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>Unilever Nigeria Plc (NGX: UNILEVER, TP: UR*) recorded a net income of N14.4 billion in its H1’25 financials, marking a 224.6% YoY increase.</li><li>This growth was as a result of the 53.5% YoY growth in revenue and cost optimization as evidenced by a moderation in cost-to-sales ratio to 57.1% (from 59.0% in H1’24).</li><li>Notably, EPS for H1’25 improved by 2.3x to N2.51 and the company has declared an interim dividend of N0.50 per share.</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>

Unilever Nigeria Plc (NGX: UNILEVER, TP: UR*) recorded a net income of N14.4 billion in its H1’25 financials, marking a 224.6% YoY increase.This growth was as a result of the 53.5% YoY growth in revenue and cost optimization as evidenced by a moderation in cost-to-sales ratio to 57.1% (from 59.0% in H1’24).Notably, EPS for H1’25 improved by 2.3x to N2.51 and the company has declared an interim dividend of N0.50 per share.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.

Unilever Nigeria Plc - Earnings Triple on Strong Core Performance