MeCure Industries reports N7.93B profit, 369% stock surge
MeCure Industries Plc released full-year results showing N7.93 billion pre-tax profit for 2025, up 140.18% from N3.30 billion in 2024. Profit after tax reached N6.463 billion, the highest in three years and over 80% of combined profits. Revenue grew 68.80% to N77.69 billion, driven by strong performance in Acute and OTC pharmaceutical segments which contributed 77% of total revenue. The company declared a N0.32 per share dividend, a 113.33% increase from 2024. Stock gained 16.30% year-to-date, following a 369% surge last year. Key drivers include improved cost absorption despite higher finance costs and leverage.