Earnings choke

When will Fidelity and Access drop H1 2025 results ?

Oct 13, 2025

Good morning and welcome to this weeks bulls and bears. This is a weekly thread on the US and Nigerian equity space.

If you have any questions, feel free to tweet at me. You can also send an email to info@greentickertales.com

Kicking off things with the NGX.

The All Share Index gained 2.37%. The index measures the average performance of stocks.

Sovereign Trust Insurance led the gainers. The stock appreciated by 16.73% opening at N2.75 and closing at N3.21, up N0.46.

Livingtrust Mortgage Bank led the losers. The stock fell 14.61% opening at N6.09 and closing at N5.20, down N0.89.

UBA, Zenith Bank, Stanbic IBTC, and GTCO were marked down. A markdown is when a stock’s price is adjusted downwards for a dividend or bonus.

The NGX board has wound down the ASEM Alternative Securities Exchange Market.

Following that, Juli will be migrated to the growth board and Smart Products will be delisted following failure to meet the required criteria for migration to the growth board.

Moving on to earnings

Tantalizers filed its H2 2025 results. The company made system revenue of N1.3 billion and a N25.8 million loss after tax.

Geregu Power filed its 9M 2025 numbers. The genco made N131.4 billion in revenue, up 16.77% year on year and N25 billion in profit after tax up 3.76% year on year.

What’s happening this week on the NGX?

FCMB has a facts behind the offer event holding today at the NGX.

Transcorp Power results should be out during the week having held a board meeting to consider them.

Okomu and Transcorp Hotel will hold board meetings to consider Q3 2025 numbers this week.

The wait for Access Corporation and Fidelity Bank H1 2025 results continues

Switching lanes to the US.

Markets turned red after the US dialled back up its trade war with China. President Trump accused the country of hostile export controls on rare metals and said a 100% tariff would be imposed on goods from China.

The S&P 500 fell 2.4%

The NASDAQ fell 2.5%

The Dow dipped 2.7%.

Delta Airlines dropped Q3 earnings which came in better than analayst forecasts.

The firm made $15.2 billion in revenue vs $15.06 billion expected.

Adjusted earnings per share was $1.71 vs $1.53 expected.

Pepsico also beat earnings forecast.

The firm made $23.94 billion in revenue vs $23.83 billion expected

Earnings per share was $2.29 vs $2.26 expected.

Popped into the call and management at various times mentioned cost restructuring and the need to accelerate growth.

Key point for me was CEO Ramon Laguarta stating there were points of agreement with activist investor Elliot. One being the firm was undervalued.

This week is a packed one in terms of earnings.

On Tuesday Blackrock, JP Morgan, Citigroup, Wells Fargo, Johnson and Johnson and Dominos Pizza will drop earnings before market open.

On Wednesday

ASML, Dollar Tree, Bank of America, Morgan Stanley and Prologis will drop earnings before market open.

After market close, United Airlines and JB Hunt will drop earnings.

On Thursday

TSMC, Charles Schwab, and BNY will drop earnings before market open.

After close, Interactive Brokers will drop earnings.

On Friday Ally, American Express and Truist will drop earnings before market open.

You can get a daily summary of the day’s trading session on the greentickertales podcast by 7pm WAT on Spotify, Apple Podcast and Youtube music and other audio platforms

8pm on Youtube and twitter @greentickertale

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