Julius Berger Nigeria Plc reported a 63 per cent year-on-year decline in profit after tax to N4.13 billion in the third quarter ended September 30, 2026, from N11.14 billion recorded in the corresponding period of 2025.
The company’s unaudited financial statements showed that revenue increased by 18 per cent to N232.59 billion from N197.37 billion in Q3 2025, while gross profit rose 91 per cent to N38.39 billion from N20.15 billion.
However, profit before tax declined by 26 per cent to N12.40 billion from N16.72 billion in the corresponding quarter. The decline in post-tax earnings came as income tax expenses rose to N8.27 billion from N5.58 billion a year earlier.
Operating profit fell 32 per cent to N9.99 billion from N14.79 billion, despite the increase in revenue and gross profit. Administrative expenses stood at N25.88 billion, slightly lower than the N26.17 billion recorded in Q3 2025.
Impairment charges on trade receivables also declined significantly to N3.50 billion from N27.69 billion in the prior-year quarter. Investment income increased to N3.88 billion from N3.10 billion, while finance costs rose to N1.47 billion from N1.17 billion.
For the nine months ended September 30, 2026, revenue increased by 21 per cent to N657.15 billion from N540.82 billion in the corresponding period of 2025. Profit before tax rose 20 per cent to N35.92 billion from N29.89 billion, while profit after tax declined 44 per cent to N10.19 billion from N18.25 billion.
The company’s nine-month earnings were affected by higher income tax expenses, which increased to N25.73 billion from N11.64 billion in the same period of 2025.
Julius Berger recorded a net cash outflow of N22.46 billion from operating activities in the nine months to September 2026, compared with a net inflow of N20.13 billion a year earlier. Cash and cash equivalents stood at N185.46 billion at the end of September, up from N175.19 billion in the corresponding period of 2025.
The company operates in civil engineering, building construction, services and diversification, with projects and operations across Nigeria and other markets.
