Top 10 Best Performing Stocks on NGX 2025 – Up to +695% Returns

Top 10 Best Performing Stocks on the Nigerian Stock Exchange (NGX) in 2025: A Deep Dive into Profitability, Valuation, Growth, and Financial Health

Are you an investor eyeing the Nigerian stock market in 2025? With the NGX All-Share Index surging over 40% year-to-date amid economic recovery signals, inflation easing, and renewed foreign interest, it's no surprise that savvy traders are hunting for the best performing stocks on NGX 2025. But performance isn't just about flashy gains—it's about sustainable growth backed by solid profitability metrics, attractive valuation metrics, robust rowth metrics, and strong financial health.

In this post, we'll unpack the top 10 outperformers based on one-year returns (closely aligning with YTD 2025 performance as of November 2025). Drawing from real-time market data, we'll highlight what makes these Nigerian stocks shine—and what risks to watch. Whether you're a beginner building your portfolio or a seasoned trader diversifying, these insights could supercharge your strategy. Ready to discover hidden gems? Let's dive in!

Why Focus on These NGX Top Performers in 2025?

The Nigerian economy has rebounded with oil prices stabilizing and naira reforms boosting confidence, propelling sectors like industrials, finance, and consumer goods. These stocks didn't just ride the wave—they led it, delivering triple-digit returns. But remember: Past performance isn't a guarantee of future results. We'll analyze each using key financial metrics to help you decide if they're buy-worthy. Pro tip: Always consult a financial advisor before investing.

Here's our ranked list of the top 10 best performing Nigerian stocks in 2025:

1. Beta Glass Plc (BETAGLAS) – +695.70% YTD

Sector: Process Industries (Glass Manufacturing)

Current Price: ₦370.00

Beta Glass has shattered expectations (pun intended!) with explosive growth driven by rising demand for packaging in beverages and pharma. But is it overvalued?

• profitability Metrics: ROE 43.46%, ROA 14.09%, Profit Margin 21.37% (TTM)—impressive efficiency turning equity into profits.
• Valuation Metrics: P/E 6.82 (bargain for growth), P/B 2.46, P/S 1.46—undervalued relative to peers.
• Growth Metrics: Revenue +19.55% YoY, EPS +242.86% YoY—hyper-growth mode.
• Financial Health: Current Ratio 2.04 (solid liquidity), Debt/Equity 47.91% (manageable), Quick Ratio 0.79.

Investor Takeaway: A blue-chip contender. If you're bullish on consumer recovery, this could be your portfolio anchor. What's your take—buy now or wait for a dip?

2. NCR (Nigeria) PLC (NCR) – +616.44% YTD

Sector: Electronic Technology (IT Services)

Current Price: ₦30.95

This tech play has digitized its way to the top, capitalizing on Nigeria's fintech boom. Yet, red flags lurk in profitability.

• Profitability Metrics: ROE -14.64%, ROA 41.67%, Profit Margin -28.19% (TTM)—mixed bag with asset efficiency but losses.
• Valuation Metrics: P/E 2.4 (cheap, but risky), P/B -0.38, P/S 0.74—distressed pricing.
• Growth Metrics: Revenue -135.98% YoY (contraction), EPS -135.98% YoY—challenging year.
• Financial Health: Current Ratio 0.72 (tight), Debt/Equity 15.24% (low leverage), Quick Ratio 0.4.

Investor Takeaway: High-risk, high-reward. Ideal for contrarians betting on a turnaround. Have you spotted similar tech rebounds in your watchlist?

3. Eunisell Interlinked Plc (EUNISELL) – +499.39% YTD

Sector: Producer Manufacturing (Polymers and Metals)

Current Price: ₦79.00

Eunisell's innovation in sustainable materials has fueled this rally—perfect for eco-conscious investors.

• Profitability Metrics: ROE 34.43%, ROA 21.02%, Profit Margin 15.3% (TTM)—strong returns.
• Valuation Metrics: P/E 83.24 (premium), P/B 23.6, P/S 15.78—priced for perfection.
• Growth Metrics: Revenue ~80% (5Y avg, YoY not isolated), EPS -19.21% YoY—steady but slowing.
• Financial Health: Current Ratio 3.45 (excellent), Debt/Equity 10.33% (conservative), Quick Ratio 1.5.

Investor Takeaway: Growth at a premium. If manufacturing booms, this flies higher. What's your sector pick for 2026?

4. Mutual Benefits Assurance PLC (MBENEFIT) – +454.10% YTD

Sector: Finance (Insurance)

Current Price: ₦3.38

Insurance is hot in 2025, and MBENEFIT's risk management edge shines amid economic volatility.

• Profitability Metrics: ROE 37.75%, ROA 11.46%, Profit Margin 20.48% (TTM)—top-tier.
• Valuation Metrics: P/E 3.66 (undervalued), P/B 1.19, P/S 0.75—great entry.
• Growth Metrics: Revenue +190.78% YoY, EPS +190.78% YoY—explosive.
• Financial Health: Current Ratio 1.69, Debt/Equity 0.6% (pristine), Quick Ratio 2.44.

Investor Takeaway: A defensive powerhouse. Diversifying into insurance? This one's a must-watch. Share your insurance stock stories below!

