Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) Transnational Corporation Plc delivered a resilient performance for the three months ended March 31, 2026, underpinned by improved finance income, diversified revenue streams across hospitality and power segments, and steady operational efficiency despite a decline in top-line revenue. Group revenue declined by 13% YoY to ₦125.14 billion, largely reflecting lower power generation output and capacity charges.Read more

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) Nigerian Breweries Plc recorded a resilient performance for the financial year ended 31 December 2025, supported by stable revenue growth, improved operating efficiency, and disciplined cost management despite persistent macroeconomic headwinds and elevated financing costs. Group revenue rose marginally by 0.3% YoY to ₦1.47 trillion, reflecting stable demand across core beer and beverage segments, alongside contributions from product portfolio expansion, including wines and spirits.Read more

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) United Bank for Africa Plc delivered a moderated performance for the three months ended March 31, 2026, as strong growth in core earnings was offset by elevated impairment charges and rising operating expenses. Gross earnings increased by 5% YoY to ₦801.5 billion, supported by higher interest income and improved non-interest revenue streams.Read more

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) Transcorp Hotels Plc delivered a stable but slightly pressured performance for the three months ended March 31, 2026, with modest revenue growth offset by rising operating expenses and negative operating cash flow. Despite margin pressure, profitability remained resilient, supported by strong room revenue and continued demand across core hospitality segments.Read more

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) BUA Cement Plc delivered a strong performance for the three months ended March 31, 2026, supported by robust revenue growth, improved operating efficiency, and significant foreign exchange gains. Despite a relatively stable cost base, profitability was further enhanced by strong pricing dynamics, volume recovery, and lower finance cost pressure compared to prior periods.Read more

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) Transcorp Power Plc delivered a softer earnings performance for the three months ended March 31, 2026, reflecting a decline in revenue and operating profit. Despite this, the company maintained strong profitability and significantly strengthened its balance sheet, supported by improved liquidity and capital expansion.Read more

Executive Summary Analyst: Qudus Adebara (Head of Equity, Wane Trading Club) SoundHound AI, Inc. delivered a transformative performance for the fiscal year ended December 31, 2025, marked by rapid revenue expansion and sharply reduced losses , driven by strong adoption of its voice AI platform and strategic acquisitions.Read more

Executive Summary Analyst: Qudus Adebara (Founder of Wane Investment House) CF Industries Holdings, Inc. delivered a solid financial performance for the year ended December 31, 2025, underpinned by stronger fertilizer pricing and disciplined cost management.Read more

Executive Summary Analyst: Qudus Adebara (Founder of Wane Investment House) DHT Holdings Inc. delivered a solid performance in FY 2025, with Profit After Tax rising to $211.0 million (+16.3% YoY) , driven by improved tanker earnings, cost efficiency, and gains from vessel sales.Read more