₦airaland Forum

📄 Document Title: OANDO PLC – QUARTER 2 – FINANCIAL STATEMENT FOR 2025
📅 Period Covered: 6 months ended 30 June 2025
🔗 View Full Report (PDF)


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🔹 H1 2025 FINANCIAL PERFORMANCE

✅ Revenue

₦799.43 billion

+67.1% increase from ₦478.45 billion in H1 2024


✅ Gross Profit

₦132.16 billion

+38% from ₦95.77 billion in H1 2024


✅ Operating Profit

₦88.01 billion

+66% from ₦52.98 billion in H1 2024


✅ Profit Before Tax

₦45.76 billion

vs ₦9.33 billion in H1 2024 (up +390%)


✅ Profit After Tax

₦32.89 billion

vs ₦6.91 billion in H1 2024 (up +376%)


✅ Earnings Per Share (EPS)

₦2.46

Compared to ₦0.52 in H1 2024



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🔸 EXPENSES & COSTS

⚠️ Finance Cost

₦44.43 billion

Slight increase from ₦42.43 billion in H1 2024


⚠️ Administrative Expenses

₦40.8 billion

Up from ₦32.6 billion in the same period last year



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🔸 BALANCE SHEET POSITION (As of 30 June 2025)

Item Amount (₦)

Total Assets 2.14 trillion
Total Liabilities 1.87 trillion
Total Equity 264.4 billion



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🔸 SEGMENT PERFORMANCE

1. Crude Oil and Natural Gas

Revenue: ₦352.3 billion


2. Trading (Refined Petroleum Products)

Revenue: ₦427.6 billion


3. Energy Services & Others

Minor portion of the remaining revenue



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🔸 CASH FLOW HIGHLIGHTS

Net cash from operating activities: Positive

Net cash used in investing activities: Mainly on capex and exploration

Net cash used in financing activities: Interest and debt servicing



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📌 MANAGEMENT COMMENTARY (Summary)

Growth driven by higher trading volumes and improved oil market conditions.

Operational efficiency and cost control contributed to increased margins.

The company continues to restructure its liabilities and optimize working capital.

I already know that FirstHoldCo will pay like 75 to 85 Kobo for 2025 full financial year

SonofElElyonRet:
Everybody just dey market him stock and some people too dey demarket other people's.. I no name anybody ooo

But you know say I no dey market rotten tomatoes
.

SAK:
September? Too far ! The result will be sleeping at CBN for more than one month ? They ought to have release unaudited results for our perusal/review,I hope they will not come back and tell us stories and blaming CBN for not approving dividend.

Interim dividend of at least 1 ₦aira is certain.

Agbalowomeri:
Na now dem just dey carry report go CBN

It will be out before September 2025

ACCESSCORP half year dividend is almost here!

It looks like the PDF link you shared is the Notice of Approval of the 2025 Half-Year (HY) Audited Financial Statements by Access Holdings Plc for the period ended June 30, 2025. Here's what’s publicly disclosed (via Marketscreener/Access Bank release on July 31, 2025):


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📌 Key Points – 2025 HY Audited Results Notification

On Wednesday, July 30, 2025, the Board of Access Holdings Plc approved the interim audited consolidated and separate financial statements for the half-year ended June 30, 2025 .

The approval includes the decision to pay an interim dividend, subject to Central Bank of Nigeria (CBN) approval .

Access Holdings will publish the results once CBN approval is obtained.

A closed period restricting trading by insiders is in effect until 24 hours after results are released to the public .

https://doclib.ngxgroup.com/Listings-site/corporate-disclosure-site/Documents/ACCESS_HOLDINGS_PLC_NOTIFICATION_OF_APPROVAL_OF_2025_HY_AUDITED_FS_.pdf

zendi:
Including First Bank.

And there are other gems in other sectors too.

The management of First Bank doesn't care about investors' prosperity.

The management's major aim is the cooking of accounts in order to embe.zzle funds.

60 Kobo as the dividend for 2024 financial year is a misnomer for FirstHoldCo.

zendi:
Good news !

Plus, the sun will rise at dawn tomorrow, giving birth to a new day, and we shall christen it Friday.

Senior Monkey Hunter Edueco, alias Lekos.

Those companies I mentioned are gold standard in equity investment in the Nigerian Stock Exchange.

kintus:
If you like go put body.....them go use exit...you go turn bag holder.

You're gradually decoding their game

yMcy56:
Na my LearnAfrica dem put for full offer like this?
People dey para o...
We no dey shake, no be today we dey this market... 😊

This is one of the disadvantage of small capitalization company.

