April 29, 2025/Cordros Report We have revised our estimates for NB following a solid start to the year. The brewer maintained strong topline momentum from Q4-24 into Q1-25, recording 24.2% (NGN383.64 billion) of our 2025E revenue of NGN1.59 trillion – thus retaining its top spot (2025E: 55.2%) in market share. Notably, […]
Results & Dividends
Unilever Nigeria Plc Q1-25: Topline Momen tum Sustains Profit Growth
April 29, 2025/Cordros Report Unilever Nigeria Plc (UNILEVER) published their Q1-25 unaudited results after market close yesterday (28 April), reporting an earnings per share of NGN0.97 (Q1-24: NGN0.58), driven by solid top-line growth (+45.4% y/y). UNILEVER grew revenue by 45.4% y/y (Q1-24: +57.8% y/y) in the period, due to significant […]
Dangote Cement Plc: Earnings Expand as Price Hikes Cushion Volume Dip
April 29, 2025/InvestmentOne Report Dangote Cement Plc delivered an impressive performance in Q1:2025, with revenue rising by 21.69% YoY to NGN994.66bn, majorly driven by price increases as group sales volume declined by 6.72% YoY to 6.57 million metric tonnes. Production cost of sales edged up modestly by 2.29% YoY to […]
