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 […]
Results & Dividends
Aradel Reports 37.2% Growth to N368.1 Billion Revenue in H1 2025 Unaudited Results
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 […]
NB Plc H1-25 Update: Earnings Outlook Strengthens on Margin Recovery
August 4, 2025/Cordros Report We have updated our estimates for Nigerian Breweries Plc (NB) following their strong H1-25 performance. The company sustained impressive topline growth, with Q2-25 revenue rising by 40.8% y/y (H1-25: +53.9% y/y), supported by pricing gains and a favourable brand mix. Despite a 7.6% q/q dip in […]
