Fidson Healthcare data N4.8 billion revenue in Q1 as income spikes throughout key segments 

Fidson Healthcare Plc has launched its monetary outcomes for the primary quarter ended thirty first March 2025, reporting a pre-tax revenue of N4.8 billion.

This displays a year-on-year development of 213.49% in comparison with the N1.5 billion reported in the identical interval of 2024, pushed primarily by a big enhance in income.

The corporate posted a complete income of N35 billion for the quarter, representing an 85.42% surge from N18.8 billion recorded in Q1 of the earlier yr.

• A breakdown of income sources reveals that moral product gross sales contributed the biggest share, totaling N22.9 billion.
• This was adopted by over-the-counter (OTC) product gross sales, which stood at N10.04 billion.

On the fee facet, Fidson skilled a notable rise in its value of gross sales, which climbed to N22.4 billion—a rise of 100.23% from N11.2 billion in Q1 2024.

Regardless of the steep rise in prices, gross revenue expanded considerably, reaching N12.5 billion—a 63.77% enchancment from the N7.6 billion recorded in the identical quarter of the earlier yr.

Nonetheless, working bills additionally noticed substantial development.

• Administrative bills greater than doubled, rising by 106.25% to N3.3 billion.
• Promoting and distribution bills additionally elevated sharply, reaching N2.1 billion, up by 66.59%.

Nonetheless, the corporate maintained robust operational efficiency, with revenue from core operations rising to N6.6 billion, up from N2.4 billion within the corresponding quarter of 2024.

Fidson additionally reported a wholesome steadiness sheet.  

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

Highlights: 

• Income: N35 billion, +85.42% YoY
• Price of gross sales: N22.4 billion, +100.23% YoY
• Gross revenue: N12.5 billion, +63.77% YoY
• Administrative bills: N3.3 billion, +106.25% YoY
• Promoting and distribution bills: N2.1 billion, +66.59% YoY
• Working revenue: N6.6 billion, +173.74% YoY
• Pre-tax revenue: N4.8 billion, +213.49% YoY
• Retained earnings: N20.9 billion, +18.32% YoY

As of the shut of buying and selling on 2nd Might 2025, Fidson Healthcare Plc’s shares had been priced at N22.85, reflecting a year-to-date achieve of 47.42%.