Meyer Plc

NGSE:MEYER Stock Report

Market Cap: ₦7.9b

Meyer Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Henshaw Nwaorgu

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure1.7yrs
CEO ownershipn/a
Management average tenureno data
Board average tenure14.9yrs

Recent management updates

Recent updates

Narrative Update • Aug 03

Meyer Plc Delivers Moderate Revenue Growth but Earnings Decline in Q1 2026 Amid Rising Cost Pressures

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) Meyer Plc reported a mixed financial performance for the three months ended March 31, 2026, with modest revenue growth but declining profitability due to rising operating costs. Revenue increased by 15% YoY to ₦1.25 billion, driven by growth across its decorative and industrial paint segments.
Narrative Update • May 07

Meyer Plc Reports Strong Q4 FY25 Earnings Growth Driven by Revenue Expansion and Robust Finance Income

Analyst: Qudus Adebara Executive Summary Meyer Plc and its subsidiary delivered a solid performance for the period ended 31 December 2025 , with consolidated revenue rising 35.5% YoY to ₦4.23 billion , driven by higher paint sales and growth in painting services. Gross profit improved to ₦1.51 billion (+45.3% YoY) , reflecting improved cost management and operational efficiency.
Narrative Update • Feb 08

Meyer Plc – Solid 9M 2025 Performance with Strong Operating Profit

Analyst: Qudus Adebara Executive Summary Meyer Plc reported a robust increase in profitability for the nine months ended September 30, 2025. Revenue grew 43% YoY to ₦2.98 billion , supported by higher sales volumes and improved operational efficiency.

CEO

Henshaw Nwaorgu

1.7yrs
Tenure

Mr. Henshaw Nwaorgu is MD & Director of Meyer Plc from January 3, 2025 He joined Meyer PLC since April 2024. He served as a Head of Manufacturing at Berger Paints Nigeria Plc since July 2018.He has many y...

Board Members

NamePositionTenureCompensationOwnership
Henshaw Nwaorgu
MD & Director1.7yrsno datano data
Osa Osunde
Non-Executive Director22.3yrsno datano data
Olukayode Falowo
Chairman of the Board16.6yrsno datano data
Oluwatoyin Okeowo
Non-Executive Director13.7yrsno datano data
Erelu Adebayo
Non-Executive Director16.2yrsno datano data
Anthony Ukponi
Non-Executive Director16.2yrsno datano data
Ochee Bamgboye
Independent Non-Executive Director11.8yrsno datano data
Godswill Umunakwe
Non-Executive Director2.4yrsno datano data
14.9yrs
Average Tenure

Experienced Board: MEYER's board of directors are seasoned and experienced ( 14.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/13 18:20
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Meyer Plc is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.