May 8, 2025/Cordros Report Just as in previous periods, Access Holdings Plc delivered the largest gross earnings in Q1-25 (+39.0% y/y) underpinned by the group’s robust asset portfolio (NGN39.09 trillion). The group recorded a 36.3% y/y growth in interest income to NGN980.68 billion driven by the elevated interest rate environment. […]
Author: InvestAdvocate
TotalEnergies Marketing Nigeria Plc Q1-25 Update: Reduced Volume Growth Outlook Drives Earnings Revision
May 8, 2025/Cordros Report In this report, we update our outlook and estimates for TOTAL for 2025E. So far this year, the company’s performance has been underwhelming, with a loss per share of NGN0.35 reported in Q1-25, reflecting a decline in revenue (-17.9% y/y) and still biting cost pressures (-16.0% […]
Zenith Bank Plc Q1-25 Update: We Expect Profitability to Remain Sturdy
May 8, 2025/Cordros Report ZENITHBANK’s Q1-25 results aligned with our expectations. The bank recorded a 20.7% y/y growth in profit after tax as the strong core growth of 71.5% y/y offset the 67.1% y/y decline in non-core income. For 2025E, we forecast a 34.8% y/y growth in funded income (previously: […]
