Nigeria’s youngest dealmaker, Folasope Aiyesimoju, to pocket N743.08 million from UAC

One of Nigeria’s youngest dealmakers, Folasope Babasola Aiyesimoju, CEO and largest shareholder of UAC of Nigeria Plc (UACN), is set to receive a N743.08 million ($539,117) payout from his stake in the company, a leading diversified conglomerate operating across foods and beverages, real estate, paints, and logistics.

The payout forms part of the group’s recommended total dividend of N2.93 billion ($2.12 million) for fiscal year 2025, reflecting the company’s robust earnings performance, strong cash flow generation, and sustained growth across its diversified business portfolio.

UAC of Nigeria PLC is a holding company with six (6) subsidiaries with interests organised around four (4) principal sectors. Its operations include UAC Foods Limited, producers of Gala Sausage Roll and Delite Fruit Juice; UAC Restaurants Limited, operator of Mr Bigg’s outlets; MDS Logistics, a hub for pharmaceutical distribution; and stakes in Livestock Feeds Plc and Portland Paints Nigeria.

The dividend highlights UAC’s commitment to rewarding shareholders while continuing to expand in high-growth sectors of the Nigerian economy, cementing its position as one of the country’s most resilient and diversified industrial groups.

The dividend, to be paid on Wednesday, June 26, 2026, is a testament to UACN’s impressive financial results. The board of directors recommended a dividend of N1 ($0.00072558) per share for the 2025 fiscal year.

UAC of Nigeria posts strong revenue growth despite profit dip

Under Aiyesimoju’s strategic leadership, UAC of Nigeria Plc reported mixed financial results for the period, with profit after tax declining 39% to N9.91 billion ($7.19 million) from N16.31 billion ($11.83 million), while gross revenue surged 73% to N340.47 billion ($246.8 million) from N196.90 billion ($142.8 million), reflecting robust performance across its diversified businesses in foods and beverages, real estate, paints, and logistics.

The company’s balance sheet showed significant expansion, with total assets soaring 278.5% to N597.06 billion ($433.2 million), driven by strategic acquisitions and investments. Retained earnings rose to N53.38 billion ($38.7 million), while total equity inched up 5% to N69.77 billion ($50.6 million), underscoring UAC’s resilience and commitment to long-term financial stability amidst aggressive growth in key sectors.

UAC of Nigeria’s financial performance prompted its board to propose a dividend of N1 ($0.00072558) per share, up 354.55% from the dividend of N0.22 per share paid to shareholders in the previous year.

Aiyesimoju, who holds a 25.36% stake in UACN, equivalent to 743,083,816 shares, stands to receive N743,083,816 ($539,406.91), solidifying his position as the company’s richest earner of dividends, benefiting directly from the group’s strong performance across foods and beverages, real estate, paints, and logistics. (Shore Africa)