Shares of Mecure Industries Plc have surged 98.56% month-to-date on the Nigerian Exchange, breaking above the N50 psychological level.
The stock is currently priced at N55.00, with 11.7 million shares traded, reflecting strong bullish momentum and heightened investor interest.
Improved earnings likely drove the price surge, with pre-tax profit soaring 186% to N6.37 billion in the nine months ended September 2025, up from N2.23 billion, on booming sales.
According to unaudited results filed with the NGX, Mecure Industries posted a 98.6% year-on-year revenue growth, reaching N60.01 billion in the first nine months of 2025.
Cost of sales rose 96% with revenue, fueled by higher raw material costs and increased depreciation from expanded capacity, including the new corticosteroid factory.
Operating expenses increased by 50%, mainly due to higher marketing, administrative overheads, utilities, and logistics.
On the balance sheet, total assets grew to N78.23 billion from N54.84 billion at the end of 2024.
Total borrowings increased by 49% to N53.71 billion, mainly from commercial papers (N28.73 billion) and working capital loans (N10.43 billion).
This significantly impacted on finance costs.
Nevertheless, the company’s strong nine-month results likely impressed investors, lifting the stock past N50 after it touched a low of N27.70 earlier in December.
Shares of the company started 2025 at N13.90 but fell to N11.25 by March, marking a 19.06% decline in the first quarter.
A mild bullish recovery in Q2 lifted the stock to N12.85, but the significant uptrend began in Q3, pushing the price to N26.10 by September.
After a 9.77% dip in November to N27.70, investors took advantage of the low, driving the stock sharply higher in December, reaching N55.
Year-to-date, the stock has surged 295.68% on the Nigerian Exchange.