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>Aradel Holdings Plc (ARADEL) began the year with solid results, reporting a 33.5% YoY increase in PAT for Q1'25.</li><li>This performance was supported by a 69.8% YoY rise in revenue to $131.4 million, reflecting stronger oil production levels, improved utilisation of the Trans Niger Pipeline (TNP), minimal crude losses, and additional value from the Alternative Crude Evacuation (ACE) system.</li><li>This production growth offset the impact of a weaker average realised oil price (-8.5% YoY to $77.90/bbl).</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>

Aradel Holdings Plc (ARADEL) began the year with solid results, reporting a 33.5% YoY increase in PAT for Q1'25.This performance was supported by a 69.8% YoY rise in revenue to $131.4 million, reflecting stronger oil production levels, improved utilisation of the Trans Niger Pipeline (TNP), minimal crude losses, and additional value from the Alternative Crude Evacuation (ACE) system.This production growth offset the impact of a weaker average realised oil price (-8.5% YoY to $77.90/bbl).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.

Aradel Holdings Plc - Steady Progress Amid Exogenous Headwinds