Author: Qudus Adebara (Founder of Wane Investment House, Nigeria) Executive Summary Global Ship Lease, Inc. (NYSE: GSL) delivered a robust performance for the third quarter ended September 30, 2025, with revenue of $192.7 million, up 10.7% YoY , reflecting strong demand across its containership fleet and successful contract backlog management.Read more

Author: Qudus Adebara (Founder of Wane Investment House, Nigeria) Executive Summary MicroVision, Inc. delivered a strategic quarter for the three months ended September 30, 2025, focused on technological innovation and growth initiatives despite limited near-term revenue.Read more

Executive Summary Cutix Plc delivered a mixed performance for the six-month period ended October 31, 2025, characterized by stable revenue levels but significant margin compression and a sharp decline in profitability. Group revenue stood at ₦7.42 billion , down 5% YoY from ₦7.82 billion , reflecting softer sales volumes and a challenging operating environment.Read more

Executive Summary First HoldCo Plc delivered resilient performance for the nine months ended September 30, 2025, supported by solid earnings momentum across banking operations, strong net-interest income growth, and sustained fee-based income contribution. The Group demonstrated effective asset-liability management, improved credit cost discipline, and enhanced balance sheet strength despite FX market volatility and losses from discontinued operations.Read more

Executive Summary Ellah Lakes Plc reported mixed performance for the period ended 31 October 2025 , with modest revenue improvement but sustained operating losses driven by high administrative and personnel expenses, limited scale efficiencies, and elevated finance charges. For the 3 months ended October 2025 , revenue grew significantly to ₦5.05 million compared with ₦0.25 million recorded in October 2024, while revenue for the 15-month period increased materially to ₦72.16 million (vs ₦1.03 million in the corresponding prior period).Read more

Executive Summary TotalEnergies Marketing Nigeria Plc reported a mixed performance for the nine months ended September 30, 2025. The company faced pressures on profitability , with a 9M 2025 net loss of ₦14.1 billion , compared to a profit of ₦27.4 billion in 9M 2024.Read more

Executive Summary Conoil Plc reported a challenging performance for the nine-month period ended September 30, 2025, reflecting significant earnings pressure driven by declining sales volumes, margin contraction, and elevated finance costs. Despite maintaining topline scale, heightened operating and funding costs materially weighed on profitability.Read more

MTN NIGERIA COMMUNICATIONS PLC Q3 Result – Strong Earnings Recovery, Balance Sheet Restoration & Dividend Resumption Executive Summary MTN Nigeria Communications Plc delivered a strong financial and operational performance for the nine months ended September 30, 2025, marking a full turnaround after FY-2024 losses driven by FX volatility. The Group reported a substantial rebound in earnings supported by mobile data growth, fintech expansion, pricing adjustments, and improved FX market stability.Read more

Executive Summary UAC of Nigeria Plc delivered a moderate performance for the nine months ended 30 September 2025 , achieving ₦159.58 billion in revenue , up 20% YoY from ₦133.18 billion in 9M 2024. Gross profit rose to ₦39.37 billion, supported by disciplined cost management despite rising cost of sales.Read more