Nigerian Enamelware PLC (NGX:ENAMELWA)

Nigerian Enamelware Income Statement

Financials in millions NGN. Fiscal year is May - April.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr 30, 2025	Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021
Revenue	1,431	718.35	227.3	354.8	297.67
Revenue Growth (YoY)	99.22%	216.03%	-35.94%	19.20%	-40.22%
Cost of Revenue	1,377	530.68	254.49	410.46	419.44
Gross Profit	54.01	187.67	-27.19	-55.65	-121.77
Selling, General & Admin	23	23	107.72	65.59	125.41
Other Operating Expenses	120.14	2,739	-	-	-
Operating Expenses	143.14	2,762	107.72	65.59	130.81
Operating Income	-89.12	-2,574	-134.91	-121.24	-252.58
Interest Expense	-	-	-	-	-36.45
Interest & Investment Income	-	2.67	-	-	-
Other Non Operating Income (Expenses)	114.06	6.77	55.1	-0.32	-0.37
EBT Excluding Unusual Items	24.93	-2,565	-79.82	-121.56	-289.4
Merger & Restructuring Charges	-	-	-	-322.3	-
Gain (Loss) on Sale of Assets	-	-	2,651	-	-
Pretax Income	24.93	-2,565	2,571	-443.85	-289.4
Income Tax Expense	9.46	33.04	885.29	-12.63	-13.86
Net Income	15.48	-2,598	1,686	-431.22	-275.53
Net Income to Common	15.48	-2,598	1,686	-431.22	-275.53
Shares Outstanding (Basic)	76	76	76	76	76
Shares Outstanding (Diluted)	76	76	76	76	76
EPS (Basic)	0.20	-34.17	22.18	-5.67	-3.62
EPS (Diluted)	0.20	-34.17	22.18	-5.67	-3.62
Free Cash Flow	-191.16	-1,014	-1,645	-16.51	36.92
Free Cash Flow Per Share	-2.51	-13.33	-21.64	-0.22	0.49
Gross Margin	3.77%	26.13%	-11.96%	-15.68%	-40.91%
Operating Margin	-6.23%	-358.35%	-59.35%	-34.17%	-84.85%
Profit Margin	1.08%	-361.63%	741.77%	-121.54%	-92.56%
Free Cash Flow Margin	-13.36%	-141.09%	-723.79%	-4.65%	12.40%
EBITDA	-48.19	-2,533	-83.25	-69.58	-200.89
EBITDA Margin	-3.37%	-	-36.63%	-19.61%	-67.49%
D&A For EBITDA	40.93	40.93	51.66	51.66	51.69
EBIT	-89.12	-2,574	-134.91	-121.24	-252.58
EBIT Margin	-6.23%	-	-59.35%	-34.17%	-84.85%
Effective Tax Rate	37.93%	-	34.43%	-	-

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