5. Initiates PLC (TIP) – +451.66% YTD

Sector: Commercial Services (Waste Management)

Current Price: ₦11.65

Sustainability drives TIP's surge—cleaning up while cleaning up profits in a green economy.

• Profitability Metrics: ROE 95.06%, ROA 17.21%, Profit Margin 35.68% (TTM)—elite.
• Valuation Metrics: P/E 3.86, P/B 2.54, P/S 28.48—balanced with growth premium.
• Growth Metrics: Revenue +100.79% YoY, EPS +311.22% YoY—stellar acceleration.
• Financial Health: Current Ratio 0.86, Debt/Equity 4.79% (low), Quick Ratio 1.83.

Investor Takeaway: ESG investing alert! If Nigeria goes greener, TIP leads. What's your go-to sustainable stock?

6. Sovereign Trust Insurance PLC (SOVRENINS) – +431.25% YTD

Sector: Finance (Insurance)

Current Price: ₦3.40

Another insurance winner, leveraging digital policies for mass adoption.

• Profitability Metrics: ROE 18.63%, ROA 11.95%, Profit Margin 5.37% (TTM)—steady.
• Valuation Metrics: P/E N/A, P/B 1.55, P/S 19.62—fair for sector.
• Growth Metrics: Revenue +22.93% YoY, EPS +70.74% YoY—consistent climber.
• Financial Health: Current Ratio 1.69, Debt/Equity 30.56%, Quick Ratio 1.64.

Investor Takeaway: Reliable in uncertainty. Pair with MBENEFIT for insurance diversification. Thoughts on sector rotation?

7. Honeywell Flour Mills Plc (HONYFLOUR) – +355.38% YTD

Sector: Process Industries (Food Processing)

Current Price: ₦19.90

Food security focus propels this staple producer amid rising agri-imports.

• Profitability Metrics: ROE 42.34%, ROA -0.83%, Profit Margin 3.81% (TTM)—equity strong, assets strained.
• Valuation Metrics: P/E N/A, P/B 10.23, P/S 19.1—stretched.
• Growth Metrics: Revenue -524.85% YoY (anomaly?), EPS -524.85% YoY—needs scrutiny.
• Financial Health: Current Ratio 1.07, Debt/Equity 66.03%, Quick Ratio 0.47.

Investor Takeaway: Consumer defensive, but verify growth data. Agri stocks: Boom or bubble?

8. Chellarams PLC (CHELLAR) – +339.19% YTD

Sector: Producer Manufacturing (Distribution)

Current Price: ₦16.25

Diversified trading thrives on supply chain rebounds.

• Profitability Metrics: ROE -2,168.56%, ROA -168.58%, Profit Margin -5.89% (TTM)—distressed.
• Valuation Metrics: P/E -7.71, P/B 2.94, P/S 0.45—value trap?
• Growth Metrics: Revenue +33.28% YoY, EPS -38.56% YoY—revenue up, profits down.
• Financial Health: Current Ratio 0.58, Debt/Equity 283.6% (high risk), Quick Ratio 0.28.

Investor Takeaway: Speculative bet. High debt screams caution—your risk tolerance level?

9. UPDC Plc (UPDC) – +316.78% YTD

Sector: Finance (Real Estate)

Current Price: ₦5.96

Property rebound post-reforms makes this a housing hero.

• Profitability Metrics: ROE 20.3%, ROA -2.41%, Profit Margin 6.02% (TTM)—modest.
• Valuation Metrics: P/E 111.28 (expensive), P/B 10.88, P/S 6.7.
• Growth Metrics: Revenue -67.12% YoY, EPS +56.1% YoY—bifurcated.
• Financial Health: Current Ratio 1.21, Debt/Equity 24.31%, Quick Ratio 0.96.

Investor Takeaway: Real estate revival play. Urbanization trends: Bullish or fleeting?

10. SCOA Nigeria PLC (SCOA) – +315.20% YTD

Sector: Consumer Durables (Auto Distribution)

Current Price: ₦7.10

Auto sector revival on cheaper imports boosts SCOA.

• Profitability Metrics: ROE 34.22%, ROA -3.9%, Profit Margin 2.98% (TTM)—resilient.
• Valuation Metrics: P/E 12.5, P/B 1.76, P/S 0.37—attractive.
• Growth Metrics: Revenue -38.68% YoY, EPS -165.3% YoY—headwinds.
• Financial Health: Current Ratio 0.91, Debt/Equity 1,029.01% (alarming), Quick Ratio 0.62.

Investor Takeaway: Value in volatility, but debt is a red flag. Auto enthusiasts: Worth the ride?

Key Trends from the Top NGX Stocks 2025

Across these best performing Nigerian stocks, finance and industrials dominate, reflecting economic diversification. Strong ROEs (avg. ~30%) signal profitability, but watch high P/Bs in growth names and debt in laggards like SCOA. Growth is uneven—insurance leads, while some face contractions. Overall financial health is mixed, with liquidity ratios averaging ~1.2.

Conclusion: How to Invest in These NGX Winners

2025's NGX stars offer a mix of high-flyers and value plays, but success hinges on balancing profitability metrics with financial health. Diversify, monitor Q4 earnings, and track macro factors like CBN policies. What's your top pick from this list? Drop a comment, share this post, and subscribe for more Nigerian stock market updates. Happy investing—may your portfolio soar!