₦airaland Forum

Its deferred tax liability. It took up to 75% of their profit! I think acquistion of ND Western has something to do with this. Good news is that if they could relicate this in Q3, it will be fantastic.


The revenue of ₦2.49 trillion is phenomenal and Cash position of ₦468bn means solidity.

Streetinvestor2:
But at the end PAT and eps was nothing spectacular to me
The whole money still disappeared along the line before it got down to PAT with that kind revenue generated

This is blockbuster and surpassed my expectations!

I didn't expect gas revenue to grow over 11-fold.

That is extraordinary. Gas now account for up 22% of profit. That is fantastic. Just imagine what the PAT would have been if not for the humongous deferred tax liability. Up to 75% of the PBT is wild

KarlTom:
ARADEL H1 '26

https://doclib.ngxgroup.com/Financial_NewsDocs/47738_ARADEL_HOLDINGS_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_JULY_2026.pdf

~ 75% ETR

And you are right!

Q2 result is actually better.

However, I noticed something curious, the operating profit exploded, yet Profit After Tax actually declined slightly. That is almost entirely because finance costs remained very high and the tax credit in Q2 was much smaller than in Q1. Finance cost of ₦167.6bn, Finance income of ₦6.3bn= Net -₦161bn. This is still the largest drag. If Oando were carrying less debt, earnings would look substantially stronger.

chimex38:
When i saw that also , I weak..
Though na low margin business.

But but.......



Q2 should be much better with the Brent price effect

Irrespective of results, though, the market remains poor. August may just go the way of June.

The biggest deterioration is actually here: Gross margin(2025) 65.8 / 932.6 ≈ 7.1%, (2026) 30.4 / 989.5 ≈ 3.1%

They lost more than half their gross margin.

KarlTom:
OandO Q1 '26

https://doclib.ngxgroup.com/Financial_NewsDocs/47731_OANDO_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_JULY_2026.pdf

Clap for Admin Expenses

Lol. Investors punishing TIP despite another amazing Q2 result. Weird

Aradel dividend received

I was a Geregu investor and was VERY HAPPY with Ote$. The unhappy ones are those that didnt know when to get off the bus. I exited with 240% capital appreciation. My pal exited at 600% appreciation. God bless Ote$

mikeapollo:
Ote$ that some Geregu investors are not happy with, is now the sought-after ''angel'' because of FBNH.
Interesting

I hope FTSE Russell gives a positive verdict next mont, freeing more FPI into the NGX. June was depressing. I hope it doesnt happen again in August.

Raider76:
It is looking like August may repeat the bears of June.

NGX is a strange space.

UACN produced outstanding results but the market responded negatively with the stock price dropping.

Lol. It will never get to this level. It was 5 Naira before they acquired AGIP Nigeria assets. Those days are long gone. Its a mega oil firm now. Just not well managed in my opinion.

megawealth01:
I'm beginning to think so too

Truth be said if OANDO goes back to 2 naira I will be in serious losses even with all the redistribution

Funny that I keep seeing these claims. Perhaps, the President has zero to do with Oando? From the grapevines, it is actually another prominent politician that was alleged to have links to the oil firm, but my mouth will remain sealed.

mikeapollo:
Hi uncle told you people:
E lo f'okan ba le

The market instantly reacted to the result. Its now trading at 390

SmartInsure:
HBM Nigeria Just Dropped One of the Strongest Earnings Reports on the NGX — Here's What Investors Are Missing

https://naijaticker.com/news/naijaticker/hbm-nigeria-just-dropped-one-of-the-strongest-earnings-reports-on-the-ngx-here-s-what-investors-are-missing

MECURE heading to sub-50 Naira- my targeted entry point

Unlike Ote$, it seems the chairman no send how the stock performs on the NGX. I am not surprised at the slump as the stock hardly appreciate even when it was very profitable, talkless of when profit declined in the latest Q2 results.

