April 10, 2026/Cordros Report In this report, we update our views and estimates for DANGCEM for 2026E following the release of its 2025FY results. During the period, the company reported revenue growth of 20.3% y/y, EBITDA margin expansion to 46.0% (+741bps y/y) and EPS growth of 101.3% y/y to NGN59.86. […]
Results & Dividends
Zenith Bank Plc 2025FY: Core Earnings Buffer Bottom Line Against Trading Losses
April 7, 2026/Cordros Report Zenith Bank Plc (ZENITHBANK) released its audited 2025FY financial results this morning, delivering a modest 0.7% y/y growth in profit after tax (PAT) to NGN1.04 trillion (2024FY: NGN1.03 trillion). Earnings performance was supported by a strong expansion in net interest income (+52.7% y/y), which sustained bottom […]
Zenith Bank Plc: Strong Non-Interest Income Growth Drives Resilient Earnings
April 7, 2026/InvestmentOne Report Core Business Income Dominates Gross Revenue: Zenith bank delivered a profit after tax (PAT) above the NGN1.00trn mark, largely in line with our expectation, as the bank sustained the impressive performance recorded in the previous year despite the contraction in non-interest income. Essentially, the result underscores […]
