IMG Nigeria Plc strengthens balance sheet, doubles equity in 2025

Industrial & Medical Gases (IMG) Nigeria Plc has announced a strong financial performance for 2025, characterized by a doubling of shareholders' equity to N11.84 billion and a cash dividend payout of N365.5 million. This achievement was realized despite navigating a difficult business landscape marked by inflation, rising operational costs, and foreign exchange volatility.

The company's audited results reveal a significant increase in total equity, which grew from N5.91 billion in 2024 to N11.84 billion in 2025. Share capital also saw a substantial rise of 46 percent, reaching N365.53 million, with the number of issued ordinary shares climbing to 731.06 million. This expansion reflects a strengthened ownership structure and enhanced shareholder funds.

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Despite the challenging operating environment experienced during the year, IMG Nigeria Plc delivered a resilient and commendable performance in 2025. The year demonstrated our ability to sustain business growth amid economic headwinds and industry pressures.

While revenue experienced a marginal increase to N8.45 billion in 2025 from N8.38 billion the previous year, Profit After Tax stood at N990 million, a decrease from N1.62 billion in 2024, attributed to economic headwinds. Nevertheless, IMG Nigeria Plc maintained its focus on enhancing shareholder value through a robust balance sheet and consistent returns.

Chairman Aminu Ado described the 2025 financial year as a testament to the company's resilience and adaptability. "Despite the challenging operating environment experienced during the year, IMG Nigeria Plc delivered a resilient and commendable performance in 2025," Ado stated. Management remains committed to operational excellence, customer retention, cost optimization, and strategic business development to ensure sustained profitability and long-term growth.

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We remain focused on operational excellence, customer retention, cost optimisation and strategic business development initiatives aimed at sustaining profitability and long-term growth.