March 6, 2026/InvestmentOne Report BUA Cement Plc delivered a 34.57% YoY growth in revenue to NGN1.18trn in FY:2025, largely driven by price increases, as Cost of Sales (COS) declined modestly by 0.16% YoY to NGN575.26bn. The moderation in COS was mostly due to lower energy costs (-13.36% YoY to NGN244.75bn), […]
Results & Dividends
MTNN: PAT Rebound Sustained by Favourable FX Positioning
March 5, 2026/InvestmentOne Report Keeping in line with recent growth in the services sector, MTN delivered stellar full year numbers for 2025 as topline revenue grew to NGN5.20trn (+54.90% YoY), reflecting the highest growth seen in more than 5 years. This growth was supported by deepening in consumer base as […]
Airtel Africa Plc 9M-26 Update: Strong Fundamentals, Discounted Valuation
March 4, 2026/Cordros Report In this note, we update our 2026E outlook for Airtel Africa Plc (AIRTELAFRI) following the release of its 9M-26 results. The company reported a strong performance in the period, with revenue up 28.3% y/y, EBITDA margin expanding by 272bps y/y to 48.9%, and EPS rising sharply […]
