April 24, 2026/Cordros Report International Breweries Plc (INTBREW) published its Q1-26 unaudited results, reporting EPS of NGN0.20 (-33.2% y/y). Earnings were pressured by a +263.7% y/y surge in tax expenses, alongside a sharp 81.8% y/y decline in net finance income. However, EBIT (+25.8% y/y) and PBT (+15.0% y/y) recorded solid growth, […]

April 23, 2026/Cordros Report Unilever Nigeria Plc (UNILEVER) published its Q1-26 unaudited results today, posting an EPS of NGN1.22 (+26.4% y/y). Earnings performance was driven by strong revenue growth (+26.0% y/y) and EBITDA margin expansion (+138bps y/y). UNILEVER’s revenue expanded by 26.0% y/y in Q1-26 (Q1-25: +45.4% y/y), reflecting residual pricing effects […]

April 22, 2026/Cordros Report We update our 2026E estimates for BUA Cement Plc (BUACEMENT) following the release of its 2025FY results. During the period, the company reported revenue growth of 34.6% y/y, largely price-driven amid volume softness, alongside a 16.75ppts y/y expansion in adjusted EBITDA margin to 47.8% and EPS growth […]