Announcement • Jul 01
Mecure Industries PLC to Report Q2, 2026 Results on Jul 29, 2026 Mecure Industries PLC announced that they will report Q2, 2026 results on Jul 29, 2026 Announcement • Jun 02
Mecure Industries PLC, Annual General Meeting, Jul 10, 2026 Mecure Industries PLC, Annual General Meeting, Jul 10, 2026, at 09:00 W. Central Africa Standard Time. Location: neca hall, central business district, alausa, ikeja, lagos state, Nigeria New Risk • May 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Nigerian stocks, typically moving 9.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). High level of non-cash earnings (34% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.6% average weekly change). Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₦72.60, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 23x in the Pharmaceuticals industry in Africa. Total returns to shareholders of 558% over the past year. Reported Earnings • May 05
First quarter 2026 earnings released: EPS: ₦0.34 (vs ₦0.14 in 1Q 2025) First quarter 2026 results: EPS: ₦0.34 (up from ₦0.14 in 1Q 2025). Revenue: ₦20.2b (up 52% from 1Q 2025). Net income: ₦1.34b (up 136% from 1Q 2025). Profit margin: 6.7% (up from 4.3% in 1Q 2025). The increase in margin was driven by higher revenue. Board Change • Apr 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Non-Executive Director Joseph Babatunde was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 01
Mecure Industries PLC to Report Q1, 2026 Results on Apr 28, 2026 Mecure Industries PLC announced that they will report Q1, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₦61.50, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 20x in the Pharmaceuticals industry in Africa. Total returns to shareholders of 397% over the past year. Declared Dividend • Mar 05
Dividend increased to ₦0.32 Dividend of ₦0.32 is 113% higher than last year. Ex-date: 24th April 2026 Payment date: 1st January 1970 Dividend yield will be 0.5%, which is lower than the industry average of 2.4%. Announcement • Mar 05
Mecure Industries PLC announces Annual dividend Mecure Industries PLC announced Annual dividend of NGN 0.3200 per share, ex-date on April 24, 2026 and record date on April 23, 2026. Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: ₦1.62 (vs ₦0.58 in FY 2024) Full year 2025 results: EPS: ₦1.62 (up from ₦0.58 in FY 2024). Revenue: ₦77.7b (up 69% from FY 2024). Net income: ₦6.46b (up 178% from FY 2024). Profit margin: 8.3% (up from 5.1% in FY 2024). The increase in margin was driven by higher revenue. New Risk • Feb 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Nigerian stocks, typically moving 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). High level of non-cash earnings (44% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.8% average weekly change). Board Change • Feb 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Non-Executive Director Joseph Babatunde was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 01
Mecure Industries PLC to Report Fiscal Year 2025 Results on Feb 26, 2026 Mecure Industries PLC announced that they will report fiscal year 2025 results on Feb 26, 2026 New Risk • Dec 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Nigerian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Board Change • Dec 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 30
Mecure Industries PLC, Annual General Meeting, Oct 03, 2025 Mecure Industries PLC, Annual General Meeting, Oct 03, 2025, at 10:00 W. Central Africa Standard Time. Location: lagos oriental hotel, 3, lekki-epe expressway, victoria-island, lagos state, Nigeria Announcement • Jul 18
Mecure Industries PLC to Report First Half, 2025 Results on Jul 29, 2025 Mecure Industries PLC announced that they will report first half, 2025 results on Jul 29, 2025 Board Change • Jul 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 16
Mecure Industries PLC to Report Q1, 2025 Results on Apr 29, 2025 Mecure Industries PLC announced that they will report Q1, 2025 results on Apr 29, 2025 Board Change • Mar 10
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 04
Mecure Industries PLC announces Annual dividend, payable on July 03, 2025 Mecure Industries PLC announced Annual dividend of NGN 0.1500 per share payable on July 03, 2025, ex-date on April 21, 2025 and record date on April 18, 2025. Announcement • Feb 15
Mecure Industries PLC to Report Fiscal Year 2024 Results on Feb 27, 2025 Mecure Industries PLC announced that they will report fiscal year 2024 results on Feb 27, 2025 Board Change • Feb 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 23
Mecure Industries PLC to Report Q3, 2024 Results on Oct 29, 2024 Mecure Industries PLC announced that they will report Q3, 2024 results on Oct 29, 2024 Announcement • Oct 06
Zrosk Investment Management Ltd acquired 10% stake in Mecure Industries PLC (NGSE:MECURE). Zrosk Investment Management Ltd acquired 10% stake in Mecure Industries PLC (NGSE:MECURE) on October 2, 2024. The transaction, which was conducted off-market, has been finalized following approval from the Nigerian Exchange Group (NGX). This strategic investment marks a significant milestone for MeCure Industries as it continues to strengthen its capital base and accelerate its growth trajectory. The partnership with Zrosk Investment Management Ltd, brings not only financial backing but also a shared vision to expand and enhance MeCure’s footprint in the pharmaceutical and healthcare sectors. This transaction aims to improve operational efficiencies, and provide greater access to resources
necessary for advancing its market position.
Zrosk Investment Management Ltd completed the acquisition of 10% stake in Mecure Industries PLC (NGSE:MECURE) on October 2, 2024. New Risk • Sep 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Nigerian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₦30.6b market cap, or US$19.2m). Announcement • Jul 25
Mecure Industries PLC to Report Q2, 2024 Results on Jul 29, 2024 Mecure Industries PLC announced that they will report Q2, 2024 results on Jul 29, 2024 
