NCR Nigeria Plc has stunned investors with a sharp November rally, jumping over 60% to ₦25.60.
This surge follows a year of dramatic recovery, as the stock has climbed steadily since mid-2025.
NCR Nigeria Stock Soars
The turnaround started when the company reported a nine-month pre-tax profit of ₦237.9 million.
Just a year earlier, NCR had suffered a heavy pre-tax loss of ₦2.6 billion.
The management drove the recovery through tight cost control, especially cutting administrative expenses from ₦2.9 billion to ₦91.7 million.
Consequently, revenue reached ₦1.49 billion, boosting the bottom line and reigniting investor confidence.
Momentum And Growth
Since January, the stock has traced a winding path: it rose from ₦5.00 to ₦7.30, then dipped to ₦6.00 by June.
However, momentum returned in July, as the stock broke ₦10.00 by August’s close at ₦11.55 and surged further in September to ₦16.00.
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Although trading stalled in October, likely due to the closed period, investors regained enthusiasm after the earnings release.
In November, the stock broke the ₦20 resistance level, climbing 60% month-to-date by November 14, 2025.
During the nine months ended September 30, NCR increased revenue 13.9% to ₦1.4 billion, with World Customer Services contributing 73.5% of total sales.
Financial Services added ₦396.8 million, while the company raised cost of sales 11.5%, producing a gross profit of ₦321.8 million.
Moreover, other income combined with sharply reduced administrative expenses pushed operating profit to ₦237.9 million, matching the pre-tax profit.
On the balance sheet, the company grew total assets to ₦5.3 billion and narrowed retained losses to ₦4.4 billion.
Overall, NCR Nigeria’s story this year shows how disciplined management, rising revenue, and renewed investor confidence propelled remarkable growth.