The company is even a seasonal company.

Everything about First Bank is stress.

If you want to get debit or credit card is stress.

If you want to start using their banking app is stress.

WEMA is the opposite of First Bank; getting debit/credit cards is stress free.And if you want to start using the ALAT app is also stress free.

Customers are the kings/queens in any business transaction.

Always treat your customers with respect.

If First Bank is not careful,they will end like Union Bank in the next 30 years.

WEMA is doing what First Bank coundn't do.

First Bank is now a corr.uption cesspit.

Fred2020:
What is up with FBN Holdco, please?

Full offer!

It has been gereguralized!

ACCESSCORP,UBA, Zenith Bank, GTBANK,Stanbic Bank and Fideity Bank results are going to be very good.

Here’s a summary of BUA Foods Plc’s unaudited financial results for the six months ended June 30, 2025 (H1 2025):


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📌 Key Financial Highlights

Revenue & Profitability

Revenue surged 36% year‑on‑year to ₦912.5 billion, up from ₦672.4 billion in H1 2024 .

Profit Before Tax (PBT) doubled (+101%), reaching ₦276.1 billion compared to ₦137.2 billion a year earlier .

Profit After Tax (PAT) jumped 98%, rising from ₦130.9 billion to ₦260.07 billion .


Earnings Per Share (EPS)

EPS nearly doubled, increasing from ₦7.27 to ₦14.45 .


Operating Performance

Finance cost declined 12.3% to ₦9.13 billion, while major distributions expenses rose sharply, raising total operating costs by 93% year-on-year .



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Segment & Balance Sheet Highlights

From the detailed breakdown reported by BrandCommunicator and Premium Times:

Gross Profit grew 55% to ₦339.3 billion, with gross margin improving to 37.2% (from 32.4%) .

Operating Profit stood at ₦284.8 billion, up 41% year-on-year .

Total Assets rose to ₦1.33 trillion (+21.7%); Total Liabilities declined to ₦644.1 billion (–3.4%).

Equity increased 60.6% to ₦689.1 billion, while Retained Earnings jumped by 62% to ₦681.1 billion .


Product Segment Performance

Flour Revenue: ₦378.2 billion (+66%)

Sugar Revenue: ₦398.1 billion (+8%)

Pasta Revenue: ₦96.9 billion (+31%)

Rice Revenue: ₦39.3 billion, a staggering 2,923% increase year‑on‑year (from ₦1.3 billion in H1 2024) .



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Management Commentary & Forward Outlook

BUA Foods’ Managing Director, Engr. Ayodele Abioye, highlighted the resilience of the company’s diversified model and operational efficiency amidst macroeconomic challenges, emphasizing continued investments in back‑integration, innovation, and supply‑chain expansion. Management remains optimistic about sustaining growth through greater affordability and contribution to Nigeria’s food security .


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📊 Summary Table

Metric H1 2024 H1 2025 YoY Change

Revenue ₦672.4 billion ₦912.5 billion +36%
PBT ₦137.2 billion ₦276.1 billion +101%
PAT ₦130.9 billion ₦260.1 billion +98%
EPS ₦7.27 ₦14.45 +99%
Gross Profit – ₦339.3 billion +55%
Gross Margin ~32.4% ~37.2% +480 bps
Assets – ₦1.33 trillion +21.7%
Liabilities – ₦644.1 billion –3.4%
Equity – ₦689.1 billion +60.6%
Retained Earnings – ₦681.1 billion +62%



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✅ Takeaway Summary

BUA Foods Plc delivered impressive half‑year growth in H1 2025, driven by a diversified portfolio and strong execution across flour, sugar, pasta, and rice segments. Its financial position has strengthened significantly with robust margins, rising equity, and sound capital structure. With EPS nearly doubled and management confident in its growth strategy, the company is well positioned for continued momentum in the second half of 2025.

