Conoil 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	301,721	323,128	201,387	131,422	126,726
Revenue Growth (YoY)	-6.63%	60.45%	53.24%	3.71%	7.88%
Cost of Revenue	279,184	297,097	181,708	117,517	115,733
Gross Profit	22,536	26,031	19,679	13,905	10,993
Selling, General & Admin	9,632	11,169	7,102	6,377	6,632
Other Operating Expenses	-	-18.18	-81.5	-129.24	-167.16
Operating Expenses	9,632	11,151	7,020	6,248	6,465
Operating Income	12,905	14,879	12,659	7,657	4,528
Interest Expense	-10,377	-3,946	-1,949	-1,466	-752.69
Interest & Investment Income	-	9.88	25.59	6.62	0.01
Currency Exchange Gain (Loss)	-	60.62	1,542	8.34	115.96
Other Non Operating Income (Expenses)	0	0	-	-	-
EBT Excluding Unusual Items	2,528	11,004	12,277	6,207	3,892
Legal Settlements	-	-	-	-71.77	-60
Pretax Income	2,528	11,004	12,277	6,135	3,832
Income Tax Expense	518.17	2,231	2,409	1,177	749.07
Net Income	2,009	8,774	9,868	4,958	3,083
Net Income to Common	2,009	8,774	9,868	4,958	3,083
Net Income Growth	-77.10%	-11.09%	99.05%	60.82%	114.05%
Shares Outstanding (Basic)	694	694	694	694	694
Shares Outstanding (Diluted)	694	694	694	694	694
EPS (Basic)	2.90	12.64	14.22	7.14	4.44
EPS (Diluted)	2.90	12.64	14.22	7.14	4.44
EPS Growth	-77.09%	-11.11%	99.16%	60.81%	113.94%
Free Cash Flow	-7,022	5,641	-17,191	4,068	-4,595
Free Cash Flow Per Share	-10.12	8.13	-24.77	5.86	-6.62
Dividend Per Share	-	3.500	3.500	2.500	2.500
Dividend Growth	-	-	40.00%	-	66.67%
Gross Margin	7.47%	8.06%	9.77%	10.58%	8.67%
Operating Margin	4.28%	4.61%	6.29%	5.83%	3.57%
Profit Margin	0.67%	2.71%	4.90%	3.77%	2.43%
Free Cash Flow Margin	-2.33%	1.75%	-8.54%	3.09%	-3.63%
EBITDA	14,105	15,631	13,297	8,182	5,275
EBITDA Margin	4.67%	4.84%	6.60%	6.23%	4.16%
D&A For EBITDA	1,200	751.69	638.54	524.9	746.94
EBIT	12,905	14,879	12,659	7,657	4,528
EBIT Margin	4.28%	4.61%	6.29%	5.83%	3.57%
Effective Tax Rate	20.50%	20.27%	19.62%	19.19%	19.55%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.