CAP shareholders approve N4.00 per share dividend payout

Shareholders of Chemical and Allied Products Plc (CAP Plc) have approved a final dividend of N4.00 per 50 kobo ordinary share for the financial year ending December 31, 2025. This represents a significant 67% increase over the previous year's payout, totaling N3.26 billion, and underscores the company's commitment to delivering consistent shareholder value.

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Nigeria’s operating environment, while showing meaningful signs of stabilisation, remained demanding for manufacturers in 2025.

The dividend approval came during the company's 61st Annual General Meeting in Lagos, where shareholders also endorsed the Board's strategic direction. The strong financial results underpinning this dividend include a 23% rise in revenue to N44.9 billion for 2025, up from N36.4 billion in 2024. Gross profit increased by 32% to N19.4 billion, and profit before tax surged 51% to N9.1 billion, compared to N6.1 billion in the prior year.

Fola Aiyesimoju, Chairman of the Board at CAP Plc, attributed the performance to the company's robust strategic foundations and its focus on operational efficiency and cost optimization. "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," he stated. He acknowledged that Nigeria's operating environment remained demanding for manufacturers in 2025, despite signs of stabilization.

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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.

Outgoing Managing Director Bolarin Okunowo highlighted the company's strategic initiatives to enhance market penetration and fortify the business. CAP Plc expanded its retail network to 152 stores from 135 in 2024 and broadened its product offerings. "Our results underscore our ability to navigate complexity, sustain growth, and position the business to capture emerging opportunities in an evolving economic landscape," Okunowo added. Shareholders commended the leadership for steering the company through a complex environment while maintaining strong performance.

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In our resolve to deliver exceptional results, we deepened our strategic focus, strengthened our operations, and remained customer-focused. Our retail network grew to 152 stores, up from 135 in 2024, and we expanded our product offering to better serve our customers. Our results underscore our ability to navigate complexity, sustain growth, and position the business to capture emerging opportunities in an evolving economic landscape.