NGX:CAP 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	44,855	36,362	23,890	19,208	14,208
Revenue Growth (YoY)	23.36%	52.20%	24.37%	35.20%	60.07%
Cost of Revenue	26,247	22,126	15,131	11,684	9,650
Gross Profit	18,608	14,236	8,759	7,524	4,558
Selling, General & Admin	10,934	9,168	6,072	4,706	3,342
Other Operating Expenses	-472.31	-395.27	-486.74	-244.74	-134.92
Operating Expenses	10,539	8,828	5,553	4,430	3,244
Operating Income	8,069	5,408	3,206	3,095	1,314
Interest Expense	-1.45	-30.13	-155.35	-33.55	-7.61
Interest & Investment Income	1,049	184.45	311.7	174.31	180.48
Currency Exchange Gain (Loss)	20.35	460.32	369.55	207.46	76.11
EBT Excluding Unusual Items	9,138	6,023	3,732	3,443	1,563
Gain (Loss) on Sale of Assets	-	41.55	46.58	6.47	164.27
Asset Writedown	-	-	-	-5.02	-
Pretax Income	9,138	6,064	3,779	3,444	1,727
Income Tax Expense	3,393	2,257	1,264	1,068	604.92
Net Income	5,745	3,807	2,515	2,376	1,123
Net Income to Common	5,745	3,807	2,515	2,376	1,123
Net Income Growth	50.89%	51.40%	5.83%	111.67%	-8.22%
Shares Outstanding (Basic)	815	815	815	815	788
Shares Outstanding (Diluted)	815	815	815	815	788
Shares Change (YoY)	-	-	-	3.36%	12.61%
EPS (Basic)	7.05	4.67	3.09	2.92	1.42
EPS (Diluted)	7.05	4.67	3.09	2.92	1.42
EPS Growth	50.96%	51.30%	5.83%	104.79%	-18.50%
Free Cash Flow	6,802	3,170	2,868	635.85	-1,893
Free Cash Flow Per Share	8.35	3.89	3.52	0.78	-2.40
Dividend Per Share	4.000	2.400	1.550	1.550	1.250
Dividend Growth	66.67%	54.84%	-	24.00%	-40.48%
Gross Margin	41.48%	39.15%	36.66%	39.17%	32.08%
Operating Margin	17.99%	14.87%	13.42%	16.11%	9.25%
Profit Margin	12.81%	10.47%	10.53%	12.37%	7.90%
Free Cash Flow Margin	15.17%	8.72%	12.01%	3.31%	-13.33%
EBITDA	8,822	6,063	3,625	3,448	1,539
EBITDA Margin	19.67%	16.68%	15.17%	17.95%	10.84%
D&A For EBITDA	752.11	655.24	418.58	353.88	225.1
EBIT	8,069	5,408	3,206	3,095	1,314
EBIT Margin	17.99%	14.87%	13.42%	16.11%	9.25%
Effective Tax Rate	37.13%	37.22%	33.45%	31.01%	35.02%

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