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MTN Nigeria has delivered a remarkable turnaround in H1 2025, with a profit after tax of ₦414.86 billion, compared to a loss of ₦519.06 billion in H1 2024. This rebound is primarily driven by strong revenue growth, operational efficiency, and the absence of last year’s severe foreign exchange losses.

FCMB Group Plc H1 2025: Robust Growth in Core Banking Operations Despite Rising Costs Key Highlights: Gross Earnings Surge : FCMB posted a 41% YoY increase in gross earnings to ₦529.2 billion in H1 2025, reflecting improved interest income and a solid performance across its business units. Strong Net Interest Income : Net interest income nearly doubled to ₦207.4 billion (up 95%) driven by a 70% growth in interest and discount income to ₦458.4 billion.

Mutual Benefits Assurance Plc has delivered a remarkable turnaround in financial performance, transitioning from a loss in Q2 2024 to a robust ₦7.8 billion pretax profit in Q2 2025. This performance is driven by strong growth in insurance revenues , significant efficiency in service delivery , and a ninefold surge in investment income.

Key Highlights (Group Level): Item H1 2025 (₦’million) H1 2024 (₦’million) Change Interest Income 1,437,409 947,694 +52% Interest Expense (532,582) (432,761) +23% Net Interest Income 904,827 514,933 +76% Impairment Charges (185,397) (92,986) +99% Net Interest After Impairment 719,430 421,947 +70% Net Fee & Commission Income 138,697 110,836 +25% FX Gains/(Loss) 73,543 (165,046) Reversed loss Net Gains FVTPL (53,668) 432,201 Downturn Operating Profit 355,976 411,965 -14% Profit Before Tax 356,149 411,990 -14% Profit After Tax (Cont.) 283,770 360,265 -21% Profit After Tax (Total) 289,772 365,300 -21% EPS (Naira) 10.05 6.84 +47% YoY EPS Q2 HoldCo (Standalone) Performance: H1 2025 profit rose 500% YoY from ₦1.43bn to ₦8.55bn. Interest income grew by 219% , from ₦2.55bn to ₦8.15bn.

MeCure Industries Plc has delivered exceptional growth in Q2 2025, highlighted by a 634% YoY surge in pre-tax profit and 165% revenue growth , driven primarily by booming demand in its acute care and OTC product segments. The company’s sharp revenue and margin expansion have firmly placed it on an upward profitability trajectory.

Conoil Plc Q2/H1 Result: Sharp Earnings Decline Highlights Margin Pressures Amid Revenue Contraction Conoil Plc’s H1 2025 results show a steep decline in profitability , with profit before tax plunging by 88.8% YoY to ₦1.15 billion , driven by a 20.4% drop in revenue and persistent cost-side pressures. Earnings per share (EPS) contracted sharply to ₦1.30 from ₦11.56 , eroding investor value.

Sterling Financial Holdings Company Plc – H1 2025 Performance Review Thesis: Sterling Financial Holdings Company Plc (Sterling Holdings) demonstrated a strong financial performance in H1 2025, marked by significant growth in profitability and operational efficiency. These results affirm the company's solid fundamentals and robust growth trajectory, supporting a positive investment outlook with moderate caution due to rising cost pressures and macro-financial risks.

Haldane McCall Plc has reported a stable performance for the half-year ended June 30, 2025, demonstrating consistent profitability, healthy balance sheet strength, and improved asset base — although growth in inventories and receivables may require close monitoring for operational efficiency. Key Highlights from the Financial Results: Profitability Maintained Revenue declined significantly by 57% YoY to ₦1.20 billion (from ₦2.78 billion in H1 2024), raising questions on top-line sustainability.

✅ Strengths Impressive Revenue Growth : Revenue surged 63.4% YoY to ₦78.2bn in H1 2025 (vs ₦47.9bn in H1 2024), reflecting strong demand and effective pricing strategies. Explosive Profit Growth : Profit after tax jumped 334% YoY to ₦18.7bn (H1 2024: ₦4.3bn).