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Home Markets Equities Company Results

Fidson Healthcare records N4.8 billion profit in Q1 as revenue spikes across key segments 

Izuchukwu Okoye by Izuchukwu Okoye
May 3, 2025
in Company Results, Equities, Markets
Ohara Pharmaceutical increases take in Fidson, Fidson and Ohara signs partnership, Fidson Healthcare Plc, Fidson list additional shares Fidson and GSK business partnership, Fidson Healthcare Plc records 202% increase in 2020 FY pre-tax profit, Fidson proposes N417 million as dividend for 2020

Fidson Healthcare Plc

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Fidson Healthcare Plc has released its financial results for the first quarter ended 31st March 2025, reporting a pre-tax profit of N4.8 billion.

This reflects a year-on-year growth of 213.49% compared to the N1.5 billion reported in the same period of 2024, driven primarily by a significant increase in revenue.

The company posted a total revenue of N35 billion for the quarter, representing an 85.42% surge from N18.8 billion recorded in Q1 of the previous year.

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  • A breakdown of revenue sources reveals that ethical product sales contributed the largest share, totaling N22.9 billion.
  • This was followed by over-the-counter (OTC) product sales, which stood at N10.04 billion.

On the cost side, Fidson experienced a notable rise in its cost of sales, which climbed to N22.4 billion—an increase of 100.23% from N11.2 billion in Q1 2024.

Despite the steep rise in costs, gross profit expanded significantly, reaching N12.5 billion—a 63.77% improvement from the N7.6 billion recorded in the same quarter of the previous year.

However, operating expenses also saw substantial growth.

  • Administrative expenses more than doubled, rising by 106.25% to N3.3 billion.
  • Selling and distribution expenses also increased sharply, reaching N2.1 billion, up by 66.59%.

Nevertheless, the company maintained strong operational performance, with profit from core operations rising to N6.6 billion, up from N2.4 billion in the corresponding quarter of 2024.

Fidson also reported a healthy balance sheet.  

  • Total assets grew by 9.53% to N80.4 billion, up from N73.4 billion in Q1 2024.
  • Retained earnings increased by 18.32%, closing the quarter at N20.9 billion.

Highlights: 

  • Revenue: N35 billion, +85.42% YoY
  • Cost of sales: N22.4 billion, +100.23% YoY
  • Gross profit: N12.5 billion, +63.77% YoY
  • Administrative expenses: N3.3 billion, +106.25% YoY
  • Selling and distribution expenses: N2.1 billion, +66.59% YoY
  • Operating profit: N6.6 billion, +173.74% YoY
  • Pre-tax profit: N4.8 billion, +213.49% YoY
  • Retained earnings: N20.9 billion, +18.32% YoY

As of the close of trading on 2nd May 2025, Fidson Healthcare Plc’s shares were priced at N22.85, reflecting a year-to-date gain of 47.42%.


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Tags: 2025 Q1 ResultsFidson Healthcare Plcpre-tax profit
Izuchukwu Okoye

Izuchukwu Okoye

Okoye Izuchukwu is a financial market writer and trader with extensive expertise in both Nigerian and international markets. With a keen eye for market trends and a passion for insightful analysis, he translates complex financial concepts into engaging content. By combining practical trading experience with thorough research, Okoye offers valuable perspectives that empower readers to make informed decisions in the ever-evolving world of finance.

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