Mecure Industries Shares Rally 98%, Hit ₦55 on Strong Earnings

Shares of Mecure Industries Plc have recorded a sharp rally on the Nigerian Exchange, rising more than 98% month-to-date and crossing the ₦50 mark for the first time this year.

The stock, now trading at ₦55, has attracted strong investor interest following a surge in earnings. The company posted a 186% increase in pre-tax profit to ₦6.37 billion for the nine months ended September 2025, driven largely by robust sales growth.

Revenue nearly doubled year-on-year to ₦60.01 billion, with strong contributions from acute medications, over-the-counter products, supplements and chronic drugs. Despite higher input costs and operating expenses, margins improved as operating profit climbed to ₦13 billion.

Total assets expanded significantly during the period, reflecting capacity expansion and new production facilities, though borrowings also increased, pushing up finance costs.

The stock’s strong performance in December capped a dramatic turnaround after dipping below ₦28 in November, bringing year-to-date gains to nearly 296%.