November 3, 2025/InvestmentOne Report Oando’s 9M:2025 group revenue fell to NGN2.541 trn in 9M:2025 from NGN3.189 trn a year earlier, a 20.32% decline. This was largely due to weaker downstream trading – notably the suspension of Premium Motor Spirit (PMS) imports following the Dangote Refinery ramp-up – offsetting stronger upstream sales. Gross […]
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Eterna Plc 9M 2005: Narrow Spreads Compress Margins, Earnings Remain Subdued
November 3, 2025/InvestmentOne Report Eterna Plc reported a challenging Q3:2025, with sharp margin compression and weaker volumes driving a significant contraction in operating earnings. For the nine-month period, Group revenue declined 8.95% YoY to NGN212.84bn (9M:2024 NGN233.75bn), while gross profit fell 67.37% YoY to NGN9.80bn as trading spreads narrowed across […]
Conoil Plc 9M:2025 Earnings Report: Elevated Finance Costs Squeeze Margins and Earnings
November 3, 2025/InvestmentOne Report Revenue moderated to NGN203.83bn (-18.20% YoY), reflecting softer product pricing and volume weakness across the white products segment. Gross profit contracted 34.71% YoY to NGN16.68bn, with gross margin down to 8.18% (9M:2024 10.25%) on weaker spreads and higher input costs. Operating profit fell to NGN8.77bn (-50.50% […]