Here are the confirmed H1 2025 financial results for MTN Nigeria Communications Plc, based on the official earnings release and media reports:


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🧾 H1 2025 Highlights (Six Months Ended 30 June 2025)

🔹 Key Financials

Service revenue rose 54.6% YoY to ₦2.38 trillion from ₦1.54 trillion

EBITDA jumped 119.5% YoY to ₦1.2 trillion, boosting the EBITDA margin by ~15 percentage points to **50.6%**

Operating profit surged to ₦892.8 billion, a 193% increase year-on-year


🔹 Profitability Turnaround

Profit after tax ended at ₦414.9 billion, reversing a ₦519.1 billion loss in H1 2024

Basic & diluted EPS reached ₦19.78 per share, versus a ₦24.71 loss in H1 2024


🔹 Operational & Commercial Metrics

Subscribers: total mobile base expanded by 6.7% to 84.7 million; active data users grew 11.8% to 51.0 million

Capital expenditure (capex, excluding leases) soared 288% to ₦565.7 billion, focusing on network expansion and quality enhancements

Free cash flow (FCF) stood at ₦409.8 billion, up 18% from prior year, significantly supported by improved operating cash generation


🔹 Balance‑Sheet Progress & Guidance

Retained earnings improved to –₦192.9 billion (end‑June), from –₦607.5 billion at end‑2024; shareholders’ equity swung to –₦42.5 billion (from –₦458.0 billion), nearing break-even by Q3

Net debt-to-EBITDA was low at 0.3×, with interest cover of 12.8×, showcasing strong debt serviceability

New guidance issued: FY 2025 service revenue growth and EBITDA margin both expected in the ‘at least low‑50%’ range; for FY 2026, service revenue growth at least low‑20%, with EBITDA margin projected at **53–55%**



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✅ Key Takeaways

A remarkable financial turnaround: from massive losses to strong profitability in just one year.

Strong demand and pricing delivered top-line growth, while severe reduction in FX losses (from ₦887.7 billion to ₦5.2 billion) played a critical role .

Massive capex push supports network quality and expansion—especially 4G+ rollout across major cities .

Re-engagement with positive equity and narrowing retained losses points to balance‑sheet recovery by Q3 if momentum holds.

Strong free cash flow and healthy debt metrics underpin financial flexibility for future investments.



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📌 Summary Table

Metric H1 2025 Change vs H1 2024

Service Revenue ₦2.38 trillion +54.6%
EBITDA ₦1.20 trillion +119.5%
EBITDA Margin 50.6% +15 pp
Operating Profit ₦892.8 billion +193%
Profit after Tax (PAT) ₦414.9 billion From –₦519.1 bn to profit
EPS ₦19.78 per share From –₦24.71/share
Capex (ex‑leases) ₦565.7 billion +288%
Free Cash Flow ₦409.8 billion +18%
Shareholders’ Equity –₦42.5 billion Improved from –₦458 bn

Melcapital:
Good!

An opinion: Why not just share the name of the AI tool/app that you use rather than pasting the entire output information? When these responses are pasted on other platforms, they lose the reading appeal and appear like boring epistles riddled with figures and funny characters.

Chat GPT is the AI app

Here’s the unaudited H1 2025 result for Tantalizers PLC (Nigeria), covering the six‑month period ended June 30, 2025:


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📌 H1 2025 Financial Highlights

System Revenue: ₦1.40 billion

Loss Before Tax (PBT): ₦25.90 million



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🧾 First Half Breakdown: Q1 vs Q2

Period Revenue (₦M) Profit (Loss) (₦M)

Q1 2025 (ended Mar 31) 314.70 Net Loss ₦20.05 (after tax)
Q2 2025 (ended Jun 30) included in system revenue above Loss Before Tax ₦25.90


Q1’s net sales were ₦314.7 m with a net loss of ₦20.05 m.

Q2 contributed significantly to the system revenue total, but profitability did not improve—operating in the red with PBT ₦25.90 m.



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🎯 Strategic & Capital Developments

The company plans a hybrid capital raise up to ₦2.5 billion, aimed at doubling issued share capital from ₦2.5 billion to ₦5 billion .

Leadership is pursuing a diversified growth strategy across:

Blue Economy: Acquisition of 10 deep‑sea trawlers under the Tantalizers Fisheries Limited venture, aimed at seafood exports and cold‑chain operations .

Media & Entertainment: Purchase of Grand Media Projects Limited to strengthen presence in Nollywood and content production .




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✅ Key Takeaways

H1 revenue of ₦1.40 billion marks strong top-line growth, largely fueled by Q2 performance.

The company remains unprofitable, with PBT losses totaling ₦25.90 m in Q2 and net loss ₦20.05 m in Q1.

Strategic repositioning is underway via capital raising and expansion into fisheries and entertainment—moving toward a multi‑sector “foodtainment” conglomerate.



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🔍 For Investors & Observers – What to Watch

1. Q3 2025 earnings: Essential to see whether diversification into fisheries and media begins to impact margins favorably.


