Mecure Industries Plc recorded a 136 leap in profit after tax to N1.92 billipn in the first quater of 2026.
The company also recorded a revenue of N20.15 billion, representing a 52 per cent during the period and Earning Per Share (EPS) of N0.34, reflecting a 143 per cent year-on-year increase.
According to Mrs. Dukor Anderline, Co-CEO, Operations, in the first quarter of 2026, MeCure Industries PLC delivered a strong financialperformance, navigating a still-challenging but gradually stabilizing macroeconomic environment inNigeria and globally.
She said the Nigerian economy in early 2026 continued to adjust to the effects of structural reforms implemented over the past year, including foreign exchange liberalization and tight monetary policyaimed at curbing inflation.
“While inflation remains elevated, it has shown signs of gradual moderation,and exchange rate volatility, though still present, has become relatively more predictable. “These developments, alongside improving global supply chain conditions and easing energy price pressures, have contributed to a cautiously improving operating environment for manufacturers, said Mrs. Dukor.
Performance reflects the strength of its strategic positioning. TheCompany continues to benefit from its sustained investment in local manufacturing capacity, whichreduces exposure to foreign exchange risks and supports cost efficiency. Enhanced supply chaindiversification and improved procurement strategies have also helped mitigate input cost volatility andensure product availability across key markets.Despite ongoing cost pressures—particularly from elevated borrowing costs in a high-interest-rateenvironment and inflation-driven increases in operating expenses—the Company maintained strongprofitability growth. This was supported by disciplined cost management, improved product mix, andcontinued focus on high-margin therapeutic segments.
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