Julius Berger assets hit N1.08tn

Julius Berger Nigeria Plc said its total assets rose to N1.081 trillion in the 2025 financial year, as the construction firm posted higher earnings despite challenges in the operating environment.

The company disclosed this at its 2026 Investors’ Forum on Tuesday, where it also reported a 34.1 per cent increase in revenue to N759.9 billion, a pre-tax profit of N41 billion and a profit after tax of N30.2 billion.

Executive Director, Finance, Christian Hausemann, said the performance was driven by sustained activities in civil engineering and building construction projects and contributions from subsidiaries.

He added that efficient project execution, cost discipline and a diversified client base across the federal, state and private sectors supported the earnings.

The company said cash and cash equivalents stood at N192.1 billion, while interest-bearing liabilities amounted to N12.9 billion.

Managing Director of the company, Engr. Dr. Peer Lubasch, said the company’s low debt profile gives it flexibility to fund operations and pursue growth opportunities.

“This low leverage profile underscores a conservative funding approach and provides the company with significant flexibility to fund operations, absorb shocks and pursue growth opportunities,” he said.

Lubasch said the company’s financial performance reflected the strength of its business model and operating platform.

“Julius Berger’s Financial Year 2025 performance reflects the strength of our core business, the discipline of our execution model and the resilience of our operating platform,” he said.

The company said it invested about N837.9 million in community development initiatives and plans to publish its first sustainability report in line with IFRS S1 and IFRS S2 standards by 2027.

“Sustainability is increasingly integrated into our project delivery, procurement practices and overall corporate strategy,” Lubasch said.

He added that Julius Berger is consolidating its operations in the Benin Republic and evaluating new regional opportunities while maintaining investment discipline.

The company acknowledged challenges in the construction sector, including energy market disruptions, supply chain bottlenecks, logistics constraints and volatility in building material costs.

It, however, said it maintained performance through cost management measures, procurement strategies, efficient project delivery systems and diversified revenue streams.

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