NASCON Reports 26% Profit Growth in H1 2026, Secures NGX 30 Index Inclusion

NASCON Reports 26% Profit Growth in H1 2026, Secures NGX 30 Index Inclusion

NASCON Allied Industries Plc has posted a strong financial performance for the first half of 2026, recording a 26 percent increase in profit after tax to ₦19.6 billion and a 28 percent rise in profit before tax to ₦29.7 billion, while also earning a place in the Nigerian Exchange (NGX) 30 Index.

NASCON Allied Industries Plc has delivered a strong financial performance for the six months ended June 30, 2026, posting robust earnings growth despite operating in a challenging business environment.

The company reported revenue of ₦81.2 billion, representing a four percent increase over the corresponding period of 2025. Profit before tax climbed by 28 percent to ₦29.7 billion, while profit after tax rose by 26 percent to ₦19.6 billion, reflecting improved profitability and efficient cost management.

Gross profit increased by nine percent to ₦40.8 billion, with the gross profit margin improving to 50 percent from 48 percent recorded in the same period last year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) also grew by six percent to ₦24.1 billion, while the EBITDA margin stood at 30 percent, highlighting the company's continued emphasis on operational efficiency and disciplined margin management.

Earnings per share rose by 26 percent to ₦14.51, underscoring the quality of the company's earnings and its commitment to creating value for shareholders.

Commenting on the results, the Managing Director of NASCON Allied Industries Plc, Aderemi Saka, said the company's first-half performance reflected the resilience of its business model and the successful execution of its strategic priorities.

"Our first-half performance demonstrates the resilience of our business model, disciplined execution of strategic priorities, and ability to deliver sustainable growth despite a dynamic operating environment," Saka said.

She attributed the strong earnings performance to sustained demand across the company's core product categories, continued market penetration initiatives, and improved operational discipline, which enabled profitability to outpace revenue growth.

The company's balance sheet also recorded significant improvement during the review period. Total assets expanded by 45 percent to ₦161.6 billion, while cash and cash equivalents rose by 26 percent to ₦46.1 billion, strengthening its liquidity position and providing greater flexibility to fund future growth opportunities and maintain operational resilience.

In addition to its financial achievements, NASCON reached a major milestone in the capital market following its admission into the Nigerian Exchange (NGX) 30 Index after the Exchange's half-year review of market indices.

The inclusion places the company among the 30 most capitalised and liquid listed firms on the Nigerian Exchange, reflecting growing investor confidence in its financial strength, corporate governance standards and long-term growth prospects.

Looking ahead, the company said it would continue to focus on improving operational efficiency, strengthening its market leadership, optimising its product portfolio and delivering sustainable value to shareholders and other stakeholders.

NASCON expressed confidence that its strong financial position, strategic initiatives and dedicated workforce would continue to drive profitable growth and enhance shareholder returns in the second half of 2026.