NCR Hits 52-Week High after Earnings, Internal Restructuring
IT company NCR Nigeria Plc hit its highest valuation in 52 weeks on the Nigerian Exchange (NGX) as investors increased bets in post-earnings release reactions.
Its unaudited financials for the nine-month period in financial year 2025 showed that NCR returned to profitability as the naira stabilised after a sharp depreciation of the local currency damaged performance in the equivalent period in 2024.
At the close of the trading session on Friday, NCR share price reached N19.35, its highest in 12 months, as 156.663 units of the company valued at N2.977 million were traded.
The IT company gained about 21% above its opening price of N16 for the week, while its market value settled at N2.089 billion on new price.
The Board of Directors of NCR told the Nigerian Exchange that NCR Voyix Corporation transferred 66,705,456 shares held in the company to Cardtronics Inc.
The company said the transfer was part of an internal restructuring as NCR Voyix, formerly known as NCR Corporation, spun off its global ATM business into a separate entity called NCR Atleos Corporation.
As a result of this restructuring, Cardtronics, which held NCR Voyix’s interest in the ATM business, became a subsidiary of Atleos and now manages those interests on behalf of Atleos, according to an official statement.
NGX stated that the transfer does not result in a change of control of the Company, as the controlling interest remains within entities that are ultimately owned by a similar institutional investor base.
In its nine months results for 2025, NCR returned to profitability, posted about N238 million in net income from more than N2.6 billion loss after tax in the equivalent period in 2024.
At the top line, revenue from contracts with customers increased to N1.498 billion in 9M-2025 results, up by about 14% from N1.315 billion recorded in the comparable period.
A further review showed that NCR returned to profitability due to a sharp decline in administrative expenses. Admin expenses declined from N2.911 billion to less than N92 million within 12 months in the absence of huge FX losses in 2025. Foreign Currency Inflow into Nigeria Soars 62% to $5.15 bln
