Five companies listed on the Nigerian Exchange have projected a combined profit after tax of N24.34bn for the 2025 financial year, according to their earnings forecasts filed with the Nigerian Exchange Limited recently.
The firms include AIICO Insurance Plc, Red Star Express Plc, SUNU Assurances Nigeria Plc, Prestige Assurance Plc, and Eterna Plc. Their projections also revealed a total combined revenue of N426.36bn and an operating cash flow of N45.92bn for the year ending December 31, 2025.
A breakdown of the forecasts showed that AIICO Insurance Plc expects to post the highest profit after tax of N19.55bn, supported by strong investment income projected at N51.76bn and net insurance and investment results of N27.10bn. The insurer also anticipates a net cash inflow of N35.71bn from operating activities, though cash and cash equivalents are forecast to drop to N12.27bn by year-end from N19.44bn at the beginning of the year.
Red Star Express Plc projected a profit after tax of N239.70m, driven by a turnover of N6.73bn and a gross profit of N1.44bn. The company also expects positive net cash flow from operating activities at N753.29m, closing the year with N949.93m in cash and cash equivalents.
SUNU Assurances Nigeria Plc forecasts a profit after tax of N1.56bn for 2025, with insurance revenue estimated at N16.41bn. The company also projects a strong cash position, with cash and cash equivalents expected to rise to N17.47bn from N11.71bn at the beginning of the year, boosted by a capital increase of N7bn.
Prestige Assurance Plc anticipates a profit after tax of N2.01bn from insurance revenue of N28.60bn. The company’s operating cash flow is expected to amount to N892.36m, while cash and bank balances are projected to rise to N2.35bn by the end of the year.
Eterna Plc forecast a profit after tax of N1bn for 2025 on revenue of N243.06bn. The company also expects operating cash flow of N8.53bn, with cash and cash equivalents closing at N2.32bn for the year.
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