Global Community

Key Highlights: EGM Set for July 25 : Seeking approval for public/private equity issuance and conversion of related-party loans to ordinary shares. Debt-to-Equity Strategy : Board proposes converting director/shareholder and CBN program loans to equity—aimed at deleveraging and strengthening the balance sheet.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

SCOA NIGERIA PLC Q3 Result – Strong Earnings Rebound Driven by Cost Efficiency and Financial Recovery Momentum Executive Summary SCOA Nigeria Plc delivered an impressive turnaround performance for the nine months ended 30 September 2025 , as profitability surged on the back of cost optimization, improved financial discipline, and lower finance charges. Despite a moderate decline in revenue, the Company recorded a significant rebound in bottom-line performance, reporting a Profit After Tax (PAT) of ₦295.5 million , a remarkable 1,082% year-on-year increase from ₦25.0 million in the same period of 2024.Read more

Strong 9M performance despite FX cost drag; business fundamentals remain solid Executive Summary Nigerian Aviation Handling Company plc delivered a strong financial performance for the nine-month period ended 30 September 2025, supported by sustained aviation traffic growth, increased ground handling demand, and operational resilience. Revenue grew 41% YoY to ₦47.76bn , driven by higher passenger/cargo volumes and improved pricing in ground handling services.Read more

Executive Summary Japaul Group delivered a solid performance for the nine-month period ended September 30, 2025, sustaining its recovery momentum on the back of improved operational execution and revenue expansion across core business lines. Turnover grew 24% YoY to ₦2.66 billion , supported by increased activity in maritime services, mining operations, and energy logistics.Read more

Executive Summary Aradel Holdings Plc delivered a landmark performance for the nine months ended September 30, 2025, posting exceptional earnings growth underpinned by significant expansion in crude oil, natural gas, and refined products output. Despite a challenging oil price environment and elevated cost pressures, the Group demonstrated operational resilience and disciplined execution across its fully integrated energy value chain.Read more

Executive Summary AXA MANSARD Insurance Plc recorded a resilient performance for the nine months ended 30 September 2025, supported by a robust investment return and improved underwriting discipline. Insurance revenue grew by 22.7% YoY to ₦120.53 billion (9M’24: ₦98.24 billion), driven by stronger premium generation across retail and corporate lines.Read more

Executive Summary Livestock Feeds Plc released its unaudited financial statements for the nine months ended 30 September 2025 , revealing a notable deterioration in earnings performance driven by persistent cost pressures and weakened revenue momentum. The Company posted a loss after tax of ₦326.54 million for the nine-month period, compared to a profit after tax of ₦1.42 billion in the corresponding period of 2024 — marking a significant year-on-year reversal in profitability.Read more

Executive Summary Meyer Plc reported a robust increase in profitability for the nine months ended September 30, 2025. Revenue grew 43% YoY to ₦2.98 billion , supported by higher sales volumes and improved operational efficiency.Read more