Julius Berger Nigeria Plc has approved a gross dividend payout of N5.2 billion during its 55th Annual General Meeting.

According to a statement from the company’s Senior Media Relations Officer, Emmanuel Isibor, the Chairman of the Board, Goni Sheikh, confirmed that shareholders will receive N3.25 for every 50 kobo ordinary share.

Sheikh acknowledged that the group’s financial performance continues to be impacted by rising inflation, currency depreciation, and high interest rates—factors that have significantly increased construction costs. He also cited regional security issues and unrest as added challenges but emphasized the company's commitment to risk management and operational continuity.

He further highlighted Julius Berger’s "safety first" philosophy as a key driver of efficiency, noting that this culture has significantly reduced workplace incidents and boosted productivity.

“Our focus on health, safety, and environmental excellence remains firm,” Sheikh said. “In 2024, we met our revenue and profit goals despite macroeconomic pressures, proving our financial resilience across our business portfolio.”

Managing Director, Dr. Peer Lubasch, in his remarks, noted that the company has made notable progress under his leadership despite a tough economic environment.

Lubasch explained that the construction sector faces numerous hurdles, including ongoing foreign exchange shortages, high inflation, escalating fuel prices, and insecurity. However, he stated that Julius Berger is committed to converting these obstacles into strategic opportunities.

“Our adaptability and focus on sustainable growth have helped us weather these storms,” he said. “We achieved record revenue, grew our asset base, and maintained stability across all projects during the reporting period.”

On expanding its presence beyond Nigeria, Lubasch revealed that Julius Berger has secured two new contracts in the Republic of Benin. He assured shareholders that the company’s consistent progress is driven by disciplined strategy execution, agile leadership, and a workforce rooted in core values like excellence, responsibility, courage, and collaboration.

“With our skilled team, efficient management, and unique operational model, we are well-positioned for continued growth and trust from both our clients and shareholders,” Lubasch concluded.