March 19, 2025/InvestmentOne Report Nestlé Nigeria’s revenue growth of 75.32% YoY was driven by price adjustments, though gross profit margins declined from 39.70% in 2023 to 31.95% in 2024. This margin contraction was due to higher production costs resulting from inflation and foreign exchange volatility. The company reported a gross […]

March 18, 2025/Cordros Report In this note, we update our views on MTNN for 2025E following the publication of its 2024FY financials. Coming off the back of quite a tumultuous year, we anticipate a full recovery and a return to profitability and, subsequently, a restoration to a positive equity balance. […]

March 17, 2025/InvestmentOne Report In its audited result for FY:2024, BUA Cement plc posted a 90.74% YoY growth in revenue to NGN876.47bn, driven by higher pricing and improved volumes. Specifically, sales of bagged cement majorly in Nigeria (NGN875.84bn) following the commissioning of the two new 3 million metric tons lines […]