Julius Berger Nigeria Plc reported a 14.7 percent decline in profit after tax to N6.06 billion for the first half of 2026, despite a 23.6 percent increase in revenue to N424.56 billion. The firm’s pre-tax profit rose by 78.6 percent to N23.52 billion, but this growth was significantly eroded by a 188.1 percent surge in income tax expenses. While the company saw improved performance in the second quarter, negative operating cash flows remain a challenge as working capital requirements and capital expenditure continue to pressure liquidity.