Daar Communications Income Statement

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	6,178	5,251	4,510	4,787	4,806	3,554
Revenue Growth (YoY)	46.91%	16.42%	-5.79%	-0.39%	35.25%	-31.03%
Cost of Revenue	3,711	3,878	2,992	3,125	2,276	2,407
Gross Profit	2,468	1,373	1,518	1,663	2,530	1,147
Selling, General & Admin	2,659	2,807	2,302	1,992	2,214	2,130
Other Operating Expenses	485.81	485.81	551.37	-172.72	971.56	967.69
Operating Expenses	3,526	3,674	3,098	2,409	3,276	3,790
Operating Income	-1,058	-2,301	-1,579	-746.24	-746.86	-2,643
Interest Expense	-11.68	-12.74	-10.37	-19.82	-42.07	-56.01
Currency Exchange Gain (Loss)	-	-	-	-	137.79	144.68
Other Non Operating Income (Expenses)	38.08	-	-	-	-0	-0
EBT Excluding Unusual Items	-1,032	-2,314	-1,590	-766.05	-651.13	-2,554
Gain (Loss) on Sale of Assets	-	-	11.25	10.23	9.19	-
Asset Writedown	685.07	-	-	-	0	-
Pretax Income	-346.8	-2,314	-1,578	-755.82	-641.94	-2,554
Income Tax Expense	27.8	27.8	49.25	12.24	91.52	-207.93
Net Income	-374.59	-2,342	-1,628	-768.07	-733.46	-2,346
Net Income to Common	-374.59	-2,342	-1,628	-768.07	-733.46	-2,346
Shares Outstanding (Basic)	8,363	8,000	8,000	8,000	8,000	8,000
Shares Outstanding (Diluted)	8,363	8,000	8,000	8,000	8,000	8,000
Shares Change (YoY)	3.17%	-	-	-	-	-
EPS (Basic)	-0.04	-0.29	-0.20	-0.10	-0.09	-0.29
EPS (Diluted)	-0.04	-0.29	-0.20	-0.10	-0.09	-0.29
Free Cash Flow	8.34	-81.49	290.97	397.88	463.32	151.31
Free Cash Flow Per Share	0.00	-0.01	0.04	0.05	0.06	0.02
Gross Margin	39.94%	26.15%	33.66%	34.73%	52.63%	32.28%
Operating Margin	-17.13%	-43.82%	-35.01%	-15.59%	-15.54%	-74.37%
Profit Margin	-6.06%	-44.60%	-36.08%	-16.04%	-15.26%	-66.02%
Free Cash Flow Margin	0.14%	-1.55%	6.45%	8.31%	9.64%	4.26%
EBITDA	332.56	-1,098	-761.82	34.97	90.11	-1,711
EBITDA Margin	5.38%	-20.90%	-16.89%	0.73%	1.88%	-48.16%
D&A For EBITDA	1,391	1,204	817.34	781.21	836.97	931.25
EBIT	-1,058	-2,301	-1,579	-746.24	-746.86	-2,643
EBIT Margin	-17.13%	-43.82%	-35.01%	-15.59%	-15.54%	-74.37%
Advertising Expenses	-	5.27	1.98	3.18	15.76	0.94

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