
Revenue
FY, 2025
| NGN | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 | FY, 2022 | FY, 2023 | FY, 2024 | FY, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.0B | 3.3B | 2.1B | 3.3B | 5.1B | 9.6B | 14.8B | 17.7B |
| Cost of goods sold | 1.5B | 2.1B | 1.2B | 2.6B | 4.1B | 7.8B | 10.5B | 13.9B |
| Gross profit | 2.3B | 1.8B | 969.3M | 1.1B | 1.7B | 2.0B | 4.4B | 3.8B |
| Gross profit margin, % | 76.2% | 55.5% | 45.9% | 33.2% | 32.8% | 20.9% | 29.5% | 21.4% |
| Operating expense total | 1.8B | 1.3B | 1.6B | 1.1B | 1.2B | 1.7B | 2.1B | 2.6B |
| Depreciation and amortization | 212.3M | 207.7M | 194.1M | 127.9M | 113.5M | 199.5M | 163.9M | 186.4M |
| EBITDA | 465.2M | 562.9M | (613.9M) | 33.9M | 510.5M | 272.1M | 2.3B | 1.2B |
| EBITDA margin, % | 15.4% | 17.1% | -29.1% | 1.0% | 10.1% | 2.8% | 15.5% | 6.6% |
| EBIT | 313.1M | 365.7M | (787.4M) | (45.5M) | 399.8M | 73.2M | 2.1B | 1.4B |
| EBIT margin, % | 10.4% | 11.1% | -37.3% | -1.4% | 7.9% | 0.8% | 14.4% | 7.9% |
| Interest income | 4.3M | 3.7M | 115.1M | 48.5M | 332.5M | |||
| Interest expense | 15.7M | 11.6M | 127.3M | 181.8M | 197.6M | 259.5M | 396.7M | 915.4M |
| Pre tax profit | 301.6M | 358.9M | (913.1M) | (493.0M) | (129.1M) | 248.5M | 856.7M | 806.8M |
| Income tax expense | (78.5M) | 36.2M | 31.8M | (133.1M) | 246.2M | 228.3M | 465.7M | 389.7M |
| Net Income | 380.1M | 322.6M | (944.9M) | (359.9M) | (375.2M) | 20.2M | 391.1M | 417.1M |