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Lafarge Africa Plc: Strong Topline Growth and Lower Cost Pressure Expected to Drive Earnings Expansion in FY 2026

June 19, 2026/CSL Report Lafarge Africa delivered an impressive performance in Q1 2026, with Revenue increasing by 34.8% year-on-year (y/y) to ₦334.9 billion. The strong topline growth was broad-based across all product categories, supported by both higher pricing and increased sales volumes. Cement revenue, which remains the company’s primary earnings […]

BUA Cement Plc Q1-26 Update: Stronger Earnings and Margin Outlook; SELL Maintained

June 19, 2026/Cordros Report We update our 2026E estimates for BUA Cement Plc (BUACEMENT) following the release of its Q1-26 results. The company reported revenue growth of 22.1% y/y, driven by higher cement prices and growth in bulk cement volume, EBITDA margin expansion of 871bps y/y to 53.9% and EPS of […]

ICIEC 2025 Annual Reports: Reflects Strong Business Growth and Financial Resilience

The 2025 Annual Report, themed “Driving Sustainable Development and Powering Growth,” highlights a strong year for ICIEC, with Business Insured reaching USD 17.8 billion, a 37.8% increase compared with 2024 June 19, 2026/ICIEC The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral credit and […]