Nigeria’s leading companies capitalised on easing inflation and a firmer naira, delivering strong H1 2025 earnings.
Consequently, combined after-tax profits across major sectors rose 70.5% compared with the same period last year.
Moreover, improving business activity, a stable naira, and 4.23% GDP growth boosted corporate profits.
Overall, listed companies generated ₦4.51 trillion in H1 2025, up from ₦2.64 trillion in H1 2024.
Oil And Gas Gains
Rising global crude prices pushed petrol costs up, helping Oando, Seplat, and Aradel increase profits.
As a result, NGX oil and gas companies earned ₦251 billion in H1 2025, up from ₦234 billion.
Additionally, strong demand and favourable market conditions grew revenue to ₦4.24 trillion.
Banking And Financial Performance
Nine major banks earned a combined ₦2.37 trillion, slightly down from ₦2.80 trillion in H1 2024.
Specifically, GTCO halved its profit from ₦905 billion to ₦449 billion, reflecting sector challenges.
Meanwhile, Zenith Bank earned ₦532 billion, slightly below last year’s ₦577 billion.
UBA increased profits from ₦316 billion to ₦335 billion, showing steady growth momentum.
Similarly, Stanbic IBTC raised profits from ₦116 billion to ₦173 billion, maintaining consistent performance.
Notably, Wema Bank tripled profits from ₦26 billion to ₦87 billion, while FCMB grew from ₦59 billion.
ETI maintained stability at ₦434 billion, but First Bank fell from ₦365 billion to ₦283 billion.
Furthermore, United Capital increased profits from ₦7 billion to ₦11 billion, demonstrating resilience.
Consumer Goods And Industry Growth
BUA Foods, Nigerian Breweries, International Breweries, and Nestlé Nigeria rebounded with ₦440 billion profits.
This recovery marked a turnaround from a ₦236 billion combined loss in H1 2024.
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Rising palm oil prices, lower inflation, and a stable naira helped Presco and Okomu increase profits.
Consequently, combined H1 2025 profit of ₦136.2 billion exceeded their full-year 2024 profit of ₦117.7 billion.
Moreover, the firms’ earnings rose 131% from H1 2024, highlighting operational efficiency.
Dangote, BUA, and Lafarge Africa tripled net income to ₦834.01 billion in H1 2025.
High demand from roads and real estate projects drove this record half-year performance.
Additionally, price adjustments lifted profits by more than 200% in just six months.
The power sector earned ₦65 billion in H1 2025, up from ₦56 billion in H1 2024.
Geregu and Transcorp Power improved operations, driving higher sector profits this period.
MTN Nigeria turned a ₦519.1 billion loss into ₦414.9 billion net income in H1 2025.
Additionally, turnover rose 54% year-on-year to ₦2.38 trillion, led by data, voice, and services.
In conclusion, Nigeria’s leading companies benefit from stabilising conditions, demonstrate resilience, and promise robust future earnings.
