Corporate financial reports, simply explained.
Revenue up 118%, profit after tax up 146%, a ₦1.30 dividend. We read the filing of the company that runs Nigeria's stock exchange: trading fees, tax and the CSCS stake.
| Revenue | ₦17.60bn |
| Profit after tax | ₦10.36bn |
| Tax charge | ₦4.40bn |
Revenue up 12%, pre-tax profit up 43%, and a tax rate near 49%. We read Nestlé Nigeria's full filing — the currency gain, the marketing spend, and ₦575m left in the bank.
| Revenue | ₦650.8bn |
| Profit after tax | ₦64.8bn |
| Cash and deposits | ₦5.6bn |
From a ₦24.3bn loss to a ₦41.5bn profit, on revenue that fell 8.9%. We read Dangote Sugar's full filing — the raw sugar, the debt swap, and the equity that rests on a revaluation.
| Profit after tax | ₦41.5bn |
| Revenue | ₦391.9bn |
| Short-term gap | ₦462.8bn |
Profit before tax up 99%, earnings per share up 14%, and a bad-loan charge that more than doubled. We read FCMB's full filing — the new shares, the cheaper funding, the cost of risk.
| Gross earnings | ₦676.2bn |
| Earnings per share | ₦4.23 |
| Impairment charge | ₦85.9bn |
Revenue up 26%, profit up 80%, and a dividend larger than the profit itself. We read BUA Cement's full filing — the payout, the new borrowing, and the margin nobody expected.
| Revenue | ₦728.9bn |
| Dividend Paid | ₦338.6bn |
| Net debt | ₦359.6bn |
Dangote Cement's H1 2026 pre-tax profit rose 34.4% to ₦981.4bn, but a 63.6% jump in tax held net profit growth to 22.7%. Borrowings nearly halved to ₦581.0bn.
| Profit after tax | 638.5bn (+22.7%) |
| Net Cash | ₦215.2bn (from ₦682.9bn net debt) |
| Tax Rate | 34.9% (from 28.7%) |
