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Nigerian Stock Exchange

Last update 26 Jun 2026

May & Baker Nigeria PLC · MAYBAKE.LG

Nigeria · Health Care · Pharmaceuticals · NGN

Price history

May & Baker Nigeria Plc. is a pharmaceutical company, which is involved in the manufacturing, selling and distribution of human pharmaceuticals, human vaccines, and consumer products. The Company provides five types of products and services, including pharmaceuticals, beverages, personal care, naturecare, and contract manufacturing. Its durable business profile is anchored in local brands, manufacturing capacity, distribution relationships, product affordability and recurring consumer demand. Demand is linked to population growth, household income, pricing power, input costs and availability of raw materials. Investors should monitor volume trends, gross margins, working capital, competition, foreign-exchange exposure and the company’s ability to protect market share through quality and distribution. The company should be reviewed through its audited financial statements, corporate disclosures, operating segment notes and market announcements, because these materials provide the most reliable view of revenue quality, cost structure, capital allocation and any changes in business scope.

Fundamentals

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Metric  (NGN, B) 2024 2023 2022 2021 2020
Revenue Total Revenue 29
EBITDA 3
EBIT 2
Net income Net Income 2
Operating margin 8%
Net margin 6%