Diversified Financials Nigerian Community

Executive Summary VFD Group Plc reported an impressive performance for the nine months ended 30 September 2025 , with substantial growth across core earnings, profitability, and balance sheet size. The Group sustained its strategic expansion drive across its diversified investment portfolio, demonstrating strong resilience and earnings momentum despite a challenging macroeconomic environment.Read more

Sector: Financials Industry: Mortgage Banking / Primary Mortgage Institution (PMI) Coverage Analyst: Adebara Qudus (+234 9058909959) Date: October 2025 1. Company Overview ASO Savings & Loans Plc (“ASO”) is a leading Primary Mortgage Institution (PMI) in Nigeria, established in 1995 and headquartered in Abuja.Read more

Executive Summary eTRANZACT International Plc delivered a resilient performance for the nine months ended September 30, 2025, supported by robust transaction volumes, digital payments growth, and strategic operational efficiency. The Group recorded improved revenue and profitability, highlighting the resilience of its fintech platform despite macroeconomic challenges.Read more

Executive Summary United Capital Plc delivered an exceptional performance for the nine months ended 30 September 2025 , achieving strong revenue growth, solid profitability, and record comprehensive income despite a challenging macroeconomic backdrop. The Group reported a Profit Before Tax (PBT) of ₦25.0 billion , up 33.6% year-on-year from ₦18.7 billion in 2024, reflecting improved operating efficiency, higher trading income, and strong fee-based revenues.Read more

Executive Summary NGX Group Plc delivered robust financial performance for the nine months ended September 30, 2025, supported by higher revenue, increased investee income, and disciplined cost management. The Group recorded a 44% YoY growth in total revenue to ₦17.95 billion, driven by higher listing, trading, and market data fees, while the Company’s revenue rose modestly by 4% to ₦10.82 billion.Read more

Executive Summary Stanbic IBTC Holdings Plc delivered a strong top-line and bottom-line performance in 9M 2025, driven by robust interest income, sustained fee-based earnings , and improved cost efficiency. The Group recorded record profit before tax (PBT) of ₦393.8 billion , up 77% year-on-year , and profit after tax (PAT) of ₦278.5 billion , up 52% year-on-year , supported by strong trading and non-interest income growth.Read more

Africa Prudential Plc delivered another strong financial performance for the nine months ended 30 September 2025 , with profit after tax surging 53.5% YoY to ₦2.05 billion (9M 2024: ₦1.34 billion). The result was underpinned by higher investment income and growth in customer-contract revenue , reflecting the company’s continued diversification into digital and technology-driven services.Read more

Abbey Mortgage Bank Plc delivered a solid H1 2025 performance, with double-digit growth in revenue and profitability metrics, driven largely by increased interest income and cost control. While rising deposits and expanding total assets signal growing investor and customer confidence, declining loan book size raises questions about asset deployment efficiency.Read more

Q2/H1 Result Solid Growth Trajectory with Strong Margins but Funding Cost Pressures Remain Infinity Trust Mortgage Bank Plc (ITMB) has delivered strong double-digit growth in both top-line and bottom-line metrics in H1 2025, reflecting the strength of its mortgage-focused business model amid Nigeria’s rising demand for housing finance. The bank’s ability to sustain profitability while aggressively expanding its loan book and asset base positions it as a viable growth stock in the financial services sector.Read more