May & Baker Nigeria Plc (NGX: MAYBAKER) has announced its financial results for the year ended 31 December 2025, with revenue climbing to 32.4%.
Profit after tax increased approximately 174% to ₦4.44 billion, compared to ₦1.62 billion the previous year.
This translated to earnings per share of 257 Kobo, rose from 94 Kobo in 2024.
The Group recorded revenue of ₦38.26 billion in 2025, up 32.4% from ₦28.91 billion in 2024.
The Company posted ₦34.83 billion, reflecting 31.5% growth from ₦26.49 billion the previous year.
The pharmaceuticals segment remained the dominant contributor, generating ₦37.77 billion for the Group up from ₦28.70 billion and ₦34.34 billion for the Company.
The beverage segment bottled water grew to ₦489 million from ₦201 million, showing positive momentum in diversification.
The Board has recommended a final dividend of 50 Kobo per 50 Kobo share subject to approval at the upcoming Annual General Meeting.
The dividend will be paid electronically on 4 June 2026 to shareholders whose names appear on the register as at the close of business on Tuesday, 19 May 2026.
The company’s Annual General Meeting is scheduled for Thursday, 4 June 2026.
The free float remained compliant at 35.27%.
About the company
May & Baker Nigeria Plc, Nigeria’s first pharmaceutical company, was founded on the 4th September 1944 as May & Baker (West Africa) Limited, a trading outpost at 17A Tinubu Street, Lagos, serving the West Coast of Africa.
Its roots trace back to England, where three chemists established Grimwade, May & Pickett in 1834 for manufacturing pharmaceutical chemicals.
The firm became May & Baker United Kingdom Limited in 1839 and later grew into a major European conglomerate through mergers and acquisitions.
The Nigerian operation relocated to Ikeja during the civil war and built its manufacturing factory there in 1976, the same year it was renamed May & Baker Nigeria Limited and began local production.
Following the 1979 indigenisation decree, the UK parent reduced its stake to 40%, and the company briefly operated as Embechem Nigeria Limited before reverting to its original name.
It was listed on the Nigerian Stock Exchange (now NGX) by introduction on 10 November 1994, becoming May & Baker Nigeria Plc.
Administrator and Writer
