9 articles tagged with “corporate earnings”
MTN Group reversed a R10.9 billion loss to report R27 billion profit after tax for 2025, while South Africa's mineral exploration expenditure fell for the seventh consecutive year, signaling continued investor concerns about the country's mining sector competitiveness.
South African corporates reported widely divergent interim results, with Sasol's earnings collapsing 95% on impairments while Bidvest and Bidcorp posted resilient growth. Spar shed R4bn in market value within a week.
South African automotive group Motus reported a 20% rise in interim profits driven by domestic sales recovery, while Nigerian and West African manufacturers intensify focus on supply chain optimization and partner networks to sustain 2026 growth momentum.
Nigeria's largest cement producer reported 20.3% revenue growth to N4.31 trillion with profit exceeding N1 trillion for 2025, while President Tinubu's executive order on oil revenue remittance signals major fiscal restructuring.
Nigeria's stock market gained N24.4 trillion in the first two months of 2026, driven by strong corporate earnings and domestic investor rotation from low-yield bonds, even as foreign portfolio participation collapsed 75% month-on-month in January.
Nestlé Nigeria Plc returned to profitability with N166.8 billion pretax profit in 2025, reversing a N221.5 billion loss from 2024, even as the broader Nigerian equities market experienced sustained sell pressure resulting in N74 billion in investor losses.
MeCure Industries reported pre-tax profit of N7.93 billion for 2025, up 140% year-on-year, while Dangote Cement signed a $1 billion deal with Sinoma International for 12 new plants across Africa, signaling robust corporate expansion despite macroeconomic headwinds.
Nigeria's economy expanded 4.07% in Q4 2025 driven by non-oil sector strength, while MTN Nigeria recorded N5.2 trillion revenue and NGX Group posted N15.6 billion profit, signaling improved macroeconomic stability.
British American Tobacco Kenya increased its dividend by 40% following cost reductions that boosted profitability, while Unga Group maintained its dividend freeze despite surging half-year profits, highlighting divergent shareholder return strategies among Nairobi Securities Exchange-listed firms.