Chemical and Allied Products Plc (CAP Plc), one of Nigeria’s paint manufacturers, strengthened its financial position in the nine months ended September 30, 2025, as higher sales from its core operations drove profit and improved cash generation.
The company’s unaudited results showed that revenue rose by 28 per cent to N30.27 billion in 9M’25 from N23.65 billion in the same period of 2024, reflecting robust demand for its paint products and improved pricing efficiency. This stronger top-line performance was reflected in higher gross profit, which increased to N13.06 billion from N9.02 billion the previous year.
Operating profit surged 68 per cent to N4.78 billion, aided by efficient cost management and increased production volumes despite inflationary pressures on raw materials and logistics. The company’s profit before tax rose to N5.49 billion, while after-tax profit advanced by 39 per cent to N3.68 billion.