Daar Communications 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	5,433	5,251	4,510	4,787	4,806
Revenue Growth (YoY)	3.47%	16.42%	-5.79%	-0.39%	35.25%
Cost of Revenue	3,526	3,878	2,992	3,125	2,276
Gross Profit	1,907	1,373	1,518	1,663	2,530
Selling, General & Admin	2,471	2,807	2,302	1,992	2,214
Other Operating Expenses	-260.78	485.81	551.37	-172.72	971.56
Operating Expenses	2,767	3,674	3,098	2,409	3,276
Operating Income	-859.74	-2,301	-1,579	-746.24	-746.86
Interest Expense	-52.83	-10.37	-10.37	-19.82	-42.07
Currency Exchange Gain (Loss)	157.57	-	-	-	137.79
Other Non Operating Income (Expenses)	3	-2.37	-	-	-0
EBT Excluding Unusual Items	-752	-2,314	-1,590	-766.05	-651.13
Gain (Loss) on Sale of Assets	-	-	11.25	10.23	9.19
Asset Writedown	-	-	-	-	0
Pretax Income	-752	-2,314	-1,578	-755.82	-641.94
Income Tax Expense	122.66	27.8	49.25	12.24	91.52
Net Income	-874.66	-2,342	-1,628	-768.07	-733.46
Net Income to Common	-874.66	-2,342	-1,628	-768.07	-733.46
Shares Outstanding (Basic)	8,000	8,000	8,000	8,000	8,000
Shares Outstanding (Diluted)	8,000	8,000	8,000	8,000	8,000
EPS (Basic)	-0.11	-0.29	-0.20	-0.10	-0.09
EPS (Diluted)	-0.11	-0.29	-0.20	-0.10	-0.09
Free Cash Flow	-224.68	-81.49	290.97	397.88	463.32
Free Cash Flow Per Share	-0.03	-0.01	0.04	0.05	0.06
Gross Margin	35.10%	26.15%	33.66%	34.73%	52.63%
Operating Margin	-15.82%	-43.82%	-35.01%	-15.59%	-15.54%
Profit Margin	-16.10%	-44.60%	-36.08%	-16.04%	-15.26%
Free Cash Flow Margin	-4.13%	-1.55%	6.45%	8.31%	9.64%
EBITDA	567.22	-1,098	-761.82	34.97	90.11
EBITDA Margin	10.44%	-20.90%	-16.89%	0.73%	1.88%
D&A For EBITDA	1,427	1,204	817.34	781.21	836.97
EBIT	-859.74	-2,301	-1,579	-746.24	-746.86
EBIT Margin	-15.82%	-43.82%	-35.01%	-15.59%	-15.54%
Advertising Expenses	3.37	5.27	1.98	3.18	15.76

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