2. Execution on capital raise plans: Will funding come from rights issue, placement, and how will it be used?


3. Operational traction of new segments: Early performance indicators from fisheries and media ventures will be critical to track.

zendi:
Ellah Lake will have the last laugh over it's skeptics, led by Edueco alias Ellah Lekos, and Street, alias Ellah Kpakus.

Lekos is a future company. Its success story may start manifesting from 7 to 10 years time

Bigdeal01:
Ellah Lake result is still missing. Companies in similar industry have all released their reports.

We know why. You know why too.
Hopeville culture sustaining that stock.

Ellah lekos is still a baby company.

Banks are the best when you compared their EPS to those
of most non-banking companies.

Here’s the latest Half‑Year (H1) 2025 financial summary for Caverton Offshore Support Group Plc, covering the six‑month period ended June 30, 2025:


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📈 H1 2025 Financial Highlights (January–June 2025)

Based on the unaudited financial statements:
Revenue: ₦16.126 billion (versus ₦18.796 billion in H1 2024)
Operating profit: ₦9.013 billion (compared to ₦2.859 billion in prior H1)
Net foreign exchange gain: ₦6.916 billion, up from ₦3.167 billion in H1 2024
Other operating income: ₦613.3 million (up from ₦24.6 million)
Profit before tax: ₦2.114 billion (from a ₦3.703 billion loss)
Profit after tax: ₦2.082 billion (versus ₦3.703 billion loss)
Basic EPS: ₦0.62/share (versus a loss of ₦0.54/share)


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🏛️ Balance Sheet & Cash Flow Summary

Cash & bank balances grew to ₦1.662 billion, up from ₦0.448 billion at end‑2024

Total assets stood at ~₦77.3 billion, a slight increase over Dec 2024

Equity remained negative at approximately ₦52.5 billion, but improved from ₦54.6 billion deficit at start‑2025


Operational cash flow turned sharply positive, benefiting from forex gains and reduced liabilities. Operating activities generated around ₦10.12 billion in cash, offset by investing and financing outflows, resulting in a net cash increase of ₦1.214 billion in H1.


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🔍 Key Insights

Profit turnaround: Caverton shifted from deep losses in 2024 to solid profitability in H1 2025.

Forex tailwinds: A significant net foreign exchange gain was a major contributor to profitability.

Better margins: With operating expenses well controlled, margins improved dramatically.

Liquidity improvement: Cash balances climbed nearly fourfold, improving flexibility despite persistent negative equity.

Balance sheet still under pressure: Retained losses continue to outweigh reserves, keeping equity negative.



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📊 Quick Comparison: H1 2025 vs H1 2024

Metric H1 2025 H1 2024

Revenue ₦16.126 billion ₦18.796 billion
Operating profit ₦9.013 billion ₦2.859 billion
Net FX gain ₦6.916 billion ₦3.167 billion
Profit before tax ₦2.114 billion ₦(3.703 billion)
Profit after tax ₦2.082 billion ₦(3.703 billion)
EPS (basic) ₦0.62/share ₦(0.54)/share



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🧭 Final Thoughts

Caverton’s H1 2025 sets a strong foundation after a challenging 2024 — driven by operational efficiencies, significant forex gains, and improved margins. While profitability and liquidity trends are improving, the balance sheet remains under strain due to negative equity.

Would you like a breakdown of segment performance (e.g. helicopter charter vs maintenance, marine operations), detailed cash‑flow analysis, peer comparisons, or outlook guidance next?

Here are the key figures and insights from First HoldCo Plc’s Q2 2025 (period ended June 30, 2025) financial results, as reported by Investors King today:


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📊 First HoldCo Plc Q2 2025 Highlights

Profit for the period (PAT): ₦118.7 billion, down from ₦157.2 billion in Q2 2024

Interest Income: ₦812.1 billion, up 61.9% from ₦501.5 billion in Q2 2024

Net Interest Income (NII): ₦539.6 billion on improved lending and investments; after impairment (₦148.1 billion), net NII was ₦391.5 billion

Fee & Commission Income: ₦90.9 billion, with net fee income at ₦74.6 billion

Dividend Income: ₦10.0 billion, from rising investment returns

Operating Profit: ₦169.3 billion, slightly below ₦177.8 billion a year ago due to higher costs

Profit Before Tax (PBT): ₦169.7 billion, down from ₦177.8 billion

Tax Expense: ₦53.3 billion

Discontinued operations contributed an additional ₦2.3 billion into total PAT

Earnings Per Share (EPS): ₦6.84, down from ₦10.05 in Q2 2024

Here’s a detailed summary of FCMB Group Plc’s H1 2025 (6-month period ended 30 June 2025) unaudited financial results:


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🏦 FCMB Group Plc – H1 2025 Financial Highlights (Jan 1 – Jun 30, 2025)

📌 Overview:

Gross earnings jumped to ₦529.2 billion, up approximately 41% from ₦374.5 billion in H1 2024 .

