Fidson Healthcare's Pre-Tax Profit Jumps 49.5% in 2026

Fidson Healthcare Plc recorded a pre-tax profit of N17.79 billion for the nine months ended September 30, 2026, reflecting a 49.47% increase from N11.90 billion in the same period of 2025. This profit surpassed the N14.96 billion reported for the entire year of 2025.

Profit after tax rose by 47.23% to N11.74 billion from N7.97 billion, while revenue increased by 20.98% to N112.61 billion. The growth in pre-tax profit was attributed to lower financing costs and a significant reduction in foreign exchange losses, despite a 65.75% rise in administrative expenses to N16.42 billion and a 50.17% increase in selling and distribution expenses to N11.51 billion.

The income tax expense also rose by 53.99% to N6.05 billion, resulting in an effective tax rate of approximately 34%. In the third quarter, pre-tax profit surged by 109.29% to N6.09 billion from N2.91 billion a year earlier.

Fidson's total assets increased by 56.20% to N125.41 billion during this period. The company’s share price remained unchanged at N83.50 on October 27, 2026.