August 14, 2025/Cordros Report We update our views on Guinness Nigeria Plc (GUINNESS) following the release of their 12M-25 unaudited results. After posting a NGN54.77 billion loss in 12M-24, GUINNESS delivered a 12M-25 PAT of NGN16.20 billion, marking strong earnings rebound driven by a combination of aggressive price-led growth, product […]

——Target price revised upward August 13, 2025/CSL Research Nestle Nigeria Plc reported H1 2025 Revenue of ₦581.12 billion, marking a 42.8% y/y increase from ₦406.97 billion in H1 2024. Growth was driven by strong performances across both business segments: • Food segment: ₦380.79 billion (+46.1% y/y from ₦260.65 billion in […]

August 12, 2025/Cordros Report In this report, we update our 2025E outlook for Presco Plc following a strong H1-25 performance. The company posted a 125.8% y/y increase in revenue, supported by higher production volumes and favourable domestic CPO pricing. EBITDA margin expanded by 475bps y/y to 66.7%, reflecting strong operating […]