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>Airtel Africa Plc’s (AIRTELAFRI) EPS is projected to rise to 10.0 cents in FY'25/26, up from 6.0 cents in the previous year.</li><li>This anticipated growth is driven by improved FX stability and a tariff hike-led recovery in the Nigerian market after two consecutive years of earnings decline.</li><li>The East and Francophone Africa segments are expected to remain resilient, underpinned by consistent customer growth and sustained capital investment.</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>

Airtel Africa Plc’s (AIRTELAFRI) EPS is projected to rise to 10.0 cents in FY'25/26, up from 6.0 cents in the previous year.This anticipated growth is driven by improved FX stability and a tariff hike-led recovery in the Nigerian market after two consecutive years of earnings decline.The East and Francophone Africa segments are expected to remain resilient, underpinned by consistent customer growth and sustained capital investment.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.

AIRTELAFR I- Recovery in Nigeria to Support Earnings Outlook

Airtel Africa PLC

AIRTELAFR I- Recovery in Nigeria to Support Earnings Outlook