Five companies listed on the Nigerian Exchange Limited (NGX) have projected a combined profit after tax of N24.34 billion for the 2025 financial year, according to recent earnings forecasts submitted to the NGX. The firms—AIICO Insurance Plc, Red Star Express Plc, SUNU Assurances Nigeria Plc, Prestige Assurance Plc, and Eterna Plc—also anticipate total revenue of N426.36 billion and operating cash flow of N45.92 billion for the year ending December 31, 2025.
AIICO Insurance Plc leads with an expected profit after tax of N19.55 billion, driven by N51.76 billion in investment income and N27.10 billion in net insurance and investment results. The company projects a net operating cash inflow of N35.71 billion, though its cash and cash equivalents are expected to decline to N12.27 billion from N19.44 billion by year-end.
Red Star Express Plc forecasts a profit after tax of N239.7 million, supported by N6.73 billion in turnover and N1.44 billion in gross profit. The company expects a net operating cash flow of N753.29 million, with cash reserves reaching N949.93 million by the end of 2025.
SUNU Assurances Nigeria Plc projects a profit after tax of N1.56 billion, with insurance revenue of N16.41 billion. Bolstered by a N7 billion capital increase, the company anticipates cash and cash equivalents rising to N17.47 billion from N11.71 billion.
Prestige Assurance Plc expects a profit after tax of N2.01 billion, generated from N28.60 billion in insurance revenue. Operating cash flow is forecasted at N892.36 million, with cash and bank balances increasing to N2.35 billion by year-end.
Eterna Plc projects a profit after tax of N1 billion, driven by N243.06 billion in revenue. The company anticipates an operating cash flow of N8.53 billion, with cash reserves closing at N2.32 billion.
These projections come amid positive economic signals, including a stronger naira at N1,497/$ and a N704.38 billion rise in NGX market capitalization. The forecasts reflect confidence in Nigeria’s economic recovery, though challenges like high borrowing costs and inflation persist, prompting calls for sustained policy reforms to support growth.
