Chellarams Income Statement

Financials in millions NGN. Fiscal year is April - March.

Millions NGN. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	25,971	23,100	13,780	10,599	9,680
Revenue Growth (YoY)	12.43%	67.64%	30.01%	9.49%	101.07%
Cost of Revenue	23,012	21,764	12,989	9,546	7,893
Gross Profit	2,960	1,336	790.55	1,053	1,788
Selling, General & Admin	2,190	1,624	1,186	1,274	1,085
Other Operating Expenses	-	-709.16	-600.88	-6,613	-1,779
Operating Expenses	2,190	914.99	585.16	-5,339	-693.15
Operating Income	769.61	420.67	205.39	6,393	2,481
Interest Expense	-1,018	-916.81	-646.82	-1,203	-1,472
Interest & Investment Income	-	1.33	2.51	0	136.91
Currency Exchange Gain (Loss)	-	-2,080	-2,785	-121.24	0.1
Other Non Operating Income (Expenses)	774.22	-0	0	-	-
EBT Excluding Unusual Items	526.18	-2,575	-3,224	5,068	1,146
Gain (Loss) on Sale of Assets	-	1.89	4	2.75	4.66
Pretax Income	526.18	-2,572	-3,215	5,071	1,156
Income Tax Expense	29.24	5.16	-212.23	151.39	273.72
Earnings From Continuing Operations	496.95	-2,577	-3,003	4,919	882.22
Minority Interest in Earnings	-33.44	686.45	494.77	53.78	-67.53
Net Income	463.51	-1,891	-2,508	4,973	814.69
Net Income to Common	463.51	-1,891	-2,508	4,973	814.69
Net Income Growth	-	-	-	510.43%	-
Shares Outstanding (Basic)	723	723	723	723	723
Shares Outstanding (Diluted)	723	723	723	723	723
EPS (Basic)	0.64	-2.62	-3.47	6.88	1.13
EPS (Diluted)	0.64	-2.62	-3.47	6.88	1.13
EPS Growth	-	-	-	510.43%	-
Free Cash Flow	3,014	-5,779	-1,054	2,080	272.24
Free Cash Flow Per Share	4.17	-7.99	-1.46	2.88	0.38
Gross Margin	11.40%	5.78%	5.74%	9.94%	18.47%
Operating Margin	2.96%	1.82%	1.49%	60.31%	25.63%
Profit Margin	1.79%	-8.18%	-18.20%	46.92%	8.42%
Free Cash Flow Margin	11.61%	-25.02%	-7.65%	19.62%	2.81%
EBITDA	1,003	653.63	374.1	6,554	2,637
EBITDA Margin	3.86%	2.83%	2.71%	61.84%	27.24%
D&A For EBITDA	232.96	232.96	168.71	161.77	155.73
EBIT	769.61	420.67	205.39	6,393	2,481
EBIT Margin	2.96%	1.82%	1.49%	60.31%	25.63%
Effective Tax Rate	5.56%	-	-	2.99%	23.68%
Advertising Expenses	-	21.28	39	11.75	4.45

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