How NASCON’s N220 Salt Stock Became a Silent Profit Engine

I’ll break down why NASCON’s shares have been on the rise since January. In Q1 2026, pre-tax profit hit ₦14.98 billion, up 32% year-on-year despite a slight revenue dip. That margin improvement came as cost of sales fell 21%, showing strong operational control. Full-year 2025 profit after tax more than doubled to ₦33.5 billion. The company then paid a record ₦6 per share dividend, tripling its payout. Doubling profits and tripling dividends isn’t luck—it’s execution. At a P/E of 16.6, NASCON trades below its consumer-goods peers. Its RSI near 58 suggests healthy momentum without hype. With a market cap around ₦595 billion, it sits in the NGX’s top 30. Even the Whisone analyst card rates it a Buy at 68/100. Yes, the stock is up 90% this year, so a pullback could offer a better entry. But salt won’t go out of style—Nigerians will keep cooking, and NASCON will keep supplying under strong brands. It deserves a spot on any watchlist. Always do your own research; this isn’t financial advice.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.