May & Baker Nigeria's Profit Surges 81.5% in 2026
May & Baker Nigeria Plc (NGX: MAYBAKER) reported a profit before tax of N8.92 billion for the nine months ended September 2026, marking an increase of 81.5% from N4.92 billion in the same period of 2025. In the third quarter, pre-tax profit rose to N4.07 billion from N1.70 billion a year earlier.
The company’s revenue increased by 4.89% to N30.97 billion, with pharmaceuticals contributing N30.87 billion and beverages N632.21 million. Notably, total external debt decreased to N3.25 billion, down 49.34% from N6.42 billion a year earlier.
The balance sheet showed total assets rose to N34.46 billion, up 33.80% from N25.75 billion in September 2025. Cash generated from operations improved significantly, increasing to N5.25 billion from N2.13 billion in the same period of 2025.
The share price as of 30 September 2026 was N39.20, a year-on-year increase of approximately 140.49%.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
Read full article
Continue on Nairametrics
Get the week in one email
Top stories, NPFL results, the naira, every Friday morning. Free, one email a week.
Related Stories
May & Baker Nigeria Board Meeting: Q3 2026 Results Due
HBM Nigeria Plc Reports 32.4% Profit Increase in 2026
MeCure Industries Reports 35.71% Profit Increase for 2026
Nigerian firms post double-digit profit gains in 9M 2026 despite tax headwinds
Nigerian Breweries Achieves N1.10 Trillion Revenue Growth
Guinness Nigeria Achieves N40.69bn Profit in Nine Months
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