Profit after tax (PAT) rose to ₦73.4 billion, a 23.4% increase versus ₦59.5 billion in H1 2024 .

Profit before tax (PBT) stood at ₦79.1 billion, up 23% YoY from ₦64.2 billion .



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📈 Revenue Breakdown:

Interest and discount income surged to ₦458.4 billion, a 70.3% increase from ₦269.2 billion in H1 2024 .

Net interest income grew 95.3%, reaching ₦207.4 billion (from ₦106.2 billion) .

Interest expenses climbed 54.1% to ₦251.0 billion, reflecting higher cost of funds .

Net fee & commission income rose 51.3% to ₦37.9 billion, with total fee income up ~31% to ₦47.4 billion and fee expenses down ~15% to ₦9.5 billion .

Trading income declined by 29.3% to ₦22.2 billion, while other gains fell significantly from ₦37.1 billion to ₦696 million, mainly due to lower FX revaluation and asset disposal gains .



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🧾 Balance Sheet & Capital:

Total assets expanded to ₦7.54 trillion by June 30, 2025 .

Customer deposits rose almost 40% YoY to ₦4.54 trillion .

Shareholders' equity grew to ₦746.6 billion, up 24.3% from the prior year .

Loans & advances stood at ₦2.38 trillion, supporting income growth .

Cash and cash equivalents totalled ₦1.53 trillion at June 30, increasing sharply from ₦795.4 billion at year-end 2024 .



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📉 Per-Share Metrics & Capital Adequacy:

Earnings per share (EPS) declined to ₦3.70 basic and diluted, down from ₦6.00 in H1 2024—driven by capital and share count adjustments .

Capital adequacy ratio (FCC) improved to 16.2% at end-2024 from 14.7%, bolstered by FCMB’s ₦147.5 billion public offer in Q4 2024 .



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🚀 Key Takeaways

FCMB delivered solid top‑line growth, anchored by booming interest income and expanding loan book.

The sharp rise in funding costs partly offset interest income gains, but strong cost control helped maintain healthy margins.

Growth in non‑interest income (fees & commissions) added diversification.

Trading and other gains softened, pointing to volatility in market-sensitive revenues.

Robust deposit inflows and an expanding asset base improved liquidity and capital buffers, though EPS declined due to capital restructuring.



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📊 Summary Table

Metric H1 2025 YoY Change

Gross earnings ₦529.2 billion +41%
Profit before tax (PBT) ₦79.1 billion +23%
Profit after tax (PAT) ₦73.4 billion +23.4%
Net interest income ₦207.4 billion +95.3%
Fee & commission income ₦47.4 billion +30.9%
Trading income ₦22.2 billion –29.3%
Loans & advances ₦2.38 trillion –
Customer deposits ₦4.54 trillion +39.9%
Total assets ₦7.54 trillion –
Shareholders’ equity ₦746.6 billion +24.3%
EPS (basic/diluted) ₦3.70 ↓ from ₦6.00
Capital adequacy (FCC) ~16.2% (end‑2024) ↑ from ~14.7%

Agbalowomeri:
It doesn't seem to add up with the 35B outstanding shares

I didn't check it.

feelamong:
is that not annualised?


Also check the impact of the new shares from the May 2025 capital raising exercise

I didn't check it.

Care4:
My advise to anyone here is this: don't use any of this NYSE/USD focused apps for NGX.
For seamless NGX experience, we have enough brokers. Open an account with them you'd be better off.

This is nothing but the bitter truth.

Mpeace:
No dey look that side. What interest me the most in the result is that Ote$ now owns 31% stake in FIrst bank as against 20% of last year.
If you add the 25% that is on the way to him, he would be owning like 56%. When you now add the one that will come by way of private placement, then we start our journey.

I think the Barbican units of share is not for him; but he is still the highest individual shareholders through direct and indirect holdings.

Streetinvestor2:
I have not checked the result.Did u look at forex gain in the both results first

I didn't check for forex gain.

WEMA Bank's EPS is around ₦8 for H1 2025.

When I told you the gereguralization of First Bank has started you thought I was joking?

Earning per share dropped from ₦10.__ in H1 2024 to ₦6.__ in H1 2025

Ichimoku cloud is trending up for FCMB!