IMG bolsters financial foundation, doubles shareholder equity, and distributes N365.5m in dividends to investors.

Industrial & Medical Gases Nigeria Plc has achieved a notable feat, with its shareholders' equity soaring to N11.84 billion in 2025, a significant increase from the previous year, while also distributing a cash dividend of N365.5 million, translating to 50 kobo per share.

This accomplishment is all the more impressive given the challenging business landscape, marked by rising inflation, increasing operating costs, and foreign exchange volatility, which the company navigated with resilience.

The company's audited results reveal a substantial rise in total equity, from N5.91 billion in 2024 to N11.84 billion in 2025, accompanied by a 46% increase in share capital, which climbed to N365.53 million from N249.75 million.

The number of issued Ordinary Shares also saw a significant 46% increase, reaching 731.06 million shares, reflecting a broader ownership structure and enhanced shareholder funds, underscoring the company's ability to attract and retain investors.

For the year ended December 31, 2025, Industrial & Medical Gases Nigeria Plc recorded revenue of N8.45 billion, a slight improvement from the N8.38 billion reported in the previous year, demonstrating the company's ability to maintain its revenue stream despite economic headwinds.

The company's Profit After Tax stood at N990 million, down from N1.62 billion in 2024, as the economic challenges weighed on its earnings, yet it continued to prioritize shareholder value through a strengthened balance sheet and sustained returns to investors.

Aminu Ado, Chairman of Industrial & Medical Gases Nigeria Plc, characterized the 2025 financial year as a testament to the company's adaptability, resilience, and strong stakeholder alignment, highlighting its ability to deliver a commendable performance amidst a challenging operating environment.

Ado noted that despite the difficulties faced during the year, the company's performance demonstrated its capacity to sustain business growth amid economic headwinds and industry pressures, a sentiment echoed in his description of the year as a resilient and commendable one.

Acting Managing Director Abayomi Oke emphasized that the company remains committed to driving sustainable growth through operational efficiency, customer retention, cost optimization, and strategic business development initiatives, aimed at sustaining profitability and long-term growth.

Oke expressed confidence in the company's ability to continue delivering sustainable growth and long-term shareholder value, despite the cautiously optimistic outlook for both the global and domestic economy, citing the resilience of its business as a key factor.

At the company's 66th Annual General Meeting, shareholders praised the Board and Management for successfully navigating the difficult operating environment and preserving value amid widespread economic uncertainty, with the meeting attended by key figures including Aderonke Segun-Alabi, Aminu Ado, Abayomi Oke, and Ishaya Danjuma.

Shareholders unanimously approved the dividend declared and all resolutions presented at the meeting, including the re-election of directors Aminu Ado, Adebola Oluwasuyi, and Ishaya Danjuma, demonstrating their confidence in the company's leadership and strategic direction.

Market operators observed that the strong endorsement from shareholders reflects growing confidence in Industrial & Medical Gases Nigeria Plc's strategic direction, financial discipline, and ability to sustain growth despite the prevailing economic challenges, a trend expected to continue in the future.