Julius Berger approves ₦6.8bn dividend payout as profits surge

Lubasch: The values that define Julius Berger remain unchanged

Julius Berger Nigeria Plc has announced strong financial performance, marked by higher revenue and profitability, while shareholders have unanimously approved a total dividend payout of ₦6.8 billion, equivalent to ₦4.25 per share. The company described the period as one defined by efficient project delivery and sound financial management.

Speaking at the company’s Annual General Meeting held Thursday in Abuja, Board Chairman Engr. Goni Musa Sheikh revealed that revenue grew by 34.1 percent from ₦566.71 billion recorded in 2024, driven by increased activity across key business segments. Profit before Tax also rose significantly by 38.5 percent to ₦40.95 billion from ₦29.57 billion the previous year. Net profit reached ₦30.17 billion, reflecting one of the company’s strongest performances in recent years, while earnings per share nearly doubled, climbing 96 percent to ₦18.69 from ₦9.54 in 2024.

Sheikh attributed the robust results to consistent delivery across the company’s four main operational areas: civil engineering, building construction, services, and diversification. He noted that Julius Berger executed several major infrastructure and building projects nationwide, reinforcing its position as a leading engineering and construction firm.

Looking ahead, he expressed confidence in the company’s growth prospects, citing its solid financial standing and technical expertise as key advantages in securing new projects both locally and across the region. He added that Julius Berger remains strategically positioned for long-term growth in Nigeria’s infrastructure sector.

Managing Director Engr. Dr. Peer Lubasch emphasized that the company’s strategy continues to revolve around its core strengths in construction and engineering services, supported by subsidiary operations and regional expansion efforts. He stressed that these elements create new market opportunities beyond traditional construction.

In his address to shareholders, he declared that at the heart of the company’s strategy remain its core operational strengths in civil works, building, construction and services. He added, these strengths are complemented by the capabilities of our subsidiaries and by our regional diversification efforts, which continue to expand our market access and create additional growth opportunities beyond traditional construction activities. Importantly, the values that define Julius Berger remain unchanged, excellence, responsibility, courage and collaboration.

He said, despite the present-day economic realities, Julius Berger has remained focused, agile and disciplined in execution. Our success continues to be guided by our well-established and forward-looking strategy, explaining that, Julius Berger integrates our core construction business, the growing contribution by our subsidiaries, the second pillar, and then the third pillar is the deliberate diversification initiatives. And it’s all combined into a unified growth model designed for long-term competitiveness and sustainability.

Lubasch reaffirmed that the company’s guiding principles viz excellence, responsibility, courage, and collaboration remain unchanged. Despite current economic challenges, he said Julius Berger has maintained focus, agility, and disciplined execution, guided by a forward-looking strategy that integrates its core business, subsidiaries, and diversification initiatives into a unified, sustainable growth model.

Highlighting key project achievements, Lubasch cited the reconstruction of Port Harcourt Road in Aba, Abia State, as a major success. The project involved constructing a 5.7-kilometre dual carriageway in both directions, rehabilitating existing infrastructure, and installing extensive drainage and safety systems. Commissioned in October 2025, the road has significantly enhanced mobility and commercial activity in Aba.

Commissioned with His Excellency, the state Governor in October 2025, this project has significantly improved urban mobility and commercial connectivity within Aba, one of Nigeria’s key commercial hubs. The successful delivery of this project again demonstrates our capability to execute complex urban infrastructure projects to the highest standards, Lubasch further said.

He also pointed to the newly completed Bodo-Bonny Road project, describing it as one of Nigeria’s most strategic public-private partnership initiatives. Spanning approximately 38 kilometres across difficult swamp terrain, the project includes multiple bridges and pipeline crossings. He added that once commissioned, the road is expected to boost connectivity to Bonny Island and stimulate economic growth in Rivers State.

He declared: we are pleased that the project is ready for commissioning. The road will significantly improve connectivity to Bonny Island, unlock economic opportunities and further strengthen industrial and community development within River State. This project continues to showcase our engineering expertise and our ability to deliver in technically very challenging environments.

Lubasch further highlighted other major completed projects, including the Lagos Northwest Tower, Lagos-Opebi-Mende Road, and the Bola Ahmed Tinubu International Centre in Abuja, reinforcing the company’s track record in delivering critical national infrastructure.