Analyst: Qudus Adebara Executive Summary C & I Leasing Plc delivered a strong and broad-based performance for the financial year ended December 31, 2025, underpinned by robust lease asset expansion, improved net lease income, and strong regional revenue diversification, particularly from Ghana and the UAE. Despite heightened finance costs and inflation-driven operating pressures, the Group recorded a solid earnings uplift, supported by topline growth, improved operational scale, and higher income from joint ventures.Read more

Consolidated Hallmark Holdings Plc Delivers Strong FY 2025 Earnings Growth Driven by Insurance Revenue Expansion and Investment Income Amid FX Volatility Analyst: Qudus Adebara Executive Summary Consolidated Hallmark Holdings Plc delivered a strong financial performance for the year ended 31 December 2025, underpinned by robust growth in insurance revenue, strong investment income, and an expanded balance sheet. Despite material foreign exchange losses and higher insurance service expenses, the Group recorded solid profitability, supported by improved underwriting scale, higher interest income, and fair value gains on financial assets.Read more

Analyst: Qudus Adebara Executive Summary Abbey Mortgage Bank Plc delivered an outstanding financial performance for the year ended 31 December 2025, underpinned by robust interest income growth, improved asset quality, strong liquidity inflows, and significant balance sheet expansion. The Bank benefited from a sharp increase in income from cash placements and investment securities amid elevated interest rates, while maintaining tight credit risk controls.Read more

Analyst: Qudus Adebara Executive Summary ABC Transport Plc recorded a strong performance for the fourth quarter ended December 31, 2025, supported by robust revenue growth across its core transport, haulage, and franchise operations, improved gross margins, and effective cost management despite elevated operating and financing costs. The Group benefited from higher passenger volumes, increased haulage activities, and stronger franchise income, which more than offset rising administrative expenses and finance costs.Read more

R.T. Briscoe Delivers Strong FY 2025 Earnings Turnaround Despite Persistent Balance Sheet Strain Analyst: Qudus Adebara Executive Summary R.T. Briscoe (Nigeria) Plc delivered a remarkable earnings recovery in FY 2025 , driven by strong revenue growth, improved gross margins, and a significant uplift in other income. The Group recorded a sharp rebound in profitability despite continued balance sheet pressure, elevated leverage, and negative equity position.Read more

Analyst: Qudus Adebara Executive Summary Sterling Financial Holdings Plc delivered a solid financial performance for the twelve months ended 31 December 2025. Key highlights: Profit after tax: ₦78.63 billion, up 80% YoY (FY 2024: ₦43.68 billion), reflecting higher net interest income and strong cost management.Read more

Analyst: Qudus Adebara (DLM Securities Research Analyst) Executive Summary Aradel Holdings Plc delivered an exceptional and transformational performance in FY 2025 , driven by strong crude oil and refined products revenue, significant associate contributions, and strategic acquisitions that materially expanded the Group’s asset base. Revenue grew 20% YoY to ₦697.3 billion , supported by higher production volumes, improved pricing, and strong export sales.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

Analyst: Qudus Adebara (Research Analyst) Executive Summary VFD Group Plc delivered a solid FY 2025 performance marked by strong balance sheet expansion, resilient core investment income, and exceptional comprehensive income growth , despite persistent pressure from elevated finance costs and higher impairment charges. For the year ended December 31, 2025, the Group recorded Profit After Tax (PAT) of ₦9.68 billion , representing an 11.4% YoY increase , supported by strong fair value gains on equity investments and disciplined cost control.Read more