Legend Internet Plc – Profitability Amid Growth Investments. Legend Internet Plc has demonstrated stable top-line growth and expanding market presence in Nigeria’s digital broadband space.

Nascon delivered a 35.4% YoY surge in Q2 2025 revenue to ₦36.3bn, with H1 revenue jumping 55% YoY to ₦78.16bn. This growth reflects strong demand recovery, potential price adjustments, and improved market penetration.

CAAS posted solid top-line growth in Q2 2025, with net sales increasing 11.1% YoY to $176.2 million, propelled by surging Electric Power Steering (EPS) product sales, which grew 31.1% and now represent 41.4% of total sales. The company's transition toward advanced steering technologies positions it well for long-term demand in electric and autonomous vehicles.

The Initiates Plc (TIP) delivered a robust half-year performance in 2025 , showing significant growth across revenue, profitability, asset base, and key financial ratios. These results reflect strong operational efficiency, improved cost management, and healthy liquidity positioning.

Transcorp Power Plc reported a solid 52% YoY revenue growth in H1 2025, driven by improved electricity generation and billing efficiency. However, rising costs — particularly in fuel, operations, and finance — compressed margins and impacted quarterly profitability.

Nigerian Aviation Handling Company Plc delivered a stellar H1 2025 result, reflecting strong earnings momentum, healthy operational leverage, and potential long-term growth driven by Nigeria’s expanding air travel and logistics industry. With gross profit margin nearly doubling year-on-year and a clean balance sheet, NAHCO is positioned to deliver robust shareholder value.

Key Strategic Actions Multi-Tenant Retail Sale Completed Final two phases closed; portfolio simplified, $6.5M annual G&A savings, ~$30M recurring capex reduction. Credit Rating Upgrade S&P: Corporate rating raised to BB+ ; unsecured notes upgraded to investment-grade BBB-.

VFD Group Plc delivered a strong financial performance for the half year ended June 30, 2025, showing significant top-line growth, improved profitability, and robust asset expansion. The Group's gross earnings rose by 44% YoY to ₦41.17 billion (H1 2024: ₦28.59 billion), driven by solid investment income and net gains on financial assets.

Saul Centers posted Q2 2025 results showing healthy top-line growth but softer profitability as new development lease-up costs weighed on earnings. Strengths / Catalysts Revenue Growth: Total revenue rose to $70.8M from $66.9M a year ago (+5.8%), driven by incremental rent from Twinbrook Quarter Phase I and base rent growth in the existing portfolio.