The third-quarter 2025 earnings season has officially commenced, marking an important period for listed companies on the Nigerian Exchange (NGX). While only a few results have been published so far, early indicators suggest a positive trend, particularly across the Consumer Goods and Industrial Goods sectors.
As more companies prepare to release their performance reports before the filing deadline, market participants are closely observing the results to gauge business resilience amid ongoing economic headwinds.
Below is a summary of selected Q3 2025 financial highlights released to date:
Presco Plc
Presco Plc delivered an outstanding performance for the nine-month period ended 30 September 2025, reflecting strong operational and financial growth.
- Revenue: ₦274.50 billion, up 113.51% from ₦128.57 billion in the same period of 2024.
- Profit After Tax (PAT): ₦110.79 billion, representing a 114% increase year-on-year.
- Earnings Per Share (EPS): ₦110.79.
- Valuation: At ₦1,480 per share, Presco’s P/E ratio stands at 13.36x with an earnings yield of 7.49%.
The company also declared an interim dividend of ₦10 per share, with qualification on 7 November 2025 and payment on 21 November 2025.
Okomu Oil Palm Company Plc
Okomu Oil maintained its upward trajectory with substantial growth in both revenue and profitability.
- Revenue: ₦173.95 billion, up 67.34% year-on-year.
- Profit After Tax: ₦60.33 billion, up 112.90%.
- EPS: ₦63.25.
- Valuation: ₦1,020 per share; P/E ratio: 16.13x, earnings yield: 6.20%.
An interim dividend of ₦10 per share has been proposed, payable on 14 November 2025.
Nigerian Breweries Plc
Nigerian Breweries recorded a remarkable turnaround from prior-year losses, reflecting improved cost efficiency and revenue growth.
- Revenue: ₦1.05 trillion, up 47.20% year-on-year.
- Profit After Tax: ₦85.51 billion, up 157%, compared to a loss in 2024.
- EPS: ₦2.76 (from -₦4.83 in 2024).
- Valuation: ₦74.50 per share; P/E ratio: 26.99x, earnings yield: 3.70%.
Lafarge Africa Plc (WAPCO)
Lafarge Africa posted significant gains in Q3 2025, supported by strong cement demand and improved cost management.
- Revenue: ₦780.5 billion, up 62.77%.
- Profit After Tax: ₦207.8 billion, up 245.86%.
- EPS: ₦12.90 (from ₦3.73 in 2024).
- Valuation: ₦145 per share; P/E ratio: 11.24x, earnings yield: 8.90%.
Geregu Power Plc
Geregu Power posted modest growth for the nine-month period.
- Revenue: ₦131.5 billion, up 16.77%.
- Profit After Tax: ₦25.1 billion, up 3.76%.
- EPS: ₦10.04.
- Valuation: ₦1,145.50 per share; P/E ratio: 113.7x, earnings yield: 0.88%.
Transcorp Power Plc
Transcorp Power continued its positive performance trend.
- Revenue: ₦308.54 billion, up 38%.
- Profit After Tax: ₦68.42 billion, up 17.12%.
- EPS: ₦9.12.
- Valuation: ₦342 per share; P/E ratio: 37.49x, earnings yield: 2.67%.
Stanbic IBTC Holdings Plc
Stanbic IBTC Holdings recorded strong financial results, reflecting growth across its core business lines.
- Gross Earnings: ₦815.26 billion, up 25.06%.
- Profit After Tax: ₦278.48 billion, up 52.28%.
- EPS: ₦17.31.
- Valuation: ₦107.2 per share; P/E ratio: 6.19x, earnings yield: 16.14%.
NEM Insurance Plc
NEM Insurance reported sustained momentum in earnings performance.
- Gross Earnings: ₦123.52 billion, up 67.47%.
- Profit After Tax: ₦20.51 billion, up 51.28%.
- EPS: ₦4.09.
- Valuation: ₦30 per share; P/E ratio: 7.34x, earnings yield: 13.63%.
Cornerstone Insurance Plc
Cornerstone Insurance experienced a decline in performance for the period under review.
- Gross Earnings: ₦43.08 billion, down 22.53%.
- Profit After Tax: ₦8.10 billion, down 66.93%.
- EPS: ₦0.45.
- Valuation: ₦6.23 per share; P/E ratio: 13.97x, earnings yield: 7.16%.
Africa Prudential Plc
Africa Prudential Plc delivered steady growth in revenue and profitability.
- Revenue: ₦965.34 billion, up 27.27%.
- Profit After Tax: ₦2.05 billion, up 53.47%.
- EPS: ₦0.51.
- Valuation: ₦14.10 per share; P/E ratio: 27.45x, earnings yield: 3.64%.
Outlook
The Q3 2025 earnings season is still unfolding, but early trends indicate a generally positive momentum across key sectors. Despite prevailing macroeconomic pressures, Nigerian corporates continue to demonstrate resilience, operational efficiency, and strategic adaptation.
As additional results are published in the coming days, investors will gain clearer insights into the health of the broader market and corporate profitability heading into the final quarter of the year.
Source: Fundvine
