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Ardova financials data including stock price, CreditSafe score, income statement, balance sheet, cash flow, and acquistions and subsidiaries.
Revenue
₦240.8 B
FY, 2022
CreditSafe Score
?
Score changed on Jun 05, 2026
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Learn moreFinancial Statements
| NGN | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 | FY, 2022 |
|---|---|---|---|---|---|
| Revenue | 174.5B | 176.6B | 181.9B | 201.4B | 240.8B |
| Cost of goods sold | 142.1B | 164.5B | 169.8B | 191.6B | 224.8B |
| Gross profit | 33.6B | 16.4B | 12.6B | 10.4B | 17.6B |
| Gross profit margin, % | 19.3% | 9.3% | 6.9% | 5.2% | 7.3% |
| Operating expense total | 17.5B | 7.9B | 7.3B | 7.7B | 16.1B |
| Depreciation and amortization | 5.0B | 3.0B | 1.5B | 2.2B | 4.1B |
| EBITDA | 16.1B | 8.5B | 5.3B | 2.4B | 1.5B |
| EBITDA margin, % | 9.2% | 4.8% | 2.9% | 1.2% | 0.6% |
| EBIT | 11.3B | 5.5B | 4.6B | 1.1B | (2.5B) |
| EBIT margin, % | 6.5% | 3.1% | 2.6% | 0.5% | -1.0% |
| Interest income | 1.1B | 4.6B | 270.9M | 157.1M | 405.5M |
| Interest expense | 5.0B | 5.0B | 1.7B | 2.3B | 5.3B |
| Pre tax profit | 7.3B | 4.7B | 2.9B | (2.9B) | (7.1B) |
| Income tax expense | (1.0B) | 739.0M | 1.0B | 906.5M | 467.0M |
| Net Income | 8.3B | 3.9B | 1.9B | (3.8B) | (7.6B) |
Acquisitions & Subsidiaries
| Company name | Date | Deal size |
|---|---|---|
| Lorem | Dec 23, 2021 | $40.0M |
| Ipsum | Jan 18, 2022 | $30.0M |
| Lorem Ipsum | Feb 18, 2022 | $25.0M |
| Dolor | Oct 21, 2021 | $60.0M |
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