Prime Business Africa
Fidson Healthcare Plc generated N119.06 billion revenue in 2025, exceeding the N84.18 billion topline recorded in 2024, representing 41.42 percent.
In the company’s unaudited report and financial statements for the period ended December 31, 2025, Fidson spent N69.91 billion on the cost of production, which rose by 42.43 percent from the N49.08 billion incurred the year before.
Join our WhatsApp ChannelThis shows cost gulped 58.72 percent of Fidson’s turnover last year, rising from 58.30 percent in 2024, according to Prime Business Africa’s analysis.
Following the deduction of the cost of sales, the drugmaker was left with a gross profit of N49.14 billion in 2025, up from the N35.10 billion achieved in 2024, indicating a 39.99 percent growth.
The company’s topline was bolstered by a 49.63 percent growth in other gains, which improved from N611.87 million in 2024 to N915.59 million last year.
However, administrative expenses shrank Fidson’s earnings, as it increased by 55.61 percent year-on-year, from N8.71 billion to N13.55 billion, while selling and distribution expenses increased by 22.77 percent, from N8.11 billion to N9.96 billion.
Also, the drug manufacturer recorded impairment loss of N176.53 million last year, compared to the N301.44 million of 2024, while incurring net exchange loss of N5,51 billion in 2025, above the N5.44 billion posted the year before.
After the deductions of the aforementioned, Fidson registered N20.84 billion operating profit, surpassing the N13.13 billion recorded in 2024, representing a 58.73 percent.
In addition, Fidson’s finance costs increased twofold or 29.25 percent year-on-year, from N5.49 billion to N7.1 billion, while finance income grew threefold or 140.43 percent, from N60.02 million to N144.31 million.
With interest earned on loans and receivables (finance income) rising faster than interest on bank loans, overdraft, and other financial liability costs (finance costs), the drugmaker recorded an 80.40 percent growth in profit before tax (PBT), up from N7.7 billion in 2024 to N13.89 billion last year.
During the period under review, the company paid N4.58 billion in income tax, up by 138.63 percent from the N1.92 billion recorded in 2024.
This led to Fidson recording N9.30 billion as profit after tax (PAT) in 2025, which exceeded the N5.77 billion net income earned in 2024, reflecting an increase of 61.05 percent.
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
