University Press Plc profit falls 37% despite revenue growth, declares 18kobo dividend

University Press Plc reported audited 2026 Q1 results for the period ended March 31 2026 showing pre tax profit of N389.52 million down 37.15% year on year from N619.74 million and profit after tax of N213.67 million down 52% from N450.63 million Despite revenue growing 14.47% year on year to N3.89 billion from N3.40 billion profitability weakened as costs rose faster Cost of sales increased to N1.76 billion from N1.45 billion outpacing revenue growth and reducing gross margin to 54.74% from 57.53% Other operating income collapsed to N56.90 million from N404.94 million mainly due to lower profit on asset disposals The directors recommended an 18 kobo dividend per 50 kobo share N77.65 million total payable September 24 2026 to shareholders on the register as of August 31 2026 subject to AGM approval The stock traded at N5.15 down 14.17% year to date and 16.26% month on month reflecting investor concerns over declining profitability despite top line growth

SOURCE: https://nairametrics.com/2026/06/30/university-press-2026-profit-falls-52-dividend-rises-to-18-kobo/