April 29, 2025/CSL Research Financial Highlights: Revenue: +45.4% y/y to ₦46.98Bn Cost of Sales: +49.5% y/y to ₦28.12Bn OPEX: +10.1% y/y to ₦10.66Bn EBITDA: +106.9% y/y to ₦9.08Bn Operating Profit: +115.2% y/y to ₦8.27Bn Profit before Tax: +146.7% y/y to ₦10.75Bn Stock Rating: BUY, Target Price: ₦44.02/s To read full […]
Author: InvestAdvocate
Nigerian Breweries Plc Q1-25 Update: A Strong Start to 2025FY
April 29, 2025/Cordros Report We have revised our estimates for NB following a solid start to the year. The brewer maintained strong topline momentum from Q4-24 into Q1-25, recording 24.2% (NGN383.64 billion) of our 2025E revenue of NGN1.59 trillion – thus retaining its top spot (2025E: 55.2%) in market share. Notably, […]
Unilever Nigeria Plc Q1-25: Topline Momen tum Sustains Profit Growth
April 29, 2025/Cordros Report Unilever Nigeria Plc (UNILEVER) published their Q1-25 unaudited results after market close yesterday (28 April), reporting an earnings per share of NGN0.97 (Q1-24: NGN0.58), driven by solid top-line growth (+45.4% y/y). UNILEVER grew revenue by 45.4% y/y (Q1-24: +57.8% y/y) in the period, due to significant […]
