Julius Berger Nigeria Plc reported a pre-tax profit of N5.9 billion for the first quarter ended March 31, 2025, a sharp 64.68% decline from the N16.7 billion recorded in the same period in 2024, as rising costs and currency losses eroded the impact of strong topline growth.
According to the construction giant’s unaudited financial results, revenue rose by 62.80% year-on-year to N180.5 billion, driven largely by the company’s core civil engineering projects.
Civil works contributed N125.1 billion, while building works and services accounted for N30.2 billion and N25.2 billion, respectively.