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	Jun '25 Jun 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	2,547	1,376	-	62.19	290.78	235.21	Upgrade
Revenue Growth (YoY)	299.58%	-	-	-78.61%	23.63%	-65.01%	Upgrade
Cost of Revenue	2,433	541.89	5.06	245.29	504.15	533.52	Upgrade
Gross Profit	113.93	833.92	-5.06	-183.09	-213.37	-298.31	Upgrade
Selling, General & Admin	558.09	421.68	481.31	121.66	151.01	175.71	Upgrade
Other Operating Expenses	-894.99	-920.61	-11.47	-6.69	-115.85	-28.32	Upgrade
Operating Expenses	-336.9	-498.93	469.84	114.96	35.16	147.39	Upgrade
Operating Income	450.83	1,333	-474.9	-298.06	-248.53	-445.7	Upgrade
Interest Expense	-368.13	-307.22	-209.74	-146.12	-305	-262.16	Upgrade
Interest & Investment Income	29.6	29.6	-	-	-	-	Upgrade
Currency Exchange Gain (Loss)	-1,362	-11,675	-9,966	13.3	-924.36	-134.95	Upgrade
Other Non Operating Income (Expenses)	0	0	-	-	-	-	Upgrade
EBT Excluding Unusual Items	-1,250	-10,620	-10,650	-430.88	-1,478	-842.81	Upgrade
Pretax Income	-1,250	-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	-159.57	-9,530	-10,650	-431.19	-1,479	-843.4	Upgrade
Net Income to Common	-159.57	-9,530	-10,650	-431.19	-1,479	-843.4	Upgrade
Shares Outstanding (Basic)	3,914	3,906	3,901	3,899	3,891	2,219	Upgrade
Shares Outstanding (Diluted)	3,914	3,906	3,901	3,899	3,891	2,219	Upgrade
Shares Change (YoY)	-0.42%	0.12%	0.07%	0.19%	75.32%	-0.28%	Upgrade
EPS (Basic)	-0.04	-2.44	-2.73	-0.11	-0.38	-0.38	Upgrade
EPS (Diluted)	-0.04	-2.44	-2.73	-0.11	-0.38	-0.38	Upgrade
Free Cash Flow	-61.12	-2,484	682.03	-58.77	-50.17	-784.43	Upgrade
Free Cash Flow Per Share	-0.02	-0.64	0.17	-0.01	-0.01	-0.35	Upgrade
Gross Margin	4.47%	60.61%	-	-294.39%	-73.38%	-126.83%	Upgrade
Operating Margin	17.70%	96.88%	-	-479.24%	-85.47%	-189.49%	Upgrade
Profit Margin	-6.26%	-692.69%	-	-693.29%	-508.50%	-358.57%	Upgrade
Free Cash Flow Margin	-2.40%	-180.53%	-	-94.50%	-17.25%	-333.50%	Upgrade
EBITDA	1,168	1,682	-361.99	-185.21	-152.77	-238.25	Upgrade
EBITDA Margin	45.84%	122.26%	-	-297.79%	-52.54%	-101.29%	Upgrade
D&A For EBITDA	716.94	349.25	112.92	112.85	95.76	207.45	Upgrade
EBIT	450.83	1,333	-474.9	-298.06	-248.53	-445.7	Upgrade
EBIT Margin	17.70%	96.88%	-	-	-85.47%	-189.49%	Upgrade

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