
Revenue
FY, 2025
| NGN | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 | FY, 2022 | FY, 2023 | FY, 2024 | FY, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 228.4B | 214.2B | 190.9B | 293.6B | 403.9B | 696.9B | 1.7T | 4.1T |
| Cost of goods sold | 72.1B | 64.7B | 100.2B | 122.9B | 152.1B | 249.3B | 843.4B | 1.9T |
| Gross profit | 161.0B | 158.2B | 121.7B | 210.4B | 254.1B | 450.5B | 838.1B | 2.3T |
| Gross profit margin, % | 70.5% | 73.9% | 63.7% | 71.7% | 62.9% | 64.6% | 50.7% | 54.8% |
| Operating expense total | 23.5B | 21.0B | 27.3B | 28.1B | 65.8B | 147.6B | 213.8B | 300.7B |
| Depreciation and amortization | 37.5B | 29.8B | 49.1B | 66.6B | 58.6B | 109.9B | 304.4B | 911.0B |
| EBITDA | 137.5B | 141.4B | 94.9B | 183.3B | 186.8B | 303.9B | 808.4B | 2.0T |
| EBITDA margin, % | 60.2% | 66.0% | 49.7% | 62.4% | 46.3% | 43.6% | 48.9% | 47.4% |
| EBIT | 100.0B | 121.0B | 45.9B | 116.7B | 122.6B | 194.0B | 503.6B | 1.0T |
| EBIT margin, % | 43.8% | 56.5% | 24.0% | 39.7% | 30.4% | 27.8% | 30.5% | 25.4% |
| Interest income | 3.0B | 4.3B | 601.0M | 126.0M | 491.0M | 6.3B | 19.5B | 18.5B |
| Interest expense | 17.3B | 10.3B | 18.7B | 30.5B | 28.9B | 45.4B | 138.7B | 281.2B |
| Pre tax profit | 80.5B | 94.9B | (28.9B) | 71.0B | 86.7B | 125.5B | 394.7B | 755.5B |
| Income tax expense | 35.7B | 8.9B | 1.8B | 24.1B | 42.3B | 44.2B | 186.8B | 513.9B |
| Net Income | 44.8B | 85.9B | (30.7B) | 46.9B | 44.4B | 81.3B | 207.9B | 241.6B |