Not compliant
NASCON Allied Industries does not pass Shariah screening under the AAOIFI Standard.
NGX: NASCON · Consumer goods · Screened 3 Sept 2026 · H1 2026 accounts
NASCON Allied Industries Plc is a Dangote group subsidiary and Nigeria's leading producer of refined salt and seasoning. The company was formerly known as NASCON Industries Plc and changed its name to Nascon Allied Industries Plc in July 2015. Its core business is processing raw salt into refined, edible and industrial-grade salt, marketed as Dangote Refined Salt in 250g, 500g and 1kg retail packs. It also produces seasoning cubes under the Dangote Classic Seasoning brand. The company expanded in recent years into seasoning, tomato paste and vegetable oil, though the vegetable oil plant was sold in December 2021. Its stated strategic focus is operational excellence within the core salt and seasoning segments. Salt sales alone accounted for 92.46% of total revenue in 2025.
Revenue rose 27% to N152.7 billion in 2025 from N120.4 billion, with profit before tax of N48.24 billion, up approximately 104% from N23.65 billion, and profit after tax up 115% to N33.5 billion from N15.58 billion. Earnings per share rose to N12.41 from N5.77. The board proposed a dividend of N6.00 per share, a 200% increase on the prior year's N2.00. The company's total asset base expanded 72% to N135.3 billion, driven by investment in new Compressed Natural Gas trucks.
Salt, which is the core business, and seasoning, with tomato paste as a smaller line. The vegetable oil plant was disposed of in December 2021.
No. As of 3 September 2026, NASCON Allied Industries (NASCON) does not pass Shariah screening under the AAOIFI Standard.
Qistal re-screens every NGX ticker when new audited or interim accounts are filed. This page always shows the date of the most recent screen.
Yes. Compliance drifts as a company borrows, raises cash, or changes its business mix, so a verdict describes a moment rather than a permanent status.