Julius Berger Nigeria Plc, the nation’s leading engineering construction giant has reaffirmed its reputation as an investment-grade company at its 2025 Investors Forum, held virtually on June 24.
The Forum was notably the first hosted by the Company’s new Managing Director, Engr. Dr Peer Lubasch, who assumed leadership in October 2024.
Alongside Executive Director Finance, Mr Christian Hausemann, Dr Lubasch presented a compelling update on the company’s financial resilience, strategic direction, and forward-looking agenda, reinforcing Julius Berger’s enduring appeal to both local and international investors.
Julius Berger delivered a record-setting performance in 2024, underpinned by disciplined execution, operational resilience, and a forward-thinking growth strategy.
Record Revenue Growth: Group revenue surged by 27.8% to ₦567.7 billion, fuelled by increased project execution and enhanced contributions from subsidiaries.
Significant Increase in Profit: Profit before tax rose by 34.1% to ₦29.6 billion, supported by prudent cost management, FX-hedging through its German subsidiary, and investment returns.
Asset Base Expansion: Total assets climbed 48.9% to over ₦1.023 trillion, reinforcing balance sheet strength.
Historic Dividend: Paid its highest-ever dividend of ₦3.25 per share, totalling ₦5.2 billion, underscoring shareholder value creation.
Credit Rating Upgrade: Upgraded from A- to A (Stable Outlook) by Augusto & Co., driven by strong governance and financial health.
Diversified Shareholding Structure: 44.63% of shares held by a diverse mix of institutional, pension, and retail investors.
Cross-Border Expansion: Secured a second international contract in the Republic of Benin, solidifying its regional expansion agenda.
ESG and Digital Milestones: Major investments in solar power, digital fuel monitoring, and adoption of SAP S/4HANA ERP reflect a strong commitment to innovation and sustainability.
Resilience and Strategic Leadership:
Despite a turbulent macroeconomic landscape in 2024 marked by high inflation, exchange rate volatility, and surging material costs, Julius Berger delivered record financial results.
Dr. Lubasch highlighted that “Julius Berger’s momentum stayed strong, though the year was marked by economic volatility and shifting market dynamics.”
The Company’s robust structures, sound governance, and disciplined strategy ensured continued progress and operational stability.
Operational Excellence and Diversification:
In 2024, Julius Berger successfully executed high-impact infrastructure projects across Abia, Bayelsa, Lagos, Delta, and Rivers states, alongside strategic federal assets in Abuja.
Key projects included: Bodo-Bonny Road and Bridge: A Public Private Partnership (PPP) initiative unlocking economic potential in Rivers State; Opebi-Mende Link Bridge (Lagos): Easing traffic congestion and improving urban mobility Port Harcourt Ring Road (Rivers): One of the largest urban infrastructure projects in the state
Delta and Abia State Infrastructure: From road corridors in Warri-Effurun to full reconstruction of Port Harcourt Road in Aba.
