April 30, 2025/Cordros Report First HoldCo Plc (FIRSTHOLDCO) published their Q1-25 unaudited financials yesterday (29 April), reporting an earnings per share of NGN4.72 (Q1-24: NGN5.76). We attribute the decline to the lower non-interest income (-60.0% y/y) recorded during the period. FIRSTHOLDCO recorded a 40.2% y/y growth in interest income to […]
Results & Dividends
Cement Sector Begins 2025 on a Strong Note
April 29, 2025/CSL Research The cement industry kicked off 2025 on a robust note, delivering impressive financial results in the first quarter. Total Revenue for all listed cement producers surged by 37.4% year-on-year (y/y) to ₦1.53 trillion, up from ₦1.12 trillion in Q1 2024. This topline growth was largely driven […]
Unilever Nigeria Plc Q1 2025: Strong Start to 2025 Supported by Robust Revenue Growth and Moderate Expense
April 29, 2025/CSL Research Financial Highlights: Revenue: +45.4% y/y to ₦46.98Bn Cost of Sales: +49.5% y/y to ₦28.12Bn OPEX: +10.1% y/y to ₦10.66Bn EBITDA: +106.9% y/y to ₦9.08Bn Operating Profit: +115.2% y/y to ₦8.27Bn Profit before Tax: +146.7% y/y to ₦10.75Bn Stock Rating: BUY, Target Price: ₦44.02/s To read full […]
