- Consumer Goods Stocks Beat Market Expectation
Wole Olajide, ACS
The much-anticipated earnings season for Q3 2025 result is finally upon us. Last week, a handful of firms listed on the NGX shared their results, and it’s just the beginning. This week, we can expect even more companies to jump on board and publish their figures as we wrap up October and race against the deadline for quarterly filings.
So far, the performance of the Q3 earnings that have come in looks quite promising, especially in the Consumer Goods and Industrial Goods sectors. It’s exciting to see how these numbers shape up!
Let us briefly look at a few Q3 2025 results released so far:
PRESCO
Presco Plc is shining bright, boasting impressive growth. Presco achieved significant growth in its top line and bottom-line figures for the period ended 30 September 2025.
The Oil Palm processing firm reported revenue of N274.501 billion for the 9 months period, up by a whooping 113.51% from N128.568 billion revenue reported the previous year.
Profit after tax of N110.786 billion was achieved for the 9 months period, up by 114% from N51.765 billion reported the previous year.
Earnings per share of Presco Plc stands at N110.79.
At the share price of N1480, the P/E ratio of Presco Plc stands at 13.36x with earnings yield of 7.49%.
The Company declared an interim of N10 to shareholders for the 9 months period. Qualification date for the proposed interim dividend is Friday 7 November 2025. The Register of Shareholders will be closed from Monday 10 November 2025 to 14 November 2025. Payment date is on Friday 21 November 2025.
OKOMU
Okomu is also making waves. The Q3 2025 result of Okomu Oil Palm Company Plc is quite impressive as the Company significantly grew its revenue and bottom-line figures.
Revenue of N173.95 billion was reported for the 9 months period, up by 67.34% from N103.95 billion revenue reported the previous year.
Profit after tax grew year on year by 112.90% to N60.33 billion from N28.34 billion profit reported the previous year.
Earnings per share of Okomu stands at N63.25.
At the share price of N1020, the P/E ratio of Okomu stands at 16.13x with earnings yield of 6.20%.
An interim Dividend of N10 was proposed for the 9 months period. Qualification date is October 31, 2025. The Register of Shareholders will be closed from November 3, 2025, to November 7, 2025. On November 14, 2025, dividends will be paid electronically to shareholders.
NIGERIAN BREWERIES
NIGERIAN BREWERIES has turned things around dramatically, reporting revenue of N1.05 trillion, a 47.20% increase, and a profit rebound of 157%, which is quite a comeback from last year’s losses. Their earnings per share (EPS) turned positive as well, which is encouraging for shareholders.
The revenue of Nigerian Breweries hit N1.05 trillion for the 9 months period, up by 47.20% from N710.87 billion revenue reported the previous year.
Profit after tax grew year on year by 157% to N85.51 billion from loss after tax of N149.5 billion loss after tax reported in Q3 2024.
Earnings per share (EPS) of the company increased to N2.76 from the Negative EPS of -N4.83 the previous year.
At the share price of N74.5, the P.E ratio of Nigerian Breweries stands at 26.99x with earnings yield of 3.70%.
LAFARGE AFRICA (WAPCO)
Lafarge Africa, showing solid performance with a revenue increase of 62.77% to N780.5 billion and a profit surge of 245.86%. They’re really making strides this quarter.
Lafarge Africa Plc reported an impressive Q3 2025 result with significant growth in the Company’s top line and bottom line figures.
Revenue grew by 62.77% to N780.5 billion from N479.5 billion reported the previous year.
Profit after tax of N207.8 billion was reported for the 9 months period, up by 245.86% from N60.1 billion profit reported the previous year.
The company’s earnings per share grew to N12.90 from the EPS of N3.73
At the share price of N145, the P/E Ratio of Lafarge Africa stands at 11.24x with earnings yield of 8.90%.
GEREGU POWER
GEREGU POWER had a modest growth with revenue up by 16.77%. Their profit also grew slightly, which is good, but it’s not quite as impressive as some of the others we’ve seen.
Geregu Power reported revenue of N131.5 billion for the 9 months period, up by 16.77% from N112.6 billion revenue reported the previous year.
The Company’s Profit After Tax grew by 3.76% to N25.1 billion from the previous of N24.2 billion reported the previous year.
The earnings per share (EPS) of the Geregu Power stands at N10.04, up by 3.76% from the EPS of N9.68 achieved the previous year.
At a stock price of N1145.50, the P/E ratio of Geregu Power stands at 113.7x with earnings yield of 0.88%.
TRANSCORP POWER
Transcorp Power is on the up too and not bad at all. Transcorp reported growth in its top line and bottom line figures for the 9 months period ended 30 September 2025.
Revenue of N308.54 billion was reported for the 9 months period, up by 38% from N223.56 billion revenue reported the previous year.
Profit after tax grew year on year by 17.12% to N68.42 billion from N58.42 billion achieved the previous year.
Earnings per share of the Company stands at N9.12.
At the share price of N342, the P/E ratio of TRANSPOWER stands at 37.49x with earnings yield of 2.67%.
STANBIC IBTC HOLDINGS
Stanbic IBTC Holdings Plc achieved growth in top line and bottom line figures for the Q3 2025 financial report.
Gross Earnings of N815.256 billion was recorded for the 9 months period, up by 25.06% from N651.887 billion Gross Earnings recorded the previous year.
Profit after tax grew year on year by 52.28% to N278.48 billion from N182.87 billion profit reported the previous year.
Earnings per share of the financial institution stands at N17.31.
At the share price of N107.2, the P/E ratio of Stanbic IBTC stands at 6.19x with earnings yield of 16.14%.
STANBIC IBTC HOLDINGS has also done well, with gross earnings climbing by 25.06%. Their profit growth of 52.28% shows that the financial sector is holding its ground amidst the ups and downs.
NEM INSURANCE
Nem insurance seems to be thriving. Q3 2025 result of NEM Insurance shows significant growth in the Company’s top line and bottom line figures.
Gross Earnings for the 9 months period was N123.52 billion, up by 67.47% from N73.76 billion recorded the previous year.
Profit after tax grew year on year by 51.28% to N20.51 billion from N13.56 billion profit achieved the previous year. Earnings per share of the firm stands at N4.09.
At the share price of N30, the P/E ratio of NEM Insurance stands at 7.34x with earnings yield of 13.63%.
CORNERSTONE INSURANCE
Cornerstone Insurance isn’t having the best time, it recorded Gross Earnings of N43.08 billion for the 9 months period, down by 22.53% from N55.61 billion recorded the previous year.
Profit after tax of N8.10 billion for the 9 months period, down by 66.93% from N24.5 billion profit reported the previous year.
Earnings per share of Cornerstone Insurance stands at 45 kobo.
At the share price of N6.23, the P/E ratio of Cornerstone Insurance stands at 13.97% with earnings yield of 7.16%.
AFRICA PRUDENTIAL PLC
Africa Prudential Plc recorded significant growth in its top line and bottom-line figures.
The Company reported revenue of N965.34billion for the 9 months period, up by 27.27% from N758.53 billion revenue reported in Q3 2024.
Profit after tax of N2.05 billion was achieved for the period under review, up by 53.47% from N1.34 billion profit reported the previous year.
Earnings per share of the Company stands at 51 kobo.
At the share price of N14.10, the P/E ratio of Africa Prudential Plc stands at 27.45x with earnings yield of 3.64%.
Overall, it’s a mixed bag, but many companies are showing resilience and growth. It’ll be fascinating to see how the rest of the earnings season plays out! Keep an eye on those figures because they can tell us a lot about where these companies are headed.