October 28, 2025/Cordros Report Dangote Cement Plc (DANGCEM) released its Q3-25 unaudited results after the close of business yesterday (27 October), reporting a 147.3% y/y surge in EPS to NGN13.08 (9M-25: +164.8% y/y to NGN43.82). This performance was driven by a 35.3% y/y increase in revenue and a 109.2% y/y […]

October 28, 2025/Cordros Report Following the release of ACCESSCORP’s H1-25 results, we have revised our outlook and estimates for the group. The HoldCo delivered a solid topline performance, with funded earnings rising by 38.9% y/y. Nonetheless, profitability weakened, driven by a sharp contraction in trading gains on equity (-96.3% y/y) […]

October 28, 2025/Cordros Report We have updated our estimates for Nigerian Breweries Plc (NB) following the release of their Q3-25 results. Although topline performance remains resilient — with 9M-25 revenue up 47.2% y/y — the Q3-25 revenue came in below our expectations (variance: -9.4%), reflecting a sharper-than-assumed seasonal slowdown. As […]