Wole Olajide, ACS
The Nigerian stock market closed the year 2025 on a bullish note with 51.19% growth, year on year. The All-Share Index and the Market Capitalisation closed the year 2025 at 155,613.03 points and N99.376 trillion respectively.
The market experienced several bullish sessions I the course of last year, triggered by positive macro-economic indicators which include: declining inflation rate, relative stability of Naira in the Forex market among others.
Prices of sizeable number of equities significantly grew their share prices in the course of year 2025. Below are the top performing stocks for the year 2025.
Top 10 Gainers in 2025
NCR NIGERIA PLC (+1354%)
The share price of NCR Nigeria Plc in 2025 grew by 1354% to close the year at N72.70 from the opening price of N5. It is currently trading at its 52 weeks high.
The spike in the share price of NCR Nigeria significantly began by around October 2025 when Cardtronics Inc became the new majority shareholder of the Company.
With a very lean shares outstanding of 108 million, the shares of NCR Nigeria Plc are just in a few hands.
NCR Nigeria Plc is a technology company that provides solutions like ATMs, point-of-sale terminals, and self-service kiosks to businesses, enabling them to interact with customers.
EUNISELL INTERLINKED (+496.78%)
The share price of Eunisell Interlinked Plc in 2025 grew by 496.78% to close the year at N115 from the opening price of N19.27. It is currently at its 52 weeks high.
The Audited Financial Statement of the Company for the year ended 30 June 2025 shows significant growth in the Company’s revenue and profit, year on year. Revenue grew by 95% to N1.41 billion from N722.53 million reported the previous year. Profit after tax grew by 90% to N190.48 million from N100.07 million post tax profit reported the previous year.
The shares outstanding of Eunisell Interlinked Plc is 236.7 million and the shares are in the hands of few individuals.
BETA GLASS (+470.11%)
Beta Glass grew its share price in 2025 by 470.11% to close the year at N370 from the opening price of N64.90.
In the past one year, Beta Glass has touched a high of N486 and a low of N58.45.
It is trading 23.87% away from its 52 weeks of N486. This implies that a position in Beta Glass has an uptrend potential of about 24%.
Beta Glass in Q3 2025 reported significant growth in its top line and bottom-line figures. Revenue grew by 43.41% to N114.38 billion from N79.76 billion. Profit after tax grew by 227.21% to N27.224 billion from N8.318 billion profit reported the previous year.
THE INITIATE PLC (+432%)
The Initiate Plc (TIP) closed the year 2025 at the share price of N13.30. It grew by 432% in the course of that year from the opening price of N2.5.
In the past 52 weeks, the share price of The Initiate Plc has touched a high of N17.74. It is trading 25.03% away from its 52 weeks high of N17.74. This implies that a position in TIP at the share price of N13.30 has an uptrend potential of about 18%.
The Company is currently running Rights Issue of 177,996,310 ordinary shares of 50 Kobo Rights Issue at the price of N7 on the basis of one (1) new share for every five (5) ordinary shares held. The opening date was 5 November 2025. The initial closing date was 12 December 2025. The new closing date is now 12 January 2026.
MUTUAL BENEFITS ASSURANCE (+408.20%)
Mutual Benefits Assurance Plc closed the year 2025 at the share price of N3.10. The price grew by 408.20% from its opening price of N0.61 at the beginning of the year.
In the past one year, the share price of Mutual Benefits Assurance touched a high of N4.70. Relative to the share price of N3.10, a position in Mutual Benefits Assurance has an uptrend potential of about 34%.
GUINNESS (+398.08%)
Guinness Nigeria Plc closed the year 2025 at the share price of N349.90. The price grew by 398.08% from its opening price of N70.25. It is currently trading at its 52 weeks high.
Guinness reported significant growth in its audited report for the 12 months period ended 30 June 2025. Revenue grew year on year by 65.82% to N496.61 from N299.49 billion. Profit after tax soared by 129.6% to N16.2 billion from the loss after tax of N54.77 billion.
MECURE (+369.06%)
Mecure closed the year 2025 at the share price of N65.20. The price grew by 369.06% from its opening price of N13.90. It is currently trading at its 52 weeks high.
The Company recorded significant growth in revenue and post-tax profit in Q3 2025. Revenue grew by 99% to N60.009 billion from N30.216 billion reported the previous year. Profit after tax soared by 186% to N4.59 billion from N1.558 billion profit achieved the previous year.
ELLAH LAKES (+324.05%)
The share price of Ellah Lakes in 2025 grew by 324.05% to close the year at N13.4 from the opening price of N3.16.
In the past one year, the price of Ellah Lakes has touched a high of N19.42. It is trading about 31% away from its 52 weeks high of N19.42. A position in Ellah Lakes has an uptrend potential of about 31%.
VITAFOAM PLC (+300%)
Vitafoam Plc closed the year 2025 at the share price of N92, up by 300% from its opening price of N23. In the past one year, the share price of Vitafoam has touched a high of N96.
At the current share price of N92, Vitafoam is trading very close to its year high of N96.
The Company recently declared a final dividend of N3 to shareholders for the year end 30 September 2025. The Company also proposed 1 for 5 bonus issue to shareholders.
The qualification date for the proposed dividend and bonus is February 6, 2026.
IKEJA HOTEL (+272.44%)
The share price of Ikeja Hotel in 2025 grew by 272.44% to close the year at N41.9 from the opening price of N11.25. It grew to its year high of N44.9 as at Friday, January 2, 2026.
The Group significantly grew its topline and bottom-line figures in Q3 2025. Revenue of N18.516 billion was reported for the 9 months period, up by 46.97% from N12.599 billion reported the previous year. Profit after tax in Q3 2025 soared by 142.31% to N4.851 billion from N2.002 billion reported in Q3 2024.