H1 2026: Fidson sales are booming, but customers now owe N26 billion
Fidson Healthcare delivered another strong performance in the first half of 2026, with revenue rising 18.9% to N74.48 billion and profit after tax climbing 28.16% to N7.721 billion. The post H1 2026: Fidson sales are booming, but customers now owe N26 billion appeared first on Nairametrics .
In the first half of 2026, Fidson Healthcare experienced robust sales growth, increasing by 18.9% to N74.48 billion, with profit after tax rising by 28.16% to N7.721 billion. The company managed to generate about 62.6% of its entire 2025 revenue and 78.2% of the pre-tax profit in just six months, indicating strong momentum for another successful year.
However, despite this impressive sales performance, Fidson's customer debts are growing at an alarming rate, with customer debts rising by N15.41 billion, nearly twice the company's profit after tax for the half-year. This is a cause for concern as the company's cash flow from sales has yet to be collected, and if the trend continues, Fidson may need to rely more on borrowing, potentially affecting its pre-tax profit, profit after tax, and earnings per share.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