SonofElElyonRet:
And when it first listed I had dreams of it being my retirement stock and hoping it'll reach N1,000 like geregu. Sold a while back at 280 or thereabout at slight loss. Just got tired of the stagnancy

5 million units of TransPower on offer at N197 in trnches of 99,999 units. So glad I bailed at the right time. TransPower is headed for N150

Hmmmmm

I will be surprised if Aradel doesnt crash today. It has been trading good volumes at lower prices for a week now.

They are no longer punctual in releasing results since they acquired ND Western. Perhaps the scale of the new acquisition has introduced complexity into their financial accounting.

Raider76:
When will Aradel release H1 results sef? They have neither announced AGM date nor a delay of release date.

Maybe they will just proceed with a private placement. I honestly dont see how an IPO will proceed at this rate. Too bad for small change investors like us,

Agbalowomeri:
DangRef completed private placement of $2.5B yesterday. Oversubscribed by a factor of 3.7. Abi dem go shelve IPO?😂

Your justification of ilegallity is nauseating. This is the same mindset tha tput Nigeria where it is today.

Ddll:
I know this is a faceless forum but abeg don’t insult me. Let’s all be guided accordingly

You are not supporting any govt, you are just fond of reposting tRUMP on here.

megawealth01:
Wetin concern me and alex sef

When I see wetin govt do well I talk, when I see wetin no well I talk. I no support any politician any where not even in the US

They are just acting like Alex Otti.

megawealth01:
You dey mind agba. Una go defend jagaban tire

I really like stockbubbles. Kudos!

toyeoye:
FIRSTHOLDCO was limit up minutes ago. It's now trading +1.82% after giving back part of its early gains.

Markets move fast. Stay updated with Stockbubbles

Someone should sell Cadbury na and let the price move.

Exactly. If well implemented, the farmers will eventually make more money.

lawani:
Produce boards are simple to operate. Farmers union will also be on the board. You submit your produce to government and they record and issue receipt then they go and fight for a good price in the international market with an understanding on the sharing formula. What is difficult there?

They dont need to have Cocoa. The Shell of this world didnt have crude oil fields in Netherlands or the UK, yet they use their financial and diplomacy strength to run things in our countries, including allegedly colluding to change governments.

mikeapollo:
The Oyinbo chocolate industry (Europe basically) do not have Cocoa, so they can only negotiate and lobby.
The most important stakeholders Ivory Coast, Ghana and Nigeria need to cooperate to achieve the stated goals.

FTN Cocoa on full bid. I think it is riding the waves of current news of the Abuja declaration on cocoa processing. I hope West African leaders can stay the course because Oyinbo chocolate industry will fight dirty o. Unfortunately, we lack the national solidarity. Some Nigerians would support foreign interests against their country based on bias.

Ote$ should please buy a major stake in Aradel. I want to check something

megawealth01:
Ote$ na my man

FirstHoldCo on full bid. Now officially crossed 100 Naira. Almost 6 billion naira worth of deals done within 10 minutes of market opening.

Man like Ote$

There are no insults. Just the fact. You shared the news to deride the govt and promote the falsehod that the captives were released and not rescued or released under pressure from the govt. Even if the govt is as bad as you paint it, a broken clock is at least right twice a day.

Perpetual antagonism and viewing your country with disdain is infantile.

Streetinvestor2:
You only made noise without critical reasoning or answered my questions.
On trying that side of insult. You are a learner if I decide to go that way with your in future.. .go and verify

What 'you are missing' is your inability to comprehend the ability of the DSS and inability to give credit to this government because you dont like the people in power.

Streetinvestor2:
You are very smart. And why haven't the security agents been using it to solve all this kidnapping happening all over the country to both large number of people and individuals.Infact we have some of then openly on social media From the narrative in the link I shared The teacher said the people said they are ISWAP .So the government knows the family members of this group and whr they live in nigeria .What am I missing here