Meyer Plc has launched its unaudited 2025 outcomes for the yr ended December 31, 2025, reporting a pre-tax revenue of N737 million, up 61% in comparison with N457.602 million within the earlier yr.
The unaudited {financial} statements spotlight robust income progress, pushed by elevated demand for its paint. Income grew by 36% to N4.232 billion, virtually half of the firm’s complete income in 5 years.
Revenue after tax stood at N550 million, up 86%.
Nevertheless, traders are ready to see the corporate attain the N1 billion mark recorded in 2020.
The expansion in income was pushed primarily by elevated gross sales in its paint and coatings section.
As well as, the power to develop income whereas sustaining management over direct prices, mirrored within the 45.4% enhance in gross revenue, to N1.51 billion, in comparison with N1.04 billion in 2024, giving a wholesome margin of 36%.
Nevertheless, the working revenue margin at 9% suggests working prices/overhead stress, moderating working revenue to N392 million.
The bottom-line efficiency was additional boosted by finance revenue, holding the pre-tax revenue above the working revenue.
On the stability sheet, complete property expanded to N3.44 billion, reflecting progress throughout each present and non-current property.
Meyer Plc’s 2025 {financial} efficiency highlights the corporate’s potential to generate robust income and profitability, though working prices stay a priority.
The inventory worth closed at N19 yesterday, reflecting a 46.7% enhance. Final yr, it gained 54%.
The corporate’s market capitalization stands at N10.1 billion, considerably increased than its internet property of N2.23 billion.
This might imply that traders imagine the corporate has good future progress potential, or the inventory is likely to be overpriced in comparison with the corporate’s precise worth, suggesting overvaluation.
Earnings per share (EPS) grew by 88% to N1.11 in 2025, marking the best stage since 2021. It’s anticipated that the corporate will return to the N2.25 EPS achieved in 2020 through the 2026 {financial} yr.
Meyer Plc is the 109th most traded inventory on the NGX over the previous three months with 13.5 million shares valued at N221 million, suggesting a reasonable buying and selling exercise.
