Five companies listed on the Nigerian Exchange are projected to rake in a combined profit after tax of N54.77bn for the second quarter ending June 30, 2025, based on their earnings forecasts.

An analysis of the financial projections shows that FCMB Group is expected to lead the pack with a profit after tax of N36.64bn, followed by AXA Mansard Insurance at N7.78bn and Geregu Power Plc at N8.65bn. TotalEnergies Marketing Nigeria Plc forecasts a profit of N1.41bn, while Abbey Mortgage Bank anticipates a profit of N291.72m.

According to the forecast, FCMB Group’s earnings are driven by N209.12bn in interest income and N3.71bn in foreign exchange earnings. The bank projects net operating income of N131.46bn, with operating expenses standing at N80.54bn.

AXA Mansard Insurance, a player in Nigeria’s insurance sector, expects an insurance revenue of N86.78bn, with a net investment and other income of N10.13bn. The firm’s projected profit before tax is N9.13bn, while its tax obligation is forecasted at N1.36bn.



https://punchng.com/five-firms-target-n54bn-profit-in-q2/