Abeg, make we gist small about Julius Berger Nigeria Plc wey just drop their financial report for 2025 like say dem dey form big boss for construction game.
This company don shine like stars for di year wey just pass as dem make N760.61 billion for turnover. E sweet, no be lie. Dem don increase profit wey dem make from N566.71 billion wey dem dey report for 2024. Na true, money no dey hide when hard work dey.
For di fourth quarter alone, wetin dem call Q4, na about N219.80 billion dem rake in, up from N161.20 billion wey dem collect for di same time last year. Na so contracts dey burst from everywhere, dey bring higher volume wahala.
As for profit before tax, e don rise to N45.95 billion, compared to N29.57 billion last year. Chai! Wetin dem dey chop? Profit after tax too don follow, jump from N15.51 billion to N31.11 billion. Na serious levels dem dey reach!
Cost of sales no be small matter; e don climb to N641.05 billion from N495.24 billion wey dem use last year. Dis one no dey surprise, as wen project dey increase, so dem cost go follow. But wetin you go expect? Gross profit still shine na, climbing to N119.56 billion from N71.47 billion. Na real flex!
Dem administrative expenses still dey take space o, as e dey stand for N98.58 billion, while impairment on trade receivables don land for N33.25 billion, showing say dem get serious money management wahala. But no fear, dem don get plenty gains wey dey balance am; N47.56 billion and investment income wey dey show face for N20.26 billion. Finance costs don even drop to N4.94 billion from N12.61 billion, boosting their profit like say dey dey gym.
As e be, earnings per share don climb reach N19.28 for di whole year, from N9.54 for last year. For dis Q4, na N8.00 dem dey show as earnings per share. If you look di balance sheet, total assets don increase to N1.10 trillion from N1.02 trillion, na big deal. Na property, plant, contract assets and cash projected as di main culprits.
Na serious matter wey shareholders go wan hear, as dem equity don rise to N304.64 billion from N345.69 billion last year, while retained earnings dey show N157.31 billion. But e no finish there; total liabilities don increase to N793.91 billion from N667.92 billion as dem dey collect more for trade payables and bank overdrafts for di expanded operations.
Honestly, with dis kind achievement, you fit sabi say Julius Berger dey ready to continue dey shine for Nigeria construction sector. Na so e be, my people; we dey watch as dem go continue dey build our future!
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