₦airaland Forum

Mpeace:
No mind loco. He left us in CILeasing. I was able to move only half of my holdings at 10% gain to buy some PZ. Now the remaining go suffer with the market tomorrow.

You'll be surprised that even if it dips, after a few days it'll come back to CP

It appears Cadbury decided to take a rest today.

otokx:
It appears Cadbury decided to take a rest today.

It actually gave people opportunity to get in. That was what NB did back then that made many to exit but we are still here

DYOR

Yes, I was thinking maybe N30-35 EPS for FY. This is N46.6 annualized. They can pay a N20 dividend. On PE it’s a N700, it’s to re-enter with the Wapco loot from today

Yoursfaithful:
E shock you...lolz

awesomeJ:
If you're an active trader here, I just wrote a nice Flask app that accurately helps with tracking your earnings, cost, portfolio snapshot etc.

I'm so excited about it.

Super light weight too.

Maybe I'll put it in a public repo for anyone who would like to use.

So do you enter the data manually like you would on an Excel sheet, or does it have an API link to a broker? Yochaa comes to mind.

megawealth01:
They mustn't take a dime to South Africa again

Hmmmn... and why? Loot from their honest investment, they shouldn't take home?

But you're hauling your own from that foreign land wey you dey down here non-stop.

Shall we refund
UBA loot from 20 African countries?
Dangote from 9 African countries?
Access Bank etc etc?

I have Glo and MTN lines, and I'm enjoying MTN more, abeg.

megawealth01:
MTN that I bought largely with the eyes of AIRTEL years back and when it went so low at bargain entry...

ARADEL abeg come extremely down to my bargain entry na beg I dey beg una

That Aradel result is very very good oh. If It falls na all my portfolio I go carry enter. Q2 eps alone is N25 just for the last 3months oh. The rest of the year should be up to N80.
Mind you Aradel has an excellent dividend payment ratio.

Mpeace:
That Aradel result is very very good oh. If It falls na all my portfolio I go carry enter. Q2 eps alone is N25 just for the last 3months oh.

That's if they are DONE with the selling

https://doclib.ngxgroup.com/Financial_NewsDocs/44740_LASACO_ASSURANCE_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/44744__UPDC_REAL_ESTATE_INVESTMENT_TRUST-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/44735_LEARN_AFRICA_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_JULY_2025.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/44385_LEARN_AFRICA_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JUNE_2025.pdf

** Learn Africa proposed 35k for the financial year
end 31st March 2025
** The preceding year bonus of 1:8 registration not yet completed by SEC
Seems they're carrying it over to the new FYE......but with last year qualification date??
** Date not yet confirmed.
** Q1 (Apr-Jun) not peak periods for books/publishing firms

zendi:
Hmmmn... and why? Loot from their honest investment, they shouldn't take home?

But you're hauling your own from that foreign land wey you dey down here non-stop.

Shall we refund
UBA loot from 20 African countries?
Dangote from 9 African countries?
Access Bank etc etc?

I have Glo and MTN lines, and I'm enjoying MTN more. abeg.

Untold story of MTN’s ‘illicit’ repatriation of billions of dollars from Nigeria

https://www.premiumtimesng.com/news/headlines/300849-untold-story-of-mtn-illicit-repatriation-of-billions-of-dollars-from-nigeria.html?tztc=1

megawealth01:
Just 4-5 days FULL BID and DS will trade very close to NS...

We are watching at how ALHAJI will play the game

Except that NS is not slowing down either

So eternal still carry losses upon all the price appreciation

megawealth01:
New 100,000bpd Private Refinery, GAIL Coming Up In Ikpokia Ogun State

https://businesshilights.com.ng/2025/07/28/new-100000bpd-private-refinery-gail-coming-up-in-ikpokia-ogun-state/

They never even start building, Alhaji go enjoy market domination while it lasts

debeey87:
The EPs calculation for CILEASIING is wrong. The profit for H1 And Q2 is more than last year, so how come the EPs reduced?

Maybe their OS increased but i can't remember them doing any debt conversion or rights offer

Agbalowomeri:
So eternal still carry losses upon all the price appreciation

ALHAJI is coming for strong DOMINANCE

Agbalowomeri:
So eternal still carry losses upon all the price appreciation

Those Downstream oil companies are suffering from the dangote effect. They can't import without dangote crashing prices. They all now buy and sell at the same price with other independent marketers.

If you're in cileasing, don't rush to sell. They performed better than caverton in terms of revenue which is one of the signs of bright future.

Take my advice at your own risk

Traditionally, ARADEL has a very good EPS in Q2.
I'm more focused on the share of profit from Renaissance&ND western that rose by ₦66bn+...

I don't expect it to fall, but we have our cutlass on standby

Mpeace:
That Aradel result is very very good oh. If It falls na all my portfolio I go carry enter. Q2 eps alone is N25 just for the last 3months oh. The rest of the year should be up to N80.
Mind you Aradel has an excellent dividend payment ratio.

Agbalowomeri:
So eternal still carry losses upon all the price appreciation

Na why dem Wan raise 50billion now..lolz

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


---

🏦 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 .



---

📈 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 .



---

🧾 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 .



---

📉 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 .



---

🚀 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.



---

📊 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%

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:


---

📊 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

💯

Mpeace:
Those Downstream oil companies are suffering from the dangote effect. They can't import without dangote crashing prices. They all now buy and sell at the same price with other independent marketers.

It is typical of Nigerian businesses - monkey see monkey do. Now, everybody thinks they can build a refinery.

ojeysky:
They never even start building, Alhaji go enjoy market domination while it lasts

KarlTom:
Traditionally, ARADEL has a very good EPS in Q2.
I'm more focused on the share of profit from Renaissance&ND western that rose by ₦66bn+...

I don't expect it to fall, but we have our cutlass on standby

"Cash is king", is it not so?

Impressive results from Caverton and Skyway Aviation and Betaglass

Caverton Price Target: 10+
Skyway Aviation Price Taget: 100+
Betaglass price Target: 500+

megawealth01:
Untold story of MTN’s ‘illicit’ repatriation of billions of dollars from Nigeria

https://www.premiumtimesng.com/news/headlines/300849-untold-story-of-mtn-illicit-repatriation-of-billions-of-dollars-from-nigeria.html?tztc=1

I could'nt open the link, but it sounds like a xenophobic hit piece.
In any case our regulators and officials should bear the blame for allowing sharp practices in such transactions.
But the repatriation of profits is time honoured liberty in foreign investment, after all they're here in the first place to make money.

And I know you were playing in your post about taking a dime to SA.

SonofElElyonRet:
I dey inside Caverton bus

Present Sir! We die here!
Very impressive result.

MANSARD back to N5

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:


---

📈 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)


---

🏛️ 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.


---

🔍 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.



---

📊 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



---

🧭 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?