Five companies listed on the Nigerian Exchange (NGX) are expected to record a total profit after tax of N54.77 billion in the second quarter of 2025, according to their earnings forecasts. FCMB Group is anticipated to lead the profit projections with N36.64 billion, followed by Geregu Power Plc at N8.65 billion, AXA Mansard Insurance at N7.78 billion, TotalEnergies Marketing Nigeria Plc at N1.41 billion, and Abbey Mortgage Bank with N291.72 million. These firms represent a variety of sectors, including banking, insurance, power, and energy.
FCMB Group is set to achieve a profit largely driven by N209.12 billion in interest income and N3.71 billion in foreign exchange earnings. The bank’s total operating income is projected to reach N131.46 billion, with operating expenses estimated at N80.54 billion. AXA Mansard Insurance is also set to benefit from strong insurance revenue of N86.78 billion, alongside a projected net investment and other income of N10.13 billion, culminating in a profit before tax of N9.13 billion.
Geregu Power Plc, a major electricity provider, expects to generate N53.14 billion in revenue, with operating profits of N13.88 billion after accounting for costs of sales and finance expenses. The firm’s projected tax expense of N4.26 billion will leave it with an anticipated profit of N8.65 billion. TotalEnergies Marketing Nigeria Plc, involved in the energy sector, is projecting N191.61 billion in revenue, with a profit after tax forecasted at N1.41 billion, despite its operating and finance costs.
Abbey Mortgage Bank, focusing on the mortgage sector, anticipates gross earnings of N3.02 billion, primarily from interest income. The bank’s forecasted net profit after tax stands at N291.72 million, following its projected operating income and tax obligations. Together, these companies’ earnings will contribute significantly to the broader corporate landscape in Nigeria, indicating strong performance across various sectors for Q2 2025.
SOURCE: PUNCH