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>UAC of Nigeria Plc (NGX: UACN, TP – UR) reported a 44.0% YoY decline in net profit to N3.3 billion in its unaudited Q1’25 results, primarily due to a shift from a net finance gain to a net finance loss during the period.</li><li>Revenue grew by 38.1% YoY, driven by strong performances across key business segments: Edible Feeds (+35.8% YoY), Paints (+18.6% YoY), and Packaged Food &amp; Beverages (+59.8% YoY).</li><li>This revenue outturn is largely due to volume growth in the Packaged Food &amp; Beverages segment and price adjustments across all businesses. </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>

UAC of Nigeria Plc (NGX: UACN, TP – UR) reported a 44.0% YoY decline in net profit to N3.3 billion in its unaudited Q1’25 results, primarily due to a shift from a net finance gain to a net finance loss during the period.Revenue grew by 38.1% YoY, driven by strong performances across key business segments: Edible Feeds (+35.8% YoY), Paints (+18.6% YoY), and Packaged Food &amp; Beverages (+59.8% YoY).This revenue outturn is largely due to volume growth in the Packaged Food &amp; Beverages segment and price adjustments across all businesses. 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.

UAC of Nigeria Plc - Finance Cost Weighs on Earnings