Results & Dividends

FBN Holdings Q1 2025: Fair Value Loss Leads to Y/Y Profit Decline

April 30, 2025/CSL Research Financial Highlights: Interest Income: +40.2% y/y to N625.28BN Interest Expense: +18.6% y/y to N260.09BN Cost of Risk: -6bps y/y to 1.6% Cost to Income Ratio: +898bps y/y to 52.3% Profit before Tax: -10.4% y/y to N189.48BN Stock Rating: UR To read the full report, click on […]

Cadbury Nigeria Plc Q1 2025: Strong Q1 2025 Performance Positions Cadbury for a Robust Financial Year

April 30, 2025/CSL Research Financial Highlights: Revenue: +57.1% y/y to ₦37.23Bn Cost of Sales: +34.1% y/y to ₦25.07Bn OPEX: +28.7% y/y to ₦2.86Bn EBITDA: +213.8% y/y to ₦10.18Bn Operating Profit: +251.0% y/y to ₦9.69Bn Profit before Tax: +181.7% y/y to ₦8.54Bn Stock Rating: HOLD, Target Price: ₦33.05/s To read full […]

MTNN Q1 2025: Strong profit recovery Driven by Lower FX Losses

April 30, 2025/CSL Research Financial Highlights: Revenue +40.5% y/y to N1.06TN Direct Network Operating Costs +33.4% y/y to 337.38BN OPEX +12.1% y/y to N227.85BN EBITDA +65.9% y/y to N492.75BN Operating Profit +96.9% y/y to N342.72BN Pre-Tax Profit rose to N202.65BN from the N575.69 Pre-Tax loss recorded in Q1 2024 Stock […]