FTN Cocoa Processors 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	2015 - 2019
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	2015 - 2019
Revenue	2,925	1,376	-	62.19	290.78	235.21	Upgrade
Revenue Growth (YoY)	358.76%	-	-	-78.61%	23.63%	-65.01%	Upgrade
Cost of Revenue	3,025	541.89	5.06	245.29	504.15	533.52	Upgrade
Gross Profit	-99.87	833.92	-5.06	-183.09	-213.37	-298.31	Upgrade
Selling, General & Admin	778.85	421.68	481.31	121.66	151.01	175.71	Upgrade
Other Operating Expenses	4.39	-920.61	-11.47	-6.69	-115.85	-28.32	Upgrade
Operating Expenses	783.24	-498.93	469.84	114.96	35.16	147.39	Upgrade
Operating Income	-883.11	1,333	-474.9	-298.06	-248.53	-445.7	Upgrade
Interest Expense	-412.55	-307.22	-209.74	-146.12	-305	-262.16	Upgrade
Interest & Investment Income	29.6	29.6	-	-	-	-	Upgrade
Currency Exchange Gain (Loss)	2,534	-11,675	-9,966	13.3	-924.36	-134.95	Upgrade
Other Non Operating Income (Expenses)	0	0	-	-	-	-	Upgrade
EBT Excluding Unusual Items	1,267	-10,620	-10,650	-430.88	-1,478	-842.81	Upgrade
Pretax Income	1,267	-10,620	-10,650	-430.88	-1,478	-842.81	Upgrade
Income Tax Expense	-1,090	-1,090	-	0.31	0.73	0.59	Upgrade
Net Income	2,357	-9,530	-10,650	-431.19	-1,479	-843.4	Upgrade
Net Income to Common	2,357	-9,530	-10,650	-431.19	-1,479	-843.4	Upgrade
Shares Outstanding (Basic)	3,873	3,906	3,901	3,899	3,891	2,219	Upgrade
Shares Outstanding (Diluted)	3,873	3,906	3,901	3,899	3,891	2,219	Upgrade
Shares Change (YoY)	-4.55%	0.12%	0.07%	0.19%	75.32%	-0.28%	Upgrade
EPS (Basic)	0.61	-2.44	-2.73	-0.11	-0.38	-0.38	Upgrade
EPS (Diluted)	0.61	-2.44	-2.73	-0.11	-0.38	-0.38	Upgrade
Free Cash Flow	2,951	-2,484	682.03	-58.77	-50.17	-784.43	Upgrade
Free Cash Flow Per Share	0.76	-0.64	0.17	-0.01	-0.01	-0.35	Upgrade
Gross Margin	-3.42%	60.61%	-	-294.39%	-73.38%	-126.83%	Upgrade
Operating Margin	-30.20%	96.88%	-	-479.24%	-85.47%	-189.49%	Upgrade
Profit Margin	80.61%	-692.69%	-	-693.29%	-508.50%	-358.57%	Upgrade
Free Cash Flow Margin	100.91%	-180.53%	-	-94.50%	-17.25%	-333.50%	Upgrade
EBITDA	-34.13	1,682	-361.99	-185.21	-152.77	-238.25	Upgrade
EBITDA Margin	-1.17%	122.26%	-	-297.79%	-52.54%	-101.29%	Upgrade
D&A For EBITDA	848.98	349.25	112.92	112.85	95.76	207.45	Upgrade
EBIT	-883.11	1,333	-474.9	-298.06	-248.53	-445.7	Upgrade
EBIT Margin	-30.20%	96.88%	-	-	-85.47%	-189.49%	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.