FCMB Climbs as Investors Await Audited Results
FCMB Group Plc.’s market value increased by about 8% to N388 billion in the equities segment of the Nigerian Exchange following the release of second quarter of 2025 earnings target.
Its market price increased by 7.7% to N9.80 in the equities market as investors take position amidst Q2 earnings target. The stock price is more than 24% below its 52-week high on the Nigerian Exchange.
Reflecting active trade, FCMB saw significant volume transactions on its stocks last week. By midweek, more than 17 million of FCMB exchanged hands in the market, causing a marginal price decline.
Details from the earnings forecast document revealed that FCMB anticipates its profit to settle at N36.638 billion in the second quarter of the year.
The group expects N239.394 billion in gross earnings, saying cash flows for the second quarter cannot be estimated as first quarter is yet to end. Net income is estimated to print at N101.18 billion, and a more than N11 billion impairment charges on loans is anticipated.
Equities investors are waiting to receive the financial services group audited financial statement for 2024. In February, FCMB said its board of directors has approved the Group’s Audited Financial Statements for the year ended December 31, 2024, as well as payment of Dividend, subject to the approval of the Central Bank of Nigeria. #FCMB Climbs as Investors Await Audited Results#
