Global Community

Executive Summary NCR Plc recorded a remarkable turnaround in performance for the nine months ended 30 September 2025 , reporting a profit before tax of ₦237.98 million , compared to a loss of ₦2.65 billion in the corresponding period of 2024. This impressive rebound reflects stronger revenue generation, improved cost efficiency, and operational restructuring initiatives that have started yielding tangible results.Read more

Executive Summary AIICO Insurance Plc delivered a resilient performance for the nine months ended September 30, 2025, marked by a significant turnaround in underwriting results and a solid boost from investment activities. The Group recorded substantial improvement in insurance service results, supported by disciplined underwriting, enhanced risk selection, and effective reinsurance programs.Read more

Executive Summary The Initiates Plc posted strong financial results for the nine months ended 30 September 2025, reflecting exceptional revenue growth, improved cost management, and significant profit expansion. Revenue from contracts with customers increased 129% YoY to ₦5.38 billion , supported by strong market demand and operational efficiency.Read more

Increasing subscriber numbers alongside increasing ARPU yields 20% annual revenue growth as more and more businesses turn to cloud based accounting solutions with strong integrations and eventual AI features to run their businesses. Xero has high scalability of its products, with current gross margin of ~88%.Read more

Executive Summary Linkage Assurance Plc released its unaudited financial statements for the nine months ended 30 September 2025 , showcasing a resilient operational and financial performance amid a challenging macroeconomic environment. The Company reported a profit after tax (PAT) of ₦3.12 billion , representing a 25.1% year-on-year decline from ₦4.16 billion in the corresponding period of 2024.Read more

Executive Summary Conhall Plc reported a softer performance for the nine months ended September 30, 2025, as prior-year extraordinary fair-value investment gains normalized. Despite a sharp decline in net income versus the exceptionally strong 2024 base, the Group sustained resilient operating momentum in its core insurance and investment services businesses.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 Caverton Offshore Support Group Plc reported a challenging performance for the nine months ended September 30, 2025, impacted by significant foreign exchange losses, high finance costs, and operational pressures. Group revenue for 9M 2025 stood at ₦20.45 billion , reflecting operational stability compared to prior year, but overall profitability was constrained by net foreign exchange losses of ₦731 million, administrative costs of ₦6.62 billion, and substantial finance costs of ₦14.37 billion.Read more

Executive Summary LASACO Assurance Plc released its unaudited financial statements for the nine months ended 30 September 2025 , reflecting a challenging operating environment marked by higher claims expenses and cost pressures, which eroded profitability despite solid top-line and investment income growth. The Group reported a loss after tax of ₦499.0 million , compared to a profit of ₦1.97 billion in the corresponding period of 2024, driven largely by a significant rise in operating expenses and insurance service costs.Read more