May 7, 2025/Cordros Report We update our views on BUACEMENT in this report, accounting for the impressive performance in the first quarter of 2025. BUACEMENT’s revenue surged by 80.5% y/y in Q1-25, which we believe was primarily driven by higher pricing. The robust revenue growth, slower cost escalation (+31.2% y/y), […]

May 7, 2025/Cordros Report INTBREW’s Q1-25 results mark a turning point in their performance trajectory, with a return to profitability driven by robust revenue growth (+68.2% y/y) and improved operational efficiency, with operating profit reaching NGN31.53 billion in Q1-25, compared to an operating loss of NGN80.58 billion in Q1-24. Additionally, […]

May 6, 2025/United Capital Report Aradel Holdings Plc’s Q1-2025 un audited financial results show a 97.6% increase in revenue to ₦199,867 from ₦101,165, primarily due to a 214.3% increase in gross profit to ₦78,889. However, there was also a 103.0% decrease in other income to ₦614, and a 149.2% increase […]