NASE:NSE 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
Operating Revenue	31.94	34.06	30.38	36.81	29.34
Other Revenue	1,029	781.17	609.21	595.08	672.09
Revenue	1,061	815.23	639.59	631.89	701.43
Revenue Growth (YoY)	30.17%	27.46%	1.22%	-9.91%	6.53%
Cost of Revenue	76.97	82.23	61.85	56	54.64
Gross Profit	984.2	733	577.75	575.89	646.79
Selling, General & Admin	410.09	326.75	305.47	324.97	259.27
Other Operating Expenses	159.58	177.78	144.62	97.98	109.15
Operating Expenses	608.11	543.64	487.81	471.47	429.18
Operating Income	376.09	189.36	89.94	104.43	217.61
Earnings From Equity Investments	34.38	8.7	-19.43	-46.54	-3.39
Currency Exchange Gain (Loss)	-0.7	-13.36	16.23	3.13	0.5
Other Non Operating Income (Expenses)	-	-	-	1.38	-
EBT Excluding Unusual Items	409.77	184.7	86.74	62.39	214.72
Gain (Loss) on Sale of Investments	5.6	-1.3	-16.92	-7.37	-6.31
Gain (Loss) on Sale of Assets	-	0.2	0.01	-	2.46
Asset Writedown	-51.29	-20.78	-27.5	-17.22	-
Pretax Income	364.08	162.82	42.33	37.8	210.87
Income Tax Expense	91.79	46.52	23.92	24.08	78.33
Earnings From Continuing Operations	272.3	116.3	18.4	13.72	132.53
Minority Interest in Earnings	-0.06	-0.03	-0	0.15	-2.01
Net Income	272.24	116.27	18.4	13.88	130.53
Net Income to Common	272.24	116.27	18.4	13.88	130.53
Net Income Growth	134.14%	531.81%	32.63%	-89.37%	-22.21%
Shares Outstanding (Basic)	261	261	260	260	260
Shares Outstanding (Diluted)	261	261	260	260	260
Shares Change (YoY)	0.10%	0.07%	0.02%	0.15%	0.19%
EPS (Basic)	1.04	0.45	0.07	0.05	0.50
EPS (Diluted)	1.04	0.45	0.07	0.05	0.50
EPS Growth	133.91%	531.37%	32.59%	-89.39%	-22.36%
Free Cash Flow	223.15	54.89	-33.86	-41.53	48.97
Free Cash Flow Per Share	0.85	0.21	-0.13	-0.16	0.19
Dividend Per Share	0.730	0.320	0.160	0.200	0.400
Dividend Growth	128.13%	100.00%	-20.00%	-50.00%	-24.53%
Gross Margin	92.75%	89.91%	90.33%	91.14%	92.21%
Operating Margin	35.44%	23.23%	14.06%	16.53%	31.02%
Profit Margin	25.66%	14.26%	2.88%	2.20%	18.61%
Free Cash Flow Margin	21.03%	6.73%	-5.29%	-6.57%	6.98%
EBITDA	391.94	206.05	107.48	130.64	247.12
EBITDA Margin	36.94%	25.27%	16.80%	20.67%	35.23%
D&A For EBITDA	15.84	16.69	17.55	26.21	29.51
EBIT	376.09	189.36	89.94	104.43	217.61
EBIT Margin	35.44%	23.23%	14.06%	16.53%	31.02%
Effective Tax Rate	25.21%	28.57%	56.52%	63.69%	37.15%
Revenue as Reported	1,089	828.4	662.32	642.76	714.27

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.