July 29, 2025/Cordros Report In this note, we update our outlook and estimates for Lafarge Africa Plc (WAPCO) for 2025E following a robust H1-25 performance. During the period, WAPCO delivered a strong 80.3% y/y revenue growth — driven by both higher pricing and increased sales volumes — higher EBITDA margin […]
Results & Dividends
Unilever Nigeria Plc H1 2025: Solid Bottom-Line Jump Enhanced by Robust Revenue Growth and Moderating Expense
July 29, 2025/CSL Research Financial Highlights: Revenue: +53.5% y/y to ₦98.10Bn Cost of Sales: +48.5% y/y to ₦55.99Bn OPEX: +2.6% y/y to ₦23.46Bn EBITDA: +339.3% y/y to ₦20.26Bn Operating Profit: +444.3% y/y to ₦18.81Bn Profit After Tax: +224.6% y/y to ₦14.41Bn Proposed Interim Dividend: 50 kobo/share (gross) Unilever Nigeria Plc […]
Nigerian Breweries Plc Q2-25: Pricing Gains and FX Relief Support Continued Recovery
July 29, 2025/Cordros Report Nigerian Breweries Plc (NB) published their Q2-25 unaudited financials today. The results showed an earnings per share of NGN1.38, a sharp rebound from a loss per share of NGN3.21 in Q2-24. As a result, H1-25 EPS rose to NGN2.84, compared to a loss per share of […]
