Julius Berger Nigeria Plc has reported a profit after tax of ₦9.8 billion for the first quarter ended March 31, 2026, its highest Q1 earnings on record, as the construction giant continues to harvest the gains of a robust infrastructure pipeline and a business model anchored firmly in civil works.

The result marks a sharp acceleration from recent quarterly baselines and continues a trajectory established in the company's full-year 2025 performance. For the full year ended December 31, 2025, Julius Berger recorded a 34.3% rise in revenue to ₦760.61 billion, while profit after tax more than doubled, growing 107.3% to ₦31.11 billion compared to ₦15 billion in 2024.

Civil works have been the consistent engine of that growth. The segment has contributed approximately 60% of the company's total revenue across recent reporting periods, with civil works revenue driven by both government and private sector contracts spanning roads, bridges, highways, and critical infrastructure projects across Nigeria.

The Q1 2026 outturn builds on a pipeline that provides exceptional forward revenue visibility. Future revenue from remaining performance obligations stands at ₦1.44 trillion, of which ₦843 billion is projected for 2026, with a further ₦601 billion expected from 2027 onwards, providing a solid foundation for sustained growth and long-term shareholder value.

The company's order book strength is a direct function of Nigeria's infrastructure push under President Bola Tinubu's Renewed Hope Agenda, which has maintained elevated capital allocations for road construction and rehabilitation. Julius Berger, as the country's dominant large-scale civil engineering contractor, has been the primary beneficiary of that spending.

The Q1 2026 profit figure also reflects improved cost management and investment income contributions. The company has, in recent periods, seen significant investment income growth, which, combined with civil works revenue dominance, has driven its earnings well above historical averages.

Earnings per share for the full year 2025 reached ₦19.28, compared to ₦9.20 in 2024, a near-doubling that investors have rewarded with sustained buying interest in the stock on the Nigerian Exchange. With Q1 2026 profit already at ₦9.8 billion, the company appears well on course to surpass its record 2025 outturn if execution momentum holds through the year.

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