MAY & BAKER’S DEBT DECLINES 48% AMID FIVE-YEAR PLAN

May & Baker Nigeria Plc has achieved a remarkable 48% reduction in its total debt level as it executes its five-year strategic transformation plan.

The company announced the positive financial milestone on Friday alongside its half-year 2026 results.

Management credited the debt decline to improved cash flows, cost optimisation measures, and disciplined capital allocation.

The pharmaceutical firm said the significant deleveraging has strengthened its balance sheet and enhanced its capacity to invest in growth initiatives and innovation.

May & Baker’s leadership described the achievement as a key highlight of its ongoing turnaround strategy aimed at building a more resilient and profitable business.

Analysts hailed the debt reduction as evidence of strong financial management and operational efficiency in a tough macroeconomic climate.

The company remains focused on delivering sustainable value to shareholders through its five-year strategic roadmap.