Aradel Holdings Plc (NGX: ARADEL)

Aradel Holdings Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	475,674	221,142	66,109	51,568	32,529	45,959
Revenue Growth (YoY)	211.23%	234.51%	28.20%	58.53%	-29.22%	17.69%
Cost of Revenue	191,093	74,369	24,738	37,261	19,794	31,191
Gross Profit	284,581	146,774	41,371	14,306	12,734	14,768
Selling, General & Admin	32,227	23,372	9,828	6,556	5,348	3,970
Other Operating Expenses	-5,484	3,197	769.09	-1,841	386.84	-2,271
Operating Expenses	29,004	27,940	11,886	5,412	6,511	1,951
Operating Income	255,578	118,834	29,485	8,894	6,223	12,817
Interest Expense	-9,146	-8,191	-2,673	-3,282	-2,885	-3,065
Interest & Investment Income	13,429	6,684	2,006	1,693	1,374	279.85
Earnings From Equity Investments	23,036	3,222	5,497	9,776	6,176	9,003
Currency Exchange Gain (Loss)	-16,648	-8,386	-1,071	3,176	6,608	1,648
Other Non Operating Income (Expenses)	-	-	13.79	-84.81	-742.3	-90.54
EBT Excluding Unusual Items	266,249	112,164	33,259	20,173	16,754	20,592
Gain (Loss) on Sale of Assets	-	-	4.28	7.72	-	-
Pretax Income	266,249	112,164	33,263	20,180	16,754	20,592
Income Tax Expense	121,090	58,426	18,123	-9,223	-42.45	1,095
Earnings From Continuing Operations	145,159	53,738	15,140	29,403	16,796	19,498
Minority Interest in Earnings	-785.35	-990.66	-801.39	61.01	11.58	-
Net Income	144,374	52,747	14,339	29,464	16,808	19,498
Net Income to Common	144,374	52,747	14,339	29,464	16,808	19,498
Net Income Growth	438.54%	267.86%	-51.33%	75.30%	-13.80%	-47.90%
Shares Outstanding (Basic)	217	217	217	217	217	217
Shares Outstanding (Diluted)	217	217	217	217	217	217
Shares Change (YoY)	-93.44%	-	-	-	-	19.75%
EPS (Basic)	664.58	242.80	66.00	135.63	77.37	89.75
EPS (Diluted)	664.58	242.80	66.00	135.63	77.37	89.75
EPS Growth	8112.71%	267.86%	-51.33%	75.30%	-13.80%	-56.49%
Free Cash Flow	163,954	90,139	21,882	15,675	2,837	-12,626
Free Cash Flow Per Share	754.71	414.92	100.73	72.15	13.06	-58.12
Dividend Per Share	208.000	200.000	35.000	20.000	7.000	17.000
Dividend Growth	494.29%	471.43%	75.00%	185.71%	-58.82%	30.77%
Gross Margin	59.83%	66.37%	62.58%	27.74%	39.15%	32.13%
Operating Margin	53.73%	53.74%	44.60%	17.25%	19.13%	27.89%
Profit Margin	30.35%	23.85%	21.69%	57.14%	51.67%	42.42%
Free Cash Flow Margin	34.47%	40.76%	33.10%	30.40%	8.72%	-27.47%
EBITDA	318,585	135,486	42,685	28,489	15,747	18,687
EBITDA Margin	66.98%	61.27%	64.57%	55.25%	48.41%	40.66%
D&A For EBITDA	63,007	16,652	13,200	19,594	9,524	5,870
EBIT	255,578	118,834	29,485	8,894	6,223	12,817
EBIT Margin	53.73%	53.74%	44.60%	17.25%	19.13%	27.89%
Effective Tax Rate	45.48%	52.09%	54.48%	-	-	5.32%

Source: S&P Capital IQ. Standard template. Financial Sources.