NGX:CAVERTON 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	25,756	40,181	31,989	29,228	34,758
Revenue Growth (YoY)	-35.90%	25.61%	9.45%	-15.91%	8.04%
Cost of Revenue	10,492	32,371	25,643	26,026	27,072
Gross Profit	15,264	7,810	6,345	3,202	7,687
Selling, General & Admin	5,435	6,622	6,882	2,741	3,607
Amortization of Goodwill & Intangibles	17.74	70.96	70.96	71.88	54.09
Other Operating Expenses	-0	-375.69	353.26	69.5	-449.07
Operating Expenses	9,420	11,386	11,577	4,906	3,907
Operating Income	5,844	-3,576	-5,232	-1,704	3,780
Interest Expense	-15,324	-10,743	-5,689	-5,269	-5,848
Interest & Investment Income	345.22	54.47	24.93	45.83	3.27
Earnings From Equity Investments	-	165.26	-4.89	-240.15	217.81
Currency Exchange Gain (Loss)	-4,819	-39,628	-2,120	927.14	-3,749
Other Non Operating Income (Expenses)	-3,255	-815.11	-981.46	-198.41	-3.94
EBT Excluding Unusual Items	-17,209	-54,542	-14,002	-6,438	-5,601
Gain (Loss) on Sale of Assets	5,436	871.7	1,316	1,354	0.02
Pretax Income	-11,773	-53,671	-12,686	-5,085	-5,601
Income Tax Expense	63.6	191.54	61.5	80.43	-1,257
Earnings From Continuing Operations	-11,837	-53,862	-12,747	-5,165	-4,344
Minority Interest in Earnings	85.58	389.8	93.31	37.78	40.27
Net Income	-11,751	-53,472	-12,654	-5,127	-4,304
Net Income to Common	-11,751	-53,472	-12,654	-5,127	-4,304
Shares Outstanding (Basic)	3,351	3,351	3,351	3,351	3,351
Shares Outstanding (Diluted)	3,351	3,351	3,351	3,351	3,351
EPS (Basic)	-3.51	-15.96	-3.78	-1.53	-1.28
EPS (Diluted)	-3.51	-15.96	-3.78	-1.53	-1.28
Free Cash Flow	10,463	-6,973	24,125	-342.61	1,501
Free Cash Flow Per Share	3.12	-2.08	7.20	-0.10	0.45
Gross Margin	59.27%	19.44%	19.84%	10.96%	22.11%
Operating Margin	22.69%	-8.90%	-16.36%	-5.83%	10.87%
Profit Margin	-45.63%	-133.08%	-39.56%	-17.54%	-12.38%
Free Cash Flow Margin	40.62%	-17.35%	75.42%	-1.17%	4.32%
EBITDA	10,259	-1,214	-3,009	343.87	5,675
EBITDA Margin	39.83%	-3.02%	-9.40%	1.18%	16.33%
D&A For EBITDA	4,415	2,362	2,223	2,048	1,896
EBIT	5,844	-3,576	-5,232	-1,704	3,780
EBIT Margin	22.69%	-8.90%	-16.36%	-5.83%	10.87%

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