C & I Leasing Plc (NGX:CILEASING)

C & I Leasing 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	35,869	32,601	20,016	15,082	15,720	17,852
Other Revenue	375.57	591.39	565.69	2,065	1,609	799.24
Revenue	36,245	33,192	20,581	17,146	17,329	18,651
Revenue Growth (YoY)	8.98%	61.27%	20.03%	-1.05%	-7.09%	-21.94%
Cost of Revenue	8,065	10,917	7,610	6,506	5,895	6,557
Gross Profit	28,179	22,275	12,972	10,640	11,434	12,094
Selling, General & Admin	2,143	1,961	1,518	1,521	1,325	1,444
Other Operating Expenses	2,448	2,215	1,087	912.94	1,096	1,055
Operating Expenses	14,577	12,203	7,400	5,572	6,664	6,470
Operating Income	13,602	10,072	5,572	5,068	4,769	5,624
Interest Expense	-14,262	-10,557	-6,359	-4,740	-5,033	-5,479
Earnings From Equity Investments	3,217	3,217	1,488	757.92	591.62	381.25
Currency Exchange Gain (Loss)	216.98	-	33.78	-29.58	148.61	-56.19
Other Non Operating Income (Expenses)	-135.29	-135.29	731.82	-67.16	-17.18	9.59
EBT Excluding Unusual Items	2,638	2,597	1,466	989.08	459.21	480.16
Asset Writedown	21.03	-	-	-	-	-
Pretax Income	2,741	2,683	1,548	1,015	541.9	490.13
Income Tax Expense	960.96	1,078	1,275	438.22	510.62	168.89
Earnings From Continuing Operations	1,780	1,605	273.33	577.27	31.28	321.24
Net Income to Company	1,780	1,605	273.33	577.27	31.28	321.24
Minority Interest in Earnings	-486.98	-467.13	-68.91	-95.49	-55.71	-10.73
Net Income	1,293	1,138	204.42	481.78	-24.43	310.51
Net Income to Common	1,293	1,138	204.42	481.78	-24.43	310.51
Net Income Growth	-7.68%	456.49%	-57.57%	-	-	-69.54%
Shares Outstanding (Basic)	1,648	1,648	1,303	1,303	1,303	1,303
Shares Outstanding (Diluted)	1,648	1,648	2,949	2,949	1,303	2,949
Shares Change (YoY)	-44.10%	-44.10%	-	126.34%	-55.82%	337.63%
EPS (Basic)	0.78	0.69	0.16	0.37	-0.02	0.24
EPS (Diluted)	0.78	0.69	0.07	0.16	-0.02	0.11
EPS Growth	65.47%	895.81%	-57.59%	-	-	-93.04%
Free Cash Flow	34,311	12,636	7,229	3,960	773.26	5,952
Free Cash Flow Per Share	20.82	7.67	2.45	1.34	0.59	2.02
Dividend Per Share	0.100	0.100	0.030	-	-	0.030
Dividend Growth	233.33%	233.33%	-	-	-	-
Gross Margin	77.75%	67.11%	63.03%	62.05%	65.98%	64.84%
Operating Margin	37.53%	30.34%	27.07%	29.55%	27.52%	30.15%
Profit Margin	3.57%	3.43%	0.99%	2.81%	-0.14%	1.67%
Free Cash Flow Margin	94.67%	38.07%	35.12%	23.09%	4.46%	31.91%
EBITDA	21,620	18,035	10,183	8,137	4,936	5,820
EBITDA Margin	59.65%	54.34%	49.48%	47.46%	28.48%	31.20%
D&A For EBITDA	8,018	7,963	4,611	3,070	166.58	195.87
EBIT	13,602	10,072	5,572	5,068	4,769	5,624
EBIT Margin	37.53%	30.34%	27.07%	29.55%	27.52%	30.15%
Effective Tax Rate	35.05%	40.19%	82.34%	43.15%	94.23%	34.46%
Advertising Expenses	-	17.85	5.55	8.42	7.18	17.38

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