The much-anticipated Q3 2025 earnings season is finally here — and it’s already shaping up to be an exciting one. While only a few companies on the Nigerian Exchange (NGX) have released their results so far, the numbers are promising. As October winds down and the filing deadline approaches, investors can expect a flood of fresh reports in the coming days.
So far, the early results point to strong performances in the Consumer Goods and Industrial Goods sectors, signalling resilience despite a challenging macroeconomic backdrop. Here’s a quick rundown of some notable Q3 results released so far:
Presco Plc – Strong Growth, Robust Profitability
Presco Plc continues its impressive run, posting revenue of ₦274.5 billion, up 113.5% from ₦128.6 billion in the same period last year.
Profit after tax surged 114% to ₦110.8 billion, while earnings per share (EPS) stood at ₦110.79.
At a share price of ₦1,480, Presco trades at a P/E ratio of 13.36x with an earnings yield of 7.49%.
The company also declared an interim dividend of ₦10 per share, with qualification and payment dates set for November 7 and November 21, respectively.
Okomu Oil Palm Company Plc – Another Stellar Outing
Okomu Oil delivered a solid result with revenue of ₦173.95 billion, representing a 67.3% increase year-on-year.
Profit after tax rose 112.9% to ₦60.33 billion, while EPS stood at ₦63.25.
At ₦1,020 per share, Okomu trades at a P/E ratio of 16.13x and earnings yield of 6.20%.
The company also announced an interim dividend of ₦10, with payment scheduled for November 14, 2025.
Nigerian Breweries Plc – Remarkable Turnaround
Nigerian Breweries staged a dramatic recovery, swinging from losses in 2024 to a profit of ₦85.51 billion in Q3 2025.
Revenue grew 47.2% to ₦1.05 trillion, while EPS turned positive to ₦2.76, compared to -₦4.83 a year earlier.
At a share price of ₦74.5, the brewer trades at a P/E ratio of 26.99x with an earnings yield of 3.70% — marking one of the sector’s strongest rebounds this season.
Lafarge Africa Plc (WAPCO) – Cementing Strong Performance
Lafarge Africa impressed investors with revenue of ₦780.5 billion, up 62.8%, and profit after tax soaring 245.9% to ₦207.8 billion.
EPS climbed to ₦12.90, from ₦3.73 the prior year.
At ₦145 per share, the stock trades at a P/E ratio of 11.24x and earnings yield of 8.90%.
Geregu Power Plc – Moderate Growth, Steady Earnings
Geregu Power maintained modest growth with revenue of ₦131.5 billion, up 16.8%, and profit after tax increasing 3.8% to ₦25.1 billion.
EPS rose to ₦10.04. At ₦1,145.50 per share, Geregu trades at a P/E ratio of 113.7x and earnings yield of 0.88% — suggesting a premium valuation in the utilities space.
Transcorp Power Plc – Strong Operational Gains
Transcorp Power continued its upward trajectory, reporting revenue of ₦308.5 billion, up 38%, and profit after tax of ₦68.4 billion, up 17.1% year-on-year.
EPS came in at ₦9.12, while the share price of ₦342 implies a P/E ratio of 37.49x and earnings yield of 2.67%.
Stanbic IBTC Holdings Plc – Financial Sector Strength
Stanbic IBTC posted impressive results, with gross earnings of ₦815.26 billion, up 25.1%, and profit after tax growing 52.3% to ₦278.48 billion.
EPS stood at ₦17.31, with a P/E ratio of 6.19x and earnings yield of 16.14%, reflecting strong performance in Nigeria’s banking sector.
NEM Insurance Plc – Sustained Momentum
NEM Insurance delivered a robust Q3 report, recording gross earnings of ₦123.52 billion, up 67.5%, and profit after tax of ₦20.51 billion, a 51.3% increase year-on-year.
EPS stood at ₦4.09, with a P/E ratio of 7.34x and earnings yield of 13.63%.
Cornerstone Insurance Plc – Soft Patch for the Period
Cornerstone Insurance reported a 22.5% decline in gross earnings to ₦43.08 billion, while profit after tax dropped 66.9% to ₦8.10 billion.
EPS stood at 45 kobo, with a P/E ratio of 13.97x and earnings yield of 7.16%.
Africa Prudential Plc – Gradual, Steady Growth
Africa Prudential Plc posted revenue of ₦965.34 billion, up 27.3%, and profit after tax of ₦2.05 billion, representing a 53.5% year-on-year increase.
EPS rose to 51 kobo, with a P/E ratio of 27.45x and earnings yield of 3.64%.
Outlook: More Results to Come
With more listed companies expected to release their Q3 numbers in the coming days, investors are keeping a close eye on performance trends. So far, the results reflect a mix of resilience, strategic recovery, and cautious optimism across key sectors.
As the earnings season unfolds, one thing is clear — despite economic headwinds, Nigeria’s corporate sector continues to adapt and find growth opportunities in a volatile environment.
