AKINWALE ABOLUWADE
University Press Plc. (UPPlc) has announced a strong financial rebound for the year 2025, posting a revenue of N3.4 billion, representing a 29 per cent year-on-year growth.
The company also recorded a profit before tax of N619.7 million, a remarkable turnaround from the N222.2 million loss posted in the previous year.
The Chairman of the company, Mr. Obafunso Ogunkeye, disclosed this at the 47th Annual General Meeting (AGM) held at the Kakanfo Inn and Conference Centre, Ibadan.
He explained that the results reflected a 378.9 per cent year-on-year improvement in pre-tax earnings, driven by a better sales mix, effective marketing strategies, and internal cost optimization.
“In spite of the challenges of the year under review, the company achieved a strong turnaround in performance,” Ogunkeye said, while commending the loyalty and dedication of staff, which he described as the firm’s most valuable asset.
He further announced that, in light of the improved results, the Board of Directors has recommended a dividend of 15 kobo per share on every 50 kobo ordinary share.
Also speaking, the Managing Director/Chief Executive Officer, Mr. Samuel Kolawole, noted that the year under review marked a significant recovery for UPPlc.
He highlighted that earnings per share rose from a loss of 37 kobo in 2024 to a positive 104 kobo in 2025, representing a 381 per cent year-on-year growth.
“This reflects our enhanced profitability and efficient use of capital, translating our success into greater returns for shareholders,” Kolawole said.
Stakeholders at the AGM expressed satisfaction with the company’s performance and commended the board and management for steering the firm back to profitability, while urging them to sustain the momentum in the coming years.
Specifically the company’s shareholders, who spoke at the AGM, lauded the management team and staff for working hard for the company’s successful performance in the year under review.
Investors harped on the need for UPPlc. to boldly take advantage of digital initiative to further enhance the company’s publishing capabilities in successive years.
Mr. Ogunkeye was reelected as Chairman of the company. Professor Tracie Utoh-Ezeajugh retained appointment as an Independent Non-Executive Director among other appointments.
