April 24, 2026/Cordros Report In this report, we update our outlook and estimates for TotalEnergies Marketing Plc for 2026E. Revenue performance was subdued in 2025FY, declining by 26.3% y/y to NGN767.63 billion. The contraction was largely volume-driven, with weaker sales offsetting the benefit of higher product prices. EBITDA margin declined […]

April 24, 2026/InvestmentOne Report Net revenue for Q1:2026 reached NGN413.02bn, representing a 7.65% year-on-year increase over the NGN383.64bn recorded in Q1:2025. The Q1:2026 outturn therefore signals a normalisation of the top-line growth rate, as the base effect of the 2024 devaluation cycle fades. Cost of sales rose by 7.41% YoY […]

April 24, 2026/InvestmentOne Report BUA Cement Plc delivered a strong performance in Q1:2026, with revenue expanding by 22.06% YoY to NGN354.98bn, driven largely by favourable pricing dynamics during the period. Cost of Sales (COS) remained well contained, rising marginally by 0.67% YoY to NGN152.97bn, reflecting effective cost management. Notably, energy […]