Chemical and Allied Products Plc (CAP Plc) has posted a profit after tax of N2.53 billion for the six months ended June 30, 2025, up 41 percent from N1.79 billion in the same period last year, driven by strong revenue growth, operational efficiency, and a rebound in core business performance.
The paint manufacturer’s revenue surged 29 percent to N20.09 billion from N15.61 billion a year earlier, reflecting increased product demand and improved market penetration. Paint product sales, which accounted for over 99 percent of total turnover, climbed to N20.05 billion, while service income contributed N46.26 million.
Bolarin Okunowo, the company’s managing director, said, “These results highlight the success of our strategic growth initiatives and disciplined cost management, underpinned by continued investment in retail expansion and operational efficiency.”