Fidson Healthcare Plc has reported a 47.2 percent increase in its nine-month net profit to N11.74 billion in 2026. This growth was driven by lower foreign-exchange losses and finance costs, which boosted earnings. The company's revenue rose to N112.61 billion in the nine months ended September 2026, from N93.08 billion a year earlier. This represents a 21 percent growth in revenue.
The company's gross profit increased by 28.1 percent to N48.94 billion, pushing its gross margin to about 43.5 percent from 41.1 percent. Operating profit climbed 25.4 percent to N21.24 billion. However, administrative expenses rose 65.8 percent to N16.42 billion, while selling and distribution costs increased 50.3 percent to N11.51 billion. This indicates that the cost of expanding and distributing the business is growing quickly.
The significant boost in earnings came from foreign exchange. Net exchange losses narrowed to N104.3 million from N4.16 billion in the same period of 2025. Finance costs also fell 27.4 percent to N3.73 billion from N5.14 billion. These top-line items' performance helped push profit before tax up 49.5 percent to N17.79 billion, while profit after tax rose to N11.74 billion from N7.97 billion.
Fidson Healthcare's net cash generated from operating activities surged to N32.62 billion from N8.82 billion. However, the increase was supported by a N23.72 billion contribution from higher trade and other payables, along with N17.53 billion released from prepayments. Meanwhile, receivables absorbed N18.25 billion, and inventory absorbed N10.41 billion.
The company's investment activities also accelerated. Purchases of property, plant and equipment reached N9.97 billion, compared with N5.06 billion in the corresponding 2025 period. Investing cash outflow consequently widened to N9.96 billion from N5.40 billion. Financing activities consumed N16.44 billion, against N3.41 billion a year earlier.
Despite the increased spending, Fidson Healthcare's cash and bank balances increased to N10.93 billion from N7.83 billion. The company's balance sheet also expanded, with total assets reaching N125.41 billion, compared with N87 billion at September 2025. Equity more than doubled to N60.01 billion.
Fidson shares currently trade at N83.50, giving the company a market capitalisation of N250.73 billion. Its year-to-date share-price return is 51.82 percent. The 2026 statements record a N21.36 billion share issue credited to share premium, strengthening the equity base alongside retained earnings. Total liabilities stood at N65.40 billion.
Key points
- Fidson Healthcare Plc's nine-month net profit grew 47.2 percent to N11.74 billion in 2026.
- The company's revenue rose 21 percent to N112.61 billion in the nine months ended September 2026.
- Fidson Healthcare's market capitalisation stands at N250.73 billion.
