Here are top 10 best-performing stocks in the NGX for H1 2025

In the first half of 2025, the Nigerian Exchange (NGX) delivered a strong performance, advancing by 16.57 percent. The NGX All-Share Index added more than 17,000 points to close at 119,978.57 on June 30. Over the six months, investors booked a substantial capital gain of N13.2 trillion, with market capitalisation rising from N62.76 trillion at the start of the year to N75.96 trillion.

While several large-cap stocks posted solid gains, the standout performers during the period were predominantly mid-cap companies, which led the market’s momentum with outsized returns.

Here are the top 10 best-performing stocks in the NGX for H1 2025

Beta Glass (BETAGLAS): +414.6%

Beta Glass, a subsidiary of Frigoglass, delivered a standout performance in H1 2025, with its share price soaring 414.6 percent—from N64.90 to N333.95 by the end of June. The stock’s sharpest rally came in May, when it surged 133 percent following the release of its Q1 2025 results.

The company reported a net profit of N10 billion for the quarter, marking a staggering 594 percent year-on-year increase from the N1.44 billion posted in Q1 2024. Investor confidence was further bolstered by news of an additional €17.5 million investment in Nigeria, revealed by the CEO in an exclusive interview with BusinessDay, signaling a firm commitment to expansion and long-term growth.

Honeywell Flour Mills (HONYFLOUR): +241.3%

Honeywell Flour Mills steadily appreciated by 241 percent in H1 2025, with its share price moving from N6.3 at the start of the year to N21.5 as of June 30. Since the delisting of Flour Mills of Nigeria (FMN) from the NGX, its subsidiaries, HFMP and NNFM have recorded significant gains on the exchange.

For the year ending March 31, 2025, the company posted a net income of N14.6 billion, a return to profitability since the acquisition by FMN.

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The Initiates Plc (TIP): +230%

Waste management company, The Initiates Plc surged by 230 percent in the first half of 2025. The stock moved from a N2.5 share price at the start of the year to N8.25 at the end of June.

In Q1 2025, the company recorded a N1.2 billion turnover, marking a 283 percent year-on-year growth from the N314.6 million recorded in Q1 2024. The company’s pre-tax profit in Q1 2025 hit N467 million, up by 385 percent from N96 million in Q1 2024.

Vitafoam Plc (VITAFOAM): +221.7%

Vitafoam delivered a strong performance in the first half of 2025, with its share price surging by 221.7 percent, from N23 at the start of the year to N74 by the end of June.

The rally was driven by a solid financial turnaround. For the six-month period ending June 30, the company reported a profit after tax of N6.7 billion, reversing the N5.58 billion net loss recorded in the same period of 2024. Earnings per share rose to N5.01, while total assets expanded to N59.4 billion, up from N51.3 billion at the beginning of the financial year.

Smart Products (SMURFIT): +200.0%

Smart Products Plc, a real estate company specializing in warehouse leasing and management, delivered a 200 percent gain on the Nigerian Exchange in H1 2025. The stock rose from 20 kobo at the start of the year to 60 kobo by the end of June.

While the absolute returns remain modest in naira terms, the company’s appeal lies in its impressive 40 percent dividend yield recorded in 2024. This strong income potential has placed Smart Products firmly on the radar of dividend-focused investors, making it a notable pick in the small-cap segment of the market.

Neimeth International Pharmaceuticals (NEIMETH): +185:2%

In the first half of 2025, Neimeth emerged as the best-performing healthcare stock on the Nigerian Exchange (NGX), recording a remarkable 185 percent surge in share price. The stock opened the year at N2.29 and closed June at N6.53.

Investor sentiment was buoyed by the company’s strong financial performance, particularly its 114 percent year-on-year growth in operating profit. Neimeth reported an operating profit of N449.9 million in Q1 2025, compared to N210.1 million in the same period of 2024. Notably, the stock’s sharpest rally came in June, when it gained 111 percent in a single month.

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Fidson Healthcare (FIDSON): +183.9%

Closely following Neimeth is fellow pharmaceutical, Fidson Healthcare which recorded a 184 percent capital gain during the half year.

The stock began the year at a N15.50 share price and closed the half-year at N44.00 share price. In Q1 2025, the company posted a net income of N3.25 billion, representing a 213.5 percent appreciation from the N1.04 billion recorded in Q1 2024.

Presco Plc (PRESCO): +168.4%

Presco Plc stood out as the top gainer by market capitalization in the first half of 2025. Its share price climbed from N475 to N1,275, translating to a market cap increase of approximately N800 billion.

The group’s strong financial performance played a key role in driving investor interest. In Q1 2025, Presco reported a revenue of N93.8 billion, a 120 percent jump from the N43.5 billion recorded in the same period of 2024. Net income nearly doubled to N47.6 billion, up from N24.1 billion year-on-year.

Since the beginning of 2020, Presco’s share price has soared by nearly 2,600 percent. This underscores its appeal to investors not only for its impressive capital appreciation but also for its consistent dividend payouts.

Champion Breweries (CHAMPION): +162.5%

Champion Breweries drew strong investor interest in the first half of 2025, standing out as the only consistently profitable brewer on the NGX since 2023. The company’s share price surged by 162.5 percent during the period, rising from N3.81 to N10.00.

This impressive rally was underpinned by a notable financial rebound in Q1 2025. Champion Breweries posted a net income of N984.6 million, a sharp turnaround from the N823.8 million net loss recorded in the same quarter of 2024. The combination of profitability and strong market momentum reinforced its appeal to investors seeking value in the consumer goods sector.

SCOA Nigeria (SCOA): +161.7%

SCOA Nigeria, led by Massad Boulos, delivered strong returns in the first half of 2025, with its share price climbing 161.7 percent—from N2.06 at the start of the year to N5.39 by the end of June.

A notable catalyst for the stock’s rally was the heightened media attention surrounding Boulos’ ties to U.S. President Donald Trump. During the week of Trump’s inauguration, from January 16 to 24, SCOA shares surged by 75 percent alone, as investor sentiment was buoyed by speculation around potential business and political synergies.