Africa Prudential 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
Operating Revenue	1,201	1,081	872.57	1,903	1,377
Revenue	1,201	1,081	872.57	1,903	1,377
Revenue Growth (YoY)	11.11%	23.91%	-54.15%	38.20%	30.02%
Cost of Revenue	1,194	1,021	1,043	827.15	624.73
Gross Profit	7.61	60.6	-170.16	1,076	752.46
Selling, General & Admin	38.33	71.47	37.48	15.98	10.17
Amortization of Goodwill & Intangibles	87	78.11	53.47	25.46	28.34
Other Operating Expenses	1,554	1,354	1,211	1,092	848.65
Operating Expenses	1,955	1,675	1,471	1,184	968.65
Operating Income	-1,947	-1,614	-1,641	-108.08	-216.18
Interest Expense	-	-	-0.86	-1.06	-1.46
Interest & Investment Income	6,072	4,220	3,114	2,254	2,159
Currency Exchange Gain (Loss)	-0.66	0.83	-29.77	-6.57	-
Other Non Operating Income (Expenses)	196.53	201.13	-	20.37	72.45
EBT Excluding Unusual Items	4,321	2,808	1,442	2,158	2,013
Gain (Loss) on Sale of Investments	-	-	-	7.89	-7.58
Gain (Loss) on Sale of Assets	3.86	2.61	2.38	-	0.18
Asset Writedown	-66.49	-	-3.79	-	-
Pretax Income	4,258	2,810	1,441	2,166	2,006
Income Tax Expense	1,541	1,000	477.91	672.91	591.4
Net Income	2,717	1,810	962.91	1,493	1,415
Net Income to Common	2,717	1,810	962.91	1,493	1,415
Net Income Growth	50.11%	87.98%	-35.52%	5.56%	-2.17%
Shares Outstanding (Basic)	4,000	4,000	4,000	4,000	4,000
Shares Outstanding (Diluted)	4,000	4,000	4,000	4,000	4,000
EPS (Basic)	0.68	0.45	0.24	0.37	0.35
EPS (Diluted)	0.68	0.45	0.24	0.37	0.35
EPS Growth	50.11%	87.98%	-35.52%	5.56%	-2.17%
Free Cash Flow	8,064	12,956	3,775	3,143	-1,240
Free Cash Flow Per Share	2.02	3.24	0.94	0.79	-0.31
Dividend Per Share	0.500	0.375	0.225	0.250	0.250
Dividend Growth	33.33%	66.67%	-10.00%	-	-
Gross Margin	0.63%	5.61%	-19.50%	56.54%	54.64%
Operating Margin	-162.11%	-149.28%	-188.08%	-5.68%	-15.70%
Profit Margin	226.19%	167.41%	110.35%	78.46%	102.72%
Free Cash Flow Margin	671.31%	1198.31%	432.60%	165.12%	-90.01%
EBITDA	-1,819	-1,552	-1,596	-62.19	-168.97
EBITDA Margin	-151.40%	-143.58%	-182.90%	-3.27%	-12.27%
D&A For EBITDA	128.67	61.6	45.23	45.88	47.21
EBIT	-1,947	-1,614	-1,641	-108.08	-216.18
EBIT Margin	-162.11%	-149.28%	-188.08%	-5.68%	-15.70%
Effective Tax Rate	36.19%	35.59%	33.17%	31.06%	29.48%
Advertising Expenses	38.33	71.47	37.48	7.84	10.17

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