Five firms project a combined Q3 profit of N54.72bn

Five listed companies have forecast a combined profit after tax of N54.72 billion for the third quarter of 2025, the group, comprising MRS Oil Plc, Eterna Plc, Custodian Investment Plc, Regency Alliance Insurance Plc and STACO Insurance Plc, spans the oil, gas and insurance sectors, and released their profit outlook following Exchange requirements.

Custodian Investment Plc leads the pack with a predicted profit after tax of N49.41 billion for the nine months ending 30 September 2025, a remarkable 207 percent increase from N16.08 billion a year earlier.

Its gross revenue is expected to rise to N175.81 billion, up from N103.91 billion, buoyed by stronger investment returns and operating income, even as total expenses climb to N117.68 billion from N84.71 billion.

MRS Oil Plc anticipates a Q3 profit after tax of N3.95 billion, a 35 percent uptick from N2.93 billion in Q2 2025, driven by heightened sales.

The company projects revenue of N393.58 billion versus N269.73 billion previously, with cost of sales rising to N378.93 billion from N259.69 billion, delivering an operating profit of N6.00 billion compared with N4.34 billion. Lower finance costs, expected at N0.06 billion, down from N0.15 billion, will also support the bottom line.

Eterna Plc foresees a profit after tax of N192.13 million. Year-to-date revenue is projected at N193.47 billion against cost of sales of N182.83 billion, yielding a gross profit of N10.64 billion.

Operating cash flow before working-capital movements stands at N5.24 billion, with net cash from operations estimated at N7.66 billion. After accounting for N467.88 million in investment outflows and N6.56 billion in financing payments, Eterna expects to close Q3 with cash balances of around N2.28 billion.

Regency Alliance Insurance Plc projects a profit after tax of N983.88 million, underpinned by an insurance underwriting result of N1.29 billion and N450.96 million in investment and other income. It anticipates operating cash flow before working-capital adjustments of N115.02 million, followed by a net cash outflow of N426.21 million by quarter-end.

STACO Insurance Plc expects a profit after tax of N176.58 million, driven by total premium income of N753.84 million and investment income of N143.54 million. Underwriting profit is forecast at N515.40 million, less N75.68 million in tax, and a modest net cash inflow of N39.23 million should lift its closing cash balance to approximately N1.70 billion, up from N1.66 billion at the end of H1.

Taken together, these forecasts point to a robust recovery from the headwinds witnessed earlier in 2025, signalling firmer trading conditions across both the energy and insurance sectors as the year progresses.