Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) Fidelity Bank Plc delivered a resilient financial performance for the year ended December 31, 2025, supported by strong growth in interest income, improved asset yields, and significant balance sheet expansion. Gross earnings rose 46% YoY to ₦1.52 trillion, driven primarily by strong interest income growth and higher foreign currency revaluation gains.Read more

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) BUA Foods Plc delivered a strong financial performance for the three months ended March 31, 2026, supported by robust revenue growth across its core food segments, improved operating efficiency, and resilient demand for staple food products. Group revenue increased strongly to ₦394.6 billion, while Profit Before Tax (PBT) rose to ₦153.8 billion.Read more

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) Neimeth International Pharmaceuticals Plc delivered a significant turnaround performance for the year ended December 31, 2025, supported by strong revenue expansion, improved operating efficiency, and a recovery in foreign exchange performance. Revenue grew strongly by 64% YoY to ₦7.37 billion, driven mainly by robust growth in the pharmaceutical segment.Read more

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) John Holt Plc delivered a significant turnaround performance for the quarter ended March 31, 2026, supported by strong revenue expansion, improved operational efficiency, and higher contributions from its technical products and leasing services segment. Revenue grew sharply by 126% YoY to ₦1.28 billion, while the Group returned to profitability with Profit Before Tax (PBT) of ₦63 million compared to a loss of ₦162 million in the corresponding period of 2025.Read more

Executive Summary Analyst: Qudus Adebara (Research Analyst) First HoldCo Plc delivered a significantly weaker financial performance for the year ended December 31, 2025, as elevated impairment charges, trading losses, and higher operating expenses offset strong growth in interest income and balance sheet expansion. Gross earnings remained resilient, supported by a 25% YoY increase in interest income to ₦2.99 trillion, driven by growth in customer lending and investment securities yields.Read more

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) Beta Glass Plc delivered a resilient but moderated financial performance for the three months ended March 31, 2026, as softer sales volumes, rising foreign exchange losses, and elevated finance costs pressured earnings. Revenue declined by 9% YoY to ₦37.54 billion from ₦41.16 billion in Q1 2025, reflecting weaker demand conditions in the glass and packaging market.Read more

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) ABC Transport Plc delivered a modest improvement in profitability for the first quarter ended March 31, 2026, supported by growth in haulage operations, logistics services, and ancillary business lines. Group revenue increased by 18% YoY to ₦4.27 billion, while Profit After Tax (PAT) rose 7% YoY to ₦239.7 million.Read more

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securties) MTN Nigeria Communications Plc delivered a strong financial performance for the three months ended March 31, 2026, supported by accelerated data revenue growth, improved operating leverage, and positive foreign exchange gains. Revenue rose by 42% YoY to ₦1.50 trillion, driven primarily by data and voice services.Read more

Executive Summary Airtel Africa Plc delivered another period of solid growth for the half year ended 30 September 2025 , sustaining its robust operational and financial performance despite persistent macroeconomic headwinds across its 14 markets. The Group’s results reflect a strong execution of its customer-focused strategy, underpinned by expanding digital adoption, network investment, and the growing contribution of its fintech operations.Read more