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>Seplat Energy Plc (NGX: SEPLAT; TP: N8,185.26) posted a 45.1% YoY decline in profit after tax (PAT) to $27.4 million in its unaudited H1’25 financials.</li><li>The earnings drop was driven primarily by a sharp rise in net finance costs and tax expenses during the period.</li><li>Despite the weaker bottom line, revenue rose by 231.5% YoY to $1.4 billion, bolstered by the consolidation of Seplat Energy Production Nigeria Unlimited (SEPNU), which significantly lifted working interest (WI) production volumes. </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>

Seplat Energy Plc (NGX: SEPLAT; TP: N8,185.26) posted a 45.1% YoY decline in profit after tax (PAT) to $27.4 million in its unaudited H1’25 financials.The earnings drop was driven primarily by a sharp rise in net finance costs and tax expenses during the period.Despite the weaker bottom line, revenue rose by 231.5% YoY to $1.4 billion, bolstered by the consolidation of Seplat Energy Production Nigeria Unlimited (SEPNU), which significantly lifted working interest (WI) production volumes. 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.

Seplat Energy Plc -H125 Earnings Soften on Elevated Tax Expense

SEPLAT Energy

Seplat Energy Plc -H125 Earnings Soften on Elevated Tax Expense