Fidson Healthcare Plc recorded a 49.47% enhance in pre-tax profit to N17.79 billion for the 9 months ended September 30, 2026, in contrast with N11.90 billion in the corresponding interval of 2025, as overseas trade losses declined sharply.
According to the company’s unaudited financial statements filed with the Nigerian Exchange (NGX) on Tuesday, October 27, 2026, the nine-month pre-tax profit has already exceeded the N14.96 billion reported for the entire of 2025.
Profit after tax rose by 47.23% to N11.74 billion from N7.97 billion, whereas income elevated by 20.98% to N112.61 billion.
Fidson FX losses shrink sharply
Fidson’s pre-tax profit grew quicker than working profit, supported by decrease financing prices and a considerable discount in overseas trade losses.
- Net trade losses declined to N104.28 million from N4.16 billion a 12 months earlier, representing a discount of roughly N4.06 billion.
- Finance prices fell by 27.44% to N3.73 billion from N5.14 billion, whereas finance revenue elevated to N272.13 million from N92.73 million.
- Interest on financial institution loans declined to N3.03 billion from N3.54 billion, whereas curiosity on business paper and different liabilities fell to N603.64 million from N1.43 billion.
- Gross profit elevated by 28.07% to N48.94 billion, lifting gross margin to roughly 43.45% from 41.06%.
- Operating profit rose by 25.37% to N21.24 billion, whereas working margin improved to 18.86% from 18.21%.
- The decline in overseas trade losses was equal to roughly 69% of the N5.89 billion enhance in pre-tax profit.
However, administrative bills rose by 65.75% to N16.42 billion, whereas promoting and distribution bills elevated by 50.17% to N11.51 billion.
Income tax expense additionally elevated by 53.99% to N6.05 billion, representing an efficient tax price of roughly 34%.
Q3 Pre-Tax Profit doubles
Fidson recorded stronger earnings progress in the third quarter, with pre-tax profit rising by 109.29% to N6.09 billion from N2.91 billion a 12 months earlier.
- Profit after tax rose by 106.17% to N4.02 billion, whereas third-quarter income elevated by 25.27% to N38.13 billion.
- Third-quarter working profit elevated by 43.46% to N6.86 billion, reflecting improved profitability in the course of the interval.
- Nairametrics beforehand reported that Fidson recorded N11.70 billion in pre-tax profit during the first half of 2026, with the third quarter contributing roughly one-third of the nine-month complete.
- Ethical merchandise generated N69.19 billion, up 13.17%, accounting for roughly 61% of the corporate’s nine-month income.
- Over-the-counter merchandise elevated by 26.01% to N35.05 billion, whereas shopper healthcare income rose by 69.77% to N6.39 billion.
- Export income elevated to N1.98 billion from N364.64 million, though Nigeria continued to account for roughly 98% of complete gross sales.
The outcomes point out that Fidson’s earnings progress was supported by stronger gross sales throughout product classes and improved margins, alongside decrease overseas trade losses.
Fidson Assets rise 56.20%
Fidson’s complete belongings elevated by 56.20% to N125.41 billion in the course of the nine-month interval, reflecting vital growth in its steadiness sheet.
- Shareholders’ funds practically doubled to N60.01 billion, supported by N21.36 billion raised from the corporate’s share situation.
- Trade and different receivables elevated by 164.93% to N29.32 billion, considerably outpacing the 20.98% progress in income.
- Inventory rose by 39.21% to N36.96 billion, whereas complete borrowings elevated by 70.30% to N23.85 billion from roughly N14 billion.
- The firm repaid N20.29 billion in loans however obtained N30.16 billion in new borrowings in the course of the interval.
- Operating money circulate elevated by 93.94% to N32.62 billion, whereas money balances rose by roughly 132% to N10.93 billion.
- Capital expenditure stood at N9.97 billion, whereas the rise in borrowings got here regardless of the rights situation prospectus earmarking N9.5 billion for debt reimbursement.
Nairametrics previously reported that Fidson’s N21 billion rights situation of 600 million shares at N35 per share was oversubscribed by 117.3%.
The enlarged share base additionally contributed to primary earnings per share rising by 12.68% to N3.91, beneath the 47.23% enhance in profit after tax.
Fidson shares acquire 66.7% YTD
Fidson Healthcare’s share value closed unchanged at N83.50 on Tuesday, October 27, 2026, in accordance to the provided market information.
- By noon on Wednesday, October 28, the inventory had risen by 4.37%, or N3.65, to N87.15 from the earlier closing value.
- Fidson started 2026 at N50.10 per share and had gained roughly 66.7% by the October 27 closing value.
- The firm ranked thirty second on the Nigerian Exchange in year-to-date share-price efficiency as of that closing session.
- The enhance to N87.15 throughout Wednesday’s buying and selling represented an additional acquire past yesterday’s closing value.
- The nine-month outcomes present stronger profitability, supported by decrease overseas trade losses, improved margins and better working money circulate.
However, the sharp will increase in receivables, stock and borrowings stay vital balance-sheet developments for traders to monitor. The firm’s capacity to maintain earnings progress whereas managing working capital and financing obligations will stay related to its efficiency in the ultimate quarter of 2026.
