External broker reports(aggregated public sources), CardinalStone

CardinalStone

CardinalStone is an independent, multi-asset investment management firm offering an assortment of financial services to a diverse institutional, high net worth and retail clientele base. The company began operations in June 2008 and its business is conducted across six divisions – Investment Banking, Asset Management, Securities Trading, Trust Services, Registrar Services and Financing.

Headquartered in Lagos with offices in Abuja, Nigeria, the firm and its licensed subsidiaries diligently works with its clients to create bespoke solutions for their needs.

External broker reports(aggregated public sources)

CardinalStone is an independent, multi-asset investment management firm offering an assortment of financial services to a diverse institutional, high net worth and retail clientele base. The company began operations in June 2008 and its business is conducted across six divisions – Investment Banking, Asset Management, Securities Trading, Trust Services, Registrar Services and Financing. Headquartered in Lagos with offices in Abuja, Nigeria, the firm and its licensed subsidiaries diligently works with its clients to create bespoke solutions for their needs.

Equity Bottom-Up

<ul><li>In its unaudited H1’25/26 results, Airtel Africa Plc (AIRTELAFRI – TP: N3,906.75) reported a 375.9% surge in profit after tax (PAT) to $376.0 million.</li><li>This strong performance was driven by a 25.8% YoY increase in revenue and a 42.4% YoY decline in net finance costs, reflecting improved currency stability across key markets.</li><li>Additionally, the company’s ongoing strategy to localise debt and reduce foreign currency borrowings at the operating company (OpCo) level further strengthened its earnings profile. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

In its unaudited H1’25/26 results, Airtel Africa Plc (AIRTELAFRI – TP: N3,906.75) reported a 375.9% surge in profit after tax (PAT) to $376.0 million.This strong performance was driven by a 25.8% YoY increase in revenue and a 42.4% YoY decline in net finance costs, reflecting improved currency stability across key markets.Additionally, the company’s ongoing strategy to localise debt and reduce foreign currency borrowings at the operating company (OpCo) level further strengthened its earnings profile. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Airtel Africa Plc - Currency Gains and Strong Operating Performance Lift Earnings

Airtel Africa PLC

Airtel Africa Plc - Currency Gains and Strong Operating Performance Lift Earnings