NCR Nigeria Plc has recorded one of the strongest performances on the Nigerian Exchange (NGX) in 2025, with its share price rising from N5 at the start of the year to N16 as of October 13 — a 220 per cent year-to-date gain. The company’s market capitalisation now stands at N1.73 billion, ranking it 137th on the NGX and accounting for 0.18 per cent of total equity market value.
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Revenue growth supports turnaround
NCR’s performance in 2025 began with an improvement in revenue. For the six months ended June 30, revenue from contracts with customers rose to N899.68 million, compared with N790.93 million in the same period of 2024.
The company’s diversified business model combines technology solutions with the sale and servicing of passenger cars, commercial vehicles, motorcycles, agricultural and construction equipment, and industrial machinery. This model provides both upfront sales and recurring service income, which has broadened NCR’s revenue base and strengthened its financial position.
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Improved cost control and profitability
Operational efficiency also improved significantly. The cost of sales for the first half of 2025 was N737.75 million, producing a gross profit of N161.93 million, compared with a gross loss of N30.13 million in the same period of 2024.
Administrative and distribution expenses totalled N145.96 million, while other income contributed N28.78 million, supporting profitability. As a result, NCR reported a profit after tax of N44.67 million for H1 2025, reversing a loss of N1.4 billion recorded in H1 2024.
Basic earnings per share improved from a loss of N12.96 to a gain of N0.41, with total comprehensive income matching the profit after tax. This marks NCR’s first half-year profit in several periods.
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Strong market activity
Investor interest in the company has grown alongside its financial recovery. Between July 14 and October 13, 70.6 million shares were traded across 671 deals, valued at N1.12 billion. The highest single-day volume occurred on September 30, when 66.8 million shares changed hands.
The stock gained 5.26 percent in four weeks, 167 percent over three months, 119 percent over six months, and 270 percent over one year.
Financial position
As of June 30, total assets stood at N5.35 billion, up from N4.43 billion at the end of 2024. Current assets were N5.25 billion, including cash and cash equivalents of N643.87 million and trade receivables of N4.17 billion.
Total liabilities were N10.12 billion, with non-current liabilities of N2.58 billion and current liabilities of N7.53 billion. Total equity remained negative at N4.76 billion due to accumulated losses, but the operational turnaround indicates potential for gradual recovery.
Through steady revenue growth, margin improvement, and cost discipline, NCR Nigeria has shown how consistent operational reforms can support profitability and renew investor confidence on the NGX.
