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	15,962	12,515	7,332	7,626	6,570
Revenue Growth (YoY)	27.54%	70.69%	-3.85%	16.08%	-15.24%
Cost of Revenue	13,149	9,743	5,743	6,413	5,565
Gross Profit	2,812	2,772	1,589	1,212	1,005
Selling, General & Admin	2,070	1,311	2,060	1,063	1,084
Other Operating Expenses	-1,204	-618.09	0.03	-406.7	-142.92
Operating Expenses	974.73	744.68	2,200	695.72	982.15
Operating Income	1,838	2,028	-611.6	516.73	22.55
Interest Expense	-419.31	-465.98	-408.81	-275.48	-196.83
Interest & Investment Income	-	-	0.04	0.8	2.96
Currency Exchange Gain (Loss)	37.13	-581.82	537.44	25.29	-8.24
Other Non Operating Income (Expenses)	-200.79	-200.98	-41.02	-62.91	-82.23
EBT Excluding Unusual Items	1,255	778.95	-523.95	204.42	-261.79
Gain (Loss) on Sale of Investments	2.04	3.1	1.71	1.21	0.85
Gain (Loss) on Sale of Assets	107.41	44.97	146.16	61.37	384.21
Pretax Income	1,393	918.45	-368.61	279.23	140.68
Income Tax Expense	314.34	249.26	171.94	219.12	229.23
Earnings From Continuing Operations	1,079	669.19	-540.55	60.11	-88.55
Minority Interest in Earnings	-107.74	-136.38	365.23	-44.23	-64.61
Net Income	971.3	532.81	-175.33	15.88	-153.16
Net Income to Common	971.3	532.81	-175.33	15.88	-153.16
Net Income Growth	82.30%	-	-	-	-
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)	0.41	0.22	-0.07	0.01	-0.09
EPS (Diluted)	0.41	0.22	-0.07	0.01	-0.09
EPS Growth	82.30%	-	-	-	-
Free Cash Flow	518.75	1,136	175.55	-1,010	-935.96
Free Cash Flow Per Share	0.22	0.47	0.07	-0.42	-0.56
Dividend Per Share	0.060	-	-	0.015	-
Gross Margin	17.62%	22.15%	21.67%	15.90%	15.29%
Operating Margin	11.51%	16.20%	-8.34%	6.78%	0.34%
Profit Margin	6.08%	4.26%	-2.39%	0.21%	-2.33%
Free Cash Flow Margin	3.25%	9.08%	2.39%	-13.25%	-14.25%
EBITDA	3,306	2,800	54.29	1,047	798.16
EBITDA Margin	20.71%	22.38%	0.74%	13.73%	12.15%
D&A For EBITDA	1,468	772.65	665.89	530.04	775.62
EBIT	1,838	2,028	-611.6	516.73	22.55
EBIT Margin	11.51%	16.20%	-8.34%	6.78%	0.34%
Effective Tax Rate	22.56%	27.14%	-	78.47%	162.94%
Advertising Expenses	41.9	69.53	37.93	857.63	33.47

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