Fidson Healthcare records N4.8 billion profit in Q1 as revenue spikes across key segments 

This reflects a year-on-year growth of 213.49% compared to the N1.5 billion reported in the same period of 2024, driven primarily by a significant increase in revenue.

The company posted a total revenue of N35 billion for the quarter, representing an 85.42% surge from N18.8 billion recorded in Q1 of the previous year.

On the cost side, Fidson experienced a notable rise in its cost of sales, which climbed to N22.4 billion—an increase of 100.23% from N11.2 billion in Q1 2024.

Despite the steep rise in costs, gross profit expanded significantly, reaching N12.5 billion—a 63.77% improvement from the N7.6 billion recorded in the same quarter of the previous year.

However, operating expenses also saw substantial growth.

Nevertheless, the company maintained strong operational performance, with profit from core operations rising to N6.6 billion, up from N2.4 billion in the corresponding quarter of 2024.

Fidson also reported a healthy balance sheet.  

As of the close of trading on 2nd May 2025, Fidson Healthcare Plc’s shares were priced at N22.85, reflecting a year-to-date gain of 47.42%.