C & I Leasing Plc (NGX: CILEASING)

C & I Leasing 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	27,526	20,016	15,082	15,720	17,852	23,411
Other Revenue	1,332	565.69	2,065	1,609	799.24	483.5
Revenue	28,858	20,581	17,146	17,329	18,651	23,895
Revenue Growth (YoY)	64.74%	20.03%	-1.05%	-7.09%	-21.94%	-11.25%
Cost of Revenue	10,973	7,610	6,506	5,895	6,557	10,678
Gross Profit	17,885	12,972	10,640	11,434	12,094	13,216
Selling, General & Admin	1,775	1,518	1,521	1,325	1,444	1,758
Other Operating Expenses	1,323	1,087	912.94	1,096	1,055	1,487
Operating Expenses	9,539	7,400	5,572	6,664	6,470	7,272
Operating Income	8,346	5,572	5,068	4,769	5,624	5,944
Interest Expense	-8,183	-6,359	-4,740	-5,033	-5,479	-5,742
Earnings From Equity Investments	1,488	1,488	757.92	591.62	381.25	579.02
Currency Exchange Gain (Loss)	-95.07	33.78	-29.58	148.61	-56.19	149.2
Other Non Operating Income (Expenses)	731.82	731.82	-67.16	-17.18	9.59	85.7
EBT Excluding Unusual Items	2,287	1,466	989.08	459.21	480.16	1,016
Gain (Loss) on Sale of Investments	-	-	-	-	-	-15.57
Asset Writedown	-11.45	-	-	-	-	-
Pretax Income	2,356	1,548	1,015	541.9	490.13	1,013
Income Tax Expense	1,336	1,275	438.22	510.62	168.89	73.24
Earnings From Continuing Operations	1,019	273.33	577.27	31.28	321.24	939.42
Net Income to Company	1,019	273.33	577.27	31.28	321.24	939.42
Minority Interest in Earnings	-40.69	-68.91	-95.49	-55.71	-10.73	79.89
Net Income	978.78	204.42	481.78	-24.43	310.51	1,019
Net Income to Common	978.78	204.42	481.78	-24.43	310.51	1,019
Net Income Growth	83.58%	-57.57%	-	-	-69.54%	-10.05%
Shares Outstanding (Basic)	1,015	782	1,303	1,303	1,303	674
Shares Outstanding (Diluted)	2,359	2,949	2,949	1,303	2,949	674
Shares Change (YoY)	-6.97%	-	126.34%	-55.82%	337.63%	-70.95%
EPS (Basic)	0.96	0.26	0.37	-0.02	0.24	1.51
EPS (Diluted)	0.41	0.07	0.16	-0.02	0.11	1.51
EPS Growth	99.03%	-57.59%	-	-	-93.04%	209.52%
Free Cash Flow	12,192	12,928	3,960	773.26	5,952	7,220
Free Cash Flow Per Share	5.17	4.38	1.34	0.59	2.02	10.72
Dividend Per Share	0.050	0.050	-	-	0.030	-
Gross Margin	61.97%	63.03%	62.05%	65.98%	64.84%	55.31%
Operating Margin	28.92%	27.07%	29.55%	27.52%	30.15%	24.88%
Profit Margin	3.39%	0.99%	2.81%	-0.14%	1.66%	4.27%
Free Cash Flow Margin	42.25%	62.81%	23.09%	4.46%	31.91%	30.21%
EBITDA	13,007	10,183	8,137	4,936	5,820	6,175
EBITDA Margin	45.07%	49.48%	47.46%	28.48%	31.20%	25.84%
D&A For EBITDA	4,662	4,611	3,070	166.58	195.87	231.17
EBIT	8,346	5,572	5,068	4,769	5,624	5,944
EBIT Margin	28.92%	27.07%	29.55%	27.52%	30.15%	24.88%
Effective Tax Rate	56.72%	82.34%	43.15%	94.23%	34.46%	7.23%
Advertising Expenses	-	5.55	8.42	7.18	17.38	18.69

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