Afromedia Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Sep '19 Sep 30, 2019	Sep '18 Sep 30, 2018
Revenue	345.99	322.98	347	347.32	381.07
Revenue Growth (YoY)	7.13%	-6.92%	-0.09%	-8.86%	-11.39%
Cost of Revenue	199.25	238.25	233.95	223.28	245.53
Gross Profit	146.74	84.73	113.05	124.04	135.54
Selling, General & Admin	252.62	264.94	213.24	176.72	216.61
Research & Development	-	0.15	1.41	25.17	43.44
Other Operating Expenses	-	-361.16	-488.03	-534.02	-476.13
Operating Expenses	277.61	-78.77	-366.36	-368.09	-197.14
Operating Income	-130.87	163.5	479.4	492.13	332.68
Interest Expense	-	-0	-	-0.16	-
Currency Exchange Gain (Loss)	-	14.22	14.02	65.29	35.39
Other Non Operating Income (Expenses)	12.75	-0.53	-0.51	-0.88	-0.46
EBT Excluding Unusual Items	-118.11	177.19	492.92	556.38	367.6
Gain (Loss) on Sale of Assets	-	-	-	-	3.1
Pretax Income	-118.11	177.19	492.92	556.38	370.7
Income Tax Expense	-	32.95	-52.01	-29.59	-10.38
Net Income	-118.11	144.24	544.93	585.97	381.08
Net Income to Common	-118.11	144.24	544.93	585.97	381.08
Net Income Growth	-	-73.53%	-7.00%	53.76%	-39.41%
Shares Outstanding (Basic)	-	4,439	4,439	4,883	4,764
Shares Outstanding (Diluted)	-	4,439	4,439	4,883	4,764
Shares Change (YoY)	-	-	-9.09%	2.51%	7.31%
EPS (Basic)	-	0.03	0.12	0.12	0.08
EPS (Diluted)	-	0.03	0.12	0.12	0.08
EPS Growth	-	-73.53%	2.30%	50.00%	-43.53%
Free Cash Flow	14.7	-193.81	30.43	9.64	-8.05
Free Cash Flow Per Share	-	-0.04	0.01	0.00	-0.00
Gross Margin	42.41%	26.23%	32.58%	35.71%	35.57%
Operating Margin	-37.82%	50.62%	138.16%	141.69%	87.30%
Profit Margin	-34.14%	44.66%	157.04%	168.71%	100.00%
Free Cash Flow Margin	4.25%	-60.01%	8.77%	2.77%	-2.11%
EBITDA	-36.74	260.11	594.79	585.06	412.99
EBITDA Margin	-10.62%	80.53%	171.41%	168.45%	108.38%
D&A For EBITDA	94.12	96.61	115.39	92.94	80.31
EBIT	-130.87	163.5	479.4	492.13	332.68
EBIT Margin	-37.82%	50.62%	138.16%	141.69%	87.30%
Effective Tax Rate	-	18.59%	-	-	-

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