May 11, 2026/Cordros Report We update our outlook on Nestle Nigeria Plc (NESTLE) for 2026E following the release of its Q1-26 unaudited results. Earnings performance was driven by revenue growth (+10.6% y/y) and a sharp decline in net finance costs (-92.8% y/y) amid. The sharp decline in net finance costs […]
Results & Dividends
MTN Nigeria: Volume-Driven Growth and Financial De-Risking Reinforce Long-Term Bullish Case
May 8, 2026/InvestmentOne Report MTN Nigeria posted a robust top-line performance in Q1:2026, with total service revenue increasing to NGN1.49trn (+41.80% YoY). Importantly, this growth reflects volume-driven momentum rather than a pricing-driven base effect as the tariff adjustments implemented in mid-Q1 2025 are no longer in the current period, making […]
Airtel Africa Plc 2026FY: Revenue Growth and EBITDA Margin Expansion Drives Earnings Uplift
Airtel Africa Plc (AIRTELAFRI) published its 2026FY audited results today (08 May), reporting a 212.2% y/y growth in EPS to USD0.19 (2025FY: USD0.06). The strong earnings performance was underpinned by a 29.5% y/y growth in revenue and a 280bps y/y expansion in EBITDA margin to 49.3%. Meanwhile, the board has […]
