NIPCO Plc has reported a turnover of N1.979 trillion for the 2025 financial year and announced an N8.00 dividend per share for shareholders.
Chairman of the company, Chief Bestman Anekwe, disclosed this at the 22nd Annual General Meeting held at the Abuja Continental Hotel, FCT, on Tuesday.
Anekwe said the results reflected resilience, disciplined management, and robust growth despite a volatile operating environment.
He described the performance as evidence of improved efficiency and strategic positioning that delivered value to shareholders in 2025.
He said the impressive turnover of N1.979 trillion, underscores NIPCO ‘s , market relevance, and capacity to deliver value in a deregulated and competitive market.
According to him, the strong top-line growth translated into solid profitability, with Profit Before Tax hitting N17.271 billion and Profit After Tax closing at N12.227 billion.
Chief Anekwe maintained that these figures reflect enhanced operational efficiency, prudent cost management, and the company’s unwavering focus on strengthening its foundation for sustainable growth.
The Board has recommended a dividend payout of N1.501 billion, equivalent to N8.00 per ordinary share.whicg was unanimously approve by shareholders at the meeting
He explained that the dividend is payable subject to shareholders’ approval and deduction of withholding tax at the prevailing rate, and described the 800 kobo per share payout as remarkable given current sector headwinds.
He emphasized that the improved dividend demonstrates NIPCO’s resolve to consistently grow shareholders’ return on investment.
It also reflects the Board’s unalloyed confidence in the company’s fundamentals and its capacity to deliver outstanding returns despite global and local market pressures.
He further assured shareholders that management’s efforts remain focused on enhancing operational efficiency and driving sustainable growth.
“The Board remains resolute in its commitment to continuously deliver outstanding returns and sustainable value to shareholders while building a stronger foundation for consistent returns on investment ” the Chairman assisted
He said the company had developed an ambitious roadmap for 2026 and beyond, anchored on vertical integration, technology adoption, and sustainable energy solutions.
He assured shareholders that the company will augment investments across all business lines while deploying more pragmatic marketing strategies to maintain a competitive edge and stay ahead of industry peers.
He stated that the company’s growth trajectory aligns seamlessly with Nigeria’s “Renewed Hope Agenda” and the Federal Government’s push to harness the country’s vast gas reserves.
