Fidson proposes N1/share final dividend

FIDSON Healthcare Plc has for the period ended 31 December, 2024 proposed a final dividend of N1 per 50 kobo ordinary shares.

Its annual report and financial statements for the year ended December 31, 2024 indicated that profit before taxation (PBT) rose by 30 percent to N7.7billion from N5.917billion in 2023 financial year.

The company’s profit for the year stood higher at N5.779 billion from N3.607 billion in 2023, up by 59 percent. 

In addition to the profit growth, Fidson’s revenue also surged by 59 per cent, rising from N53.050 billion in 2023 to N84.189 billion in 2024. The company’s share capital remained unchanged at 1.147 billion for both 2023 and 2024.

Fidson’s shareholders’ funds increased by 23 per cent, growing from N19.293 billion in 2023 to N23.726 billion in 2024. The company also saw a 33 per cent rise in retained earnings, which grew from N13.313 billion in 2023 to N17.744 billion in 2024.

Earnings per share (kobo) (basic and diluted) rose to 252 kobo from 157 kobo in 2023, up 59 percent.

The proposed dividend, subject to appropriate withholding tax and approval of shareholders, will be paid to shareholders of Fidson Healthcare whose names appear in the Register of Members as at the close of business on Friday, July 11, 2025.

The register of shareholders of the company will be closed from Monday, July 14 to Friday July 18, 2025. The qualification date is Friday, July 11.

Following the annual general meeting, dividends will be paid electronically on Friday August 1 to shareholders whose names appear on the Register of Members as at Friday July 11, 2025 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.

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