Nation Media Group Income Statement

Financials in millions KES. Fiscal year is January - December.

Millions KES. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	6,048	6,230	7,116	7,298	7,614	6,813
Revenue Growth (YoY)	-10.56%	-12.46%	-2.50%	-4.14%	11.76%	-24.73%
Cost of Revenue	1,875	1,974	2,435	1,425	1,212	1,148
Gross Profit	4,173	4,256	4,681	5,874	6,402	5,665
Selling, General & Admin	3,407	3,407	3,595	4,075	4,294	4,104
Other Operating Expenses	1,004	1,384	1,925	1,605	1,589	1,511
Operating Expenses	4,334	4,715	5,694	5,692	5,907	5,758
Operating Income	-161.6	-458.7	-1,013	182	494.7	-93.4
Interest Expense	-29.7	-29.7	-32.6	-38.9	-44.6	-42
Interest & Investment Income	270.6	270.6	311.2	291.6	241.7	203.2
Earnings From Equity Investments	-35.8	-35.8	302.1	57	38.9	52.1
EBT Excluding Unusual Items	43.5	-253.6	-431.8	491.7	730.7	119.9
Pretax Income	43.5	-253.6	-431.8	491.7	730.7	119.9
Income Tax Expense	79.4	0.8	-226.1	173.2	237.6	72
Earnings From Continuing Operations	-35.9	-254.4	-205.7	318.5	493.1	47.9
Minority Interest in Earnings	-24.7	2.9	4	-3.3	-1.3	0.2
Net Income	-60.6	-251.5	-201.7	315.2	491.8	48.1
Net Income to Common	-60.6	-251.5	-201.7	315.2	491.8	48.1
Net Income Growth	-	-	-	-35.91%	922.45%	-94.34%
Shares Outstanding (Basic)	175	171	185	190	199	198
Shares Outstanding (Diluted)	175	171	185	190	199	198
Shares Change (YoY)	8.78%	-7.46%	-2.73%	-4.13%	0.30%	-13.26%
EPS (Basic)	-0.35	-1.47	-1.09	1.66	2.48	0.24
EPS (Diluted)	-0.38	-1.50	-1.10	1.66	2.48	0.20
EPS Growth	-	-	-	-33.15%	1138.79%	-94.63%
Free Cash Flow	-614.1	-596.1	-535.2	-146.3	1,351	340.1
Free Cash Flow Per Share	-3.51	-3.48	-2.89	-0.77	6.81	1.72
Dividend Per Share	-	-	-	1.500	1.500	-
Gross Margin	69.00%	68.32%	65.78%	80.48%	84.08%	83.15%
Operating Margin	-2.67%	-7.36%	-14.23%	2.49%	6.50%	-1.37%
Profit Margin	-1.00%	-4.04%	-2.83%	4.32%	6.46%	0.71%
Free Cash Flow Margin	-10.15%	-9.57%	-7.52%	-2.00%	17.74%	4.99%
EBITDA	-43.85	-250.9	-624.6	558.9	895.7	357.5
EBITDA Margin	-0.73%	-4.03%	-8.78%	7.66%	11.76%	5.25%
D&A For EBITDA	117.75	207.8	387.9	376.9	401	450.9
EBIT	-161.6	-458.7	-1,013	182	494.7	-93.4
EBIT Margin	-2.67%	-7.36%	-14.23%	2.49%	6.50%	-1.37%
Effective Tax Rate	182.53%	-	-	35.23%	32.52%	60.05%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.