Aradel Holdings Plc (NGX:ARADEL)

Aradel Holdings Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	679,854	581,151	221,142	66,109	51,568	32,529
Revenue Growth (YoY)	123.89%	162.79%	234.51%	28.20%	58.53%	-29.22%
Cost of Revenue	312,613	227,149	79,842	24,738	37,261	19,794
Gross Profit	367,241	354,003	141,301	41,371	14,306	12,734
Selling, General & Admin	57,266	50,293	19,210	9,828	6,556	5,348
Other Operating Expenses	-9,075	-8,633	3,197	769.09	-1,841	386.84
Operating Expenses	51,546	45,095	22,466	11,886	5,412	6,511
Operating Income	315,695	308,908	118,834	29,485	8,894	6,223
Interest Expense	-22,821	-20,241	-8,191	-2,673	-3,282	-2,885
Interest & Investment Income	17,019	16,104	6,684	2,006	1,693	1,374
Earnings From Equity Investments	32,397	31,617	3,222	5,497	9,776	6,176
Currency Exchange Gain (Loss)	1,836	-19,616	-8,386	-1,071	3,176	6,608
Other Non Operating Income (Expenses)	328.7	-	-	13.79	-84.81	-742.3
EBT Excluding Unusual Items	344,454	316,772	112,164	33,259	20,173	16,754
Gain (Loss) on Sale of Assets	-	-	-	4.28	7.72	-
Pretax Income	344,454	316,772	112,164	33,263	20,180	16,754
Income Tax Expense	73,200	57,700	58,426	18,123	-9,223	-42.45
Earnings From Continuing Operations	271,254	259,072	53,738	15,140	29,403	16,796
Minority Interest in Earnings	-1,774	-1,201	-990.66	-801.39	61.01	11.58
Net Income	269,480	257,871	52,747	14,339	29,464	16,808
Net Income to Common	269,480	257,871	52,747	14,339	29,464	16,808
Net Income Growth	295.41%	388.88%	267.86%	-51.33%	75.30%	-13.80%
Shares Outstanding (Basic)	4,345	4,345	4,345	4,345	4,345	4,345
Shares Outstanding (Diluted)	4,345	4,345	4,345	4,345	4,345	4,345
EPS (Basic)	62.02	59.35	12.14	3.30	6.78	3.87
EPS (Diluted)	62.02	59.35	12.14	3.30	6.78	3.87
EPS Growth	295.41%	388.88%	267.86%	-51.33%	75.30%	-13.80%
Free Cash Flow	133,660	175,337	90,232	21,882	15,675	2,837
Free Cash Flow Per Share	30.76	40.35	20.77	5.04	3.61	0.65
Dividend Per Share	30.000	30.000	10.000	1.750	1.000	0.350
Dividend Growth	200.00%	200.00%	471.43%	75.00%	185.71%	-58.82%
Gross Margin	54.02%	60.91%	63.90%	62.58%	27.74%	39.15%
Operating Margin	46.44%	53.15%	53.74%	44.60%	17.25%	19.13%
Profit Margin	39.64%	44.37%	23.85%	21.69%	57.14%	51.67%
Free Cash Flow Margin	19.66%	30.17%	40.80%	33.10%	30.40%	8.72%
EBITDA	402,616	389,039	135,486	42,685	28,489	15,747
EBITDA Margin	59.22%	66.94%	61.27%	64.57%	55.24%	48.41%
D&A For EBITDA	86,921	80,132	16,652	13,200	19,594	9,524
EBIT	315,695	308,908	118,834	29,485	8,894	6,223
EBIT Margin	46.44%	53.15%	53.74%	44.60%	17.25%	19.13%
Effective Tax Rate	21.25%	18.21%	52.09%	54.48%	-	-

Updated Jan 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.