, while finance costs remained low at ₦39 million, reflecting prudent financial management and an improved funding structure.
The company’s equity increased by 16 percent to ₦12.36 billion as of September 2025, compared to ₦10.64 billion at year-end 2024, while total assets grew by 5 percent to ₦20.73 billion. Total liabilities declined by 7 percent to ₦8.37 billion, demonstrating CAP’s conservative leverage and stronger balance sheet position.
Managing Director, Bolarin Okunowo, said the company’s performance highlights the effectiveness of its strategic initiatives and resilience in a competitive market.
“Revenue, operating profit, and profit before tax grew by 28 percent, 68 percent, and 39 percent year-to-date respectively, reflecting disciplined execution and a sustained focus on operational excellence. As we enter the final quarter of the year, we remain committed to sustaining profitable growth and enhancing customer experience,” she stated.
CAP continues to consolidate its leadership in Nigeria’s paints and coatings sector, leveraging global partnerships with Akzo Nobel Coatings International B.V. and Hempel Paints South Africa (Pty) Ltd.
The company’s steady growth, improved profitability, and strong balance sheet reaffirm its position as one of Nigeria’s most resilient manufacturing firms.
With consistent revenue expansion, rising margins, and a disciplined operational structure, CAP Plc is well positioned to close 2025 on a strong note while delivering sustained value to shareholders.