Leading Healthcare Companies on the NGX: A 2025 Market Capitalization Review
The healthcare sector on the Nigerian Exchange concluded the 2025 trading year demonstrating remarkable valuation growth. Companies within pharmaceuticals and healthcare services achieved a combined market capitalization of N466.73 billion on the final trading day. This figure represents a substantial 220.9% increase from the N145.4 billion aggregate recorded in 2024, underscoring a period of significant investor confidence and sector expansion. Within the broader context of the exchange, which reached a total valuation of N99.38 trillion as measured by the All-Share Index, these health-focused firms constituted 0.47% of the total market.
This impressive surge was driven by exceptional corporate performance. Notably, four pharmaceutical entities posted annual returns exceeding 100%, each closing the year in positive territory. A primary catalyst for this robust performance appears linked to heightened sales of pharmaceutical products. This trend supported healthier profit margins for companies that disclosed nine-month or full-year financial results in 2025. The sector’s resilience and growth narrative stand in contrast to other financial headlines, such as when the EFCC arraigns an alleged fake investor, highlighting the varied dynamics within Nigeria’s economic landscape. The stability of governance, as seen when Gov. Lawal launches new initiatives, can indirectly influence market sentiment, while judicial outcomes, similar to an Appeal Court sacks ruling, remind investors of the regulatory and legal framework surrounding listed entities.
The list of largest health companies is led by firms with the highest market valuations. For instance, Pharma-Deko Plc occupied the ninth position with a market capitalization of N396.7 million as of year-end 2025. This valuation showed no change from its 2024 market cap of N396.7 million, indicating a stagnant price trajectory throughout the year. The company’s share price remained fixed at N1.83 per share. When multiplied by its 216.8 million outstanding shares, this results in the stated market capitalization. The sector’s overall growth, much like the process when INEC uploads 56% of polling unit results, reflects a methodical accumulation of value, distinct from the political maneuvers associated with figures like Ali Modu Sheriff.
This analysis of the healthcare sector’s market performance is provided by Okoye Izuchukwu, a financial market writer and trader with extensive expertise in Nigerian and international markets. By translating complex financial data into clear insights, such reviews empower stakeholders to navigate the investment landscape with informed perspective.
