IMG Boosts Balance Sheet with 100% Increase in Equity

Industrial & Medical Gases (IMG) Nigeria Plc reported a robust performance for 2025, doubling shareholders’ equity to N11.84 billion and declaring a cash dividend of N365.5 million, equivalent to 50 kobo per share.

The company said the results were achieved despite a difficult business environment characterised by inflation, higher operating costs and foreign‑exchange volatility.

Audited figures show total equity rising from N5.91 billion in 2024 to N11.84 billion in 2025. Share capital grew by 46 percent to N365.53 million from N249.75 million, and the number of issued ordinary shares increased by 46 percent to 731.06 million, reflecting an expanded ownership base and stronger shareholder funds.

IMG said the performance highlights the resilience of its business model and the effectiveness of its strategic and financial management.

For the year ended 31 December 2025, the company recorded revenue of N8.45 billion, a modest increase from N8.38 billion in 2024. Profit after tax fell to N990 million from N1.62 billion in 2024, as economic headwinds impacted earnings. Nevertheless, the firm continued to enhance shareholder value through a stronger balance sheet and sustained returns to investors.

Aminu Ado, Chairman of IMG Nigeria Plc, described the 2025 financial year as evidence of the company’s resilience, adaptability and strong stakeholder alignment.

“Despite the challenging operating environment experienced during the year, IMG Nigeria Plc delivered a resilient and commendable performance in 2025. The year demonstrated our ability to sustain business growth amid economic headwinds and industry pressures,” Ado said.

Acting Managing Director Abayomi Oke spoke on the company’s outlook, noting that management remains focused on operational efficiency, customer retention, cost optimisation and strategic business development initiatives to drive sustainable growth.

“We remain focused on operational excellence, customer retention, cost optimisation and strategic business development initiatives aimed at sustaining profitability and long‑term growth,” Oke said.