SCOA Nigeria PLC Shares Surge 437% in Early 2026

SCOA Nigeria PLC experienced a remarkable share price increase of 437% year-to-date, rising from N7.10 at the start of 2026 to N38.15 by the end of February. This performance ranks it second among the best-performing stocks on the exchange, following Zichi Agro Allied Industries PLC, which faced trading suspension due to extraordinary price movements.

In February alone, SCOA's shares advanced by 22%, contributing to a total gain of 245% since the beginning of 2025 when shares were valued at N2.06. An investment of N1 million at the start of 2025 would have acquired approximately 485,437 shares, which would be worth N18.52 million by February 2026, yielding a capital gain of N17.52 million.

The company's revenue rose by 41% year-on-year, reaching N8.36 billion in 2025 compared to N5.93 billion in 2024. However, the stock's valuation, trading nearly 80 times trailing earnings, suggests that future earnings growth is necessary to justify its current price.