Nation Media Group Income Statement

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

Millions KES. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	6,039	6,230	7,116	7,298	7,614
Revenue Growth (YoY)	-3.05%	-12.46%	-2.50%	-4.14%	11.76%
Cost of Revenue	1,906	1,974	2,435	1,425	1,212
Gross Profit	4,134	4,256	4,681	5,874	6,402
Selling, General & Admin	-	3,407	3,595	4,075	4,294
Other Operating Expenses	4,455	1,384	1,925	1,605	1,589
Operating Expenses	4,455	4,715	5,694	5,692	5,907
Operating Income	-320.8	-458.7	-1,013	182	494.7
Interest Expense	-	-29.7	-32.6	-38.9	-44.6
Interest & Investment Income	-	270.6	311.2	291.6	241.7
Earnings From Equity Investments	-	-35.8	302.1	57	38.9
EBT Excluding Unusual Items	-320.8	-253.6	-431.8	491.7	730.7
Pretax Income	-320.8	-253.6	-431.8	491.7	730.7
Income Tax Expense	-12.2	0.8	-226.1	173.2	237.6
Earnings From Continuing Operations	-308.6	-254.4	-205.7	318.5	493.1
Minority Interest in Earnings	-0.3	2.9	4	-3.3	-1.3
Net Income	-308.9	-251.5	-201.7	315.2	491.8
Net Income to Common	-308.9	-251.5	-201.7	315.2	491.8
Net Income Growth	-	-	-	-35.91%	922.45%
Shares Outstanding (Basic)	172	171	185	190	199
Shares Outstanding (Diluted)	172	171	185	190	199
Shares Change (YoY)	0.18%	-7.46%	-2.73%	-4.13%	0.30%
EPS (Basic)	-1.80	-1.47	-1.09	1.66	2.48
EPS (Diluted)	-1.80	-1.50	-1.10	1.66	2.48
EPS Growth	-	-	-	-33.15%	1138.79%
Free Cash Flow	-464.4	-596.1	-535.2	-146.3	1,351
Free Cash Flow Per Share	-2.71	-3.48	-2.89	-0.77	6.81
Dividend Per Share	-	-	-	1.500	1.500
Gross Margin	68.44%	68.32%	65.78%	80.48%	84.08%
Operating Margin	-5.31%	-7.36%	-14.23%	2.49%	6.50%
Profit Margin	-5.12%	-4.04%	-2.83%	4.32%	6.46%
Free Cash Flow Margin	-7.69%	-9.57%	-7.52%	-2.00%	17.74%
EBITDA	-113	-250.9	-624.6	558.9	895.7
EBITDA Margin	-1.87%	-4.03%	-8.78%	7.66%	11.76%
D&A For EBITDA	207.8	207.8	387.9	376.9	401
EBIT	-320.8	-458.7	-1,013	182	494.7
EBIT Margin	-5.31%	-7.36%	-14.23%	2.49%	6.50%
Effective Tax Rate	-	-	-	35.23%	32.52%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.