ABC Transport Income Statement

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

Millions NGN. 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	16,314	12,515	7,332	7,626	6,570
Revenue Growth (YoY)	30.35%	70.69%	-3.85%	16.08%	-15.24%
Cost of Revenue	12,671	9,743	5,743	6,413	5,565
Gross Profit	3,643	2,772	1,589	1,212	1,005
Selling, General & Admin	2,315	2,677	2,060	1,063	1,084
Other Operating Expenses	-539.8	-618.09	0.03	-406.7	-142.92
Operating Expenses	1,890	2,111	2,200	695.72	982.15
Operating Income	1,753	661.47	-611.6	516.73	22.55
Interest Expense	-433.48	-465.98	-408.81	-275.48	-196.83
Interest & Investment Income	-	-	0.04	0.8	2.96
Currency Exchange Gain (Loss)	37.13	590.78	537.44	25.29	-8.24
Other Non Operating Income (Expenses)	-65.02	-7.31	-41.02	-62.91	-82.23
EBT Excluding Unusual Items	1,291	778.95	-523.95	204.42	-261.79
Gain (Loss) on Sale of Investments	2.09	3.1	1.71	1.21	0.85
Gain (Loss) on Sale of Assets	100.41	44.97	146.16	61.37	384.21
Other Unusual Items	-10.6	-	-	-	-
Pretax Income	1,403	918.45	-368.61	279.23	140.68
Income Tax Expense	539.31	249.26	171.94	219.12	229.23
Earnings From Continuing Operations	863.79	669.19	-540.55	60.11	-88.55
Minority Interest in Earnings	-75.32	-136.38	365.23	-44.23	-64.61
Net Income	788.47	532.81	-175.33	15.88	-153.16
Net Income to Common	788.47	532.81	-175.33	15.88	-153.16
Net Income Growth	47.98%	-	-	-	-
Shares Outstanding (Basic)	2,393	2,393	2,393	2,393	1,658
Shares Outstanding (Diluted)	2,393	2,393	2,393	2,393	1,658
Shares Change (YoY)	-	-	-	44.33%	-
EPS (Basic)	0.33	0.22	-0.07	0.01	-0.09
EPS (Diluted)	0.33	0.22	-0.07	0.01	-0.09
EPS Growth	47.98%	-	-	-	-
Free Cash Flow	482.11	1,136	175.55	-1,010	-935.96
Free Cash Flow Per Share	0.20	0.47	0.07	-0.42	-0.56
Dividend Per Share	-	-	-	0.015	-
Gross Margin	22.33%	22.15%	21.67%	15.90%	15.29%
Operating Margin	10.74%	5.29%	-8.34%	6.78%	0.34%
Profit Margin	4.83%	4.26%	-2.39%	0.21%	-2.33%
Free Cash Flow Margin	2.96%	9.08%	2.39%	-13.25%	-14.25%
EBITDA	3,121	1,434	54.29	1,047	798.16
EBITDA Margin	19.13%	11.46%	0.74%	13.73%	12.15%
D&A For EBITDA	1,368	772.65	665.89	530.04	775.62
EBIT	1,753	661.47	-611.6	516.73	22.55
EBIT Margin	10.74%	5.29%	-8.34%	6.78%	0.34%
Effective Tax Rate	38.44%	27.14%	-	78.47%	162.94%
Advertising Expenses	31.97	69.53	37.93	857.63	33.47

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