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 international alternate 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 sooner than working profit, supported by decrease financing prices and a considerable discount in international alternate losses.
- Net alternate losses declined to N104.28 million from N4.16 billion a yr 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 earnings 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 international alternate 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 fee of roughly 34%.
Q3 Pre-Tax Profit doubles
Fidson recorded stronger earnings development in the third quarter, with pre-tax profit rising by 109.29% to N6.09 billion from N2.91 billion a yr 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 through 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 whole.
- 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 client 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 whole gross sales.
The outcomes point out that Fidson’s earnings development was supported by stronger gross sales throughout product classes and improved margins, alongside decrease international alternate losses.
Fidson Assets rise 56.20%
Fidson’s whole belongings elevated by 56.20% to N125.41 billion through the nine-month interval, reflecting important enlargement in its stability sheet.
- (*9*)’ funds almost doubled to N60.01 billion, supported by N21.36 billion raised from the corporate’s share problem.
- Trade and different receivables elevated by 164.93% to N29.32 billion, considerably outpacing the 20.98% development in income.
- Inventory rose by 39.21% to N36.96 billion, whereas whole 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 through the interval.
- Operating money circulation 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 problem prospectus earmarking N9.5 billion for debt compensation.
Nairametrics previously reported that Fidson’s N21 billion rights problem 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, under the 47.23% enhance in profit after tax.
Fidson shares acquire 66.7% YTD
Fidson Healthcare’s share worth closed unchanged at N83.50 on Tuesday, October 27, 2026, in accordance to the equipped 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 worth.
- Fidson started 2026 at N50.10 per share and had gained roughly 66.7% by the October 27 closing worth.
- 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 extra acquire past the day before today’s closing worth.
- The nine-month outcomes present stronger profitability, supported by decrease international alternate losses, improved margins and better working money circulation.
However, the sharp will increase in receivables, stock and borrowings stay necessary balance-sheet developments for buyers to monitor. The firm’s capability to maintain earnings development whereas managing working capital and financing obligations will stay related to its efficiency in the ultimate quarter of 2026.
