Ellah Lakes Income Statement

Financials in millions NGN. Fiscal year is August - July.

Millions NGN. Fiscal year is Aug - Jul.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021
Revenue	103.52	67.1	0.78	-	-	-
Revenue Growth (YoY)	165.72%	8503.08%	-	-	-	-
Cost of Revenue	11.72	11.17	6.49	3.27	5.66	2.74
Gross Profit	91.8	55.93	-5.71	-3.27	-5.66	-2.74
Selling, General & Admin	1,689	1,455	882.21	603.61	345.53	322.95
Other Operating Expenses	-	-23.34	-	-	-	-
Operating Expenses	1,693	1,436	886.05	608.02	349.75	324.98
Operating Income	-1,602	-1,380	-891.76	-611.29	-355.4	-327.72
Interest Expense	-46.86	-51.47	-147.62	-226.88	-568.59	-229.95
Interest & Investment Income	-	26.97	15.93	-	-	-
Currency Exchange Gain (Loss)	135.52	-191.99	129.51	-12.24	-	-5.12
Other Non Operating Income (Expenses)	189.53	-	-	-	-0	-0
EBT Excluding Unusual Items	-1,324	-1,596	-893.94	-850.41	-923.99	-562.79
Asset Writedown	-	-	-	-	-88.72	-
Pretax Income	-1,324	-1,596	-893.94	-850.41	-1,013	-562.79
Income Tax Expense	-	-	-	-0.84	-0.52	0.49
Earnings From Continuing Operations	-1,324	-1,596	-893.94	-849.57	-1,012	-563.28
Minority Interest in Earnings	-	0.32	0.22	0.25	7.9	0.36
Net Income	-1,324	-1,596	-893.72	-849.32	-1,004	-562.92
Net Income to Common	-1,324	-1,596	-893.72	-849.32	-1,004	-562.92
Shares Outstanding (Basic)	3,125	3,893	2,793	1,975	1,969	2,010
Shares Outstanding (Diluted)	3,125	3,893	2,793	1,975	1,969	2,010
Shares Change (YoY)	12.34%	39.38%	41.40%	0.30%	-2.05%	-2.52%
EPS (Basic)	-0.42	-0.41	-0.32	-0.43	-0.51	-0.28
EPS (Diluted)	-0.42	-0.41	-0.32	-0.43	-0.51	-0.28
Free Cash Flow	-917.42	-3,129	-498.17	-507.6	-544.46	-3,380
Free Cash Flow Per Share	-0.29	-0.80	-0.18	-0.26	-0.28	-1.68
Gross Margin	88.68%	83.35%	-	-	-	-
Operating Margin	-1547.18%	-2056.30%	-114327.95%	-	-	-
Profit Margin	-1278.46%	-2378.43%	-114579.10%	-	-	-
Free Cash Flow Margin	-886.20%	-4662.29%	-63868.08%	-	-	-
EBITDA	-1,601	-1,375	-887.91	-606.88	-351.18	-325.69
D&A For EBITDA	1.1	4.62	3.85	4.41	4.22	2.03
EBIT	-1,602	-1,380	-891.76	-611.29	-355.4	-327.72
Advertising Expenses	-	4.75	4.6	1.64	-	0.8

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