August 5, 2025/Cordros Report We update our outlook on FIRSTHOLDCO following the release of the Holdco’s H1-25 results. While the group’s gross earnings grew by 18.1% y/y, profitability declined by 22.3% y/y, primarily due to fair value losses. In this note, we revise our loan and deposit growth forecasts to […]

August 4, 2025/Cordros Report In this report, we update our views on Okomu Oil Palm Company Plc (OKOMUOIL) for 2025E, following the strong H1-25 performance. Revenue grew by 73.1% y/y (Q2-25: +127.5% y/y), driven by favourable pricing, while EBITDA margin expanded by 11.01ppts y/y to 54.8% (Q2-25: +29.48ppts y/y to […]

August 4, 2025/Aradel Holdings Aradel Holdings Plc (“Aradel”, “Aradel Holdings”, “the Company” or “the Group”), Nigeria’s leading integrated indigenous energy company, announces its unaudited half year results for the period ended 30 June 2025. The Chief Executive Officer of Aradel Holdings Plc, Mr. Adegbite Falade Comments: “The first half of […]