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 2023	FY 2022	FY 2021	FY 2020	FY 2019	2015 - 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2015 - 2019
Revenue	637.51	-	62.19	290.78	235.21	672.19	Upgrade
Revenue Growth (YoY)	1335.51%	-	-78.61%	23.63%	-65.01%	11.64%	Upgrade
Cost of Revenue	82.94	5.06	245.29	504.15	533.52	1,150	Upgrade
Gross Profit	554.57	-5.06	-183.09	-213.37	-298.31	-477.61	Upgrade
Selling, General & Admin	677.6	481.31	121.66	151.01	175.71	175.84	Upgrade
Other Operating Expenses	-953.8	-11.47	-6.69	-115.85	-28.32	-141.5	Upgrade
Operating Expenses	-276.2	469.84	114.96	35.16	147.39	34.35	Upgrade
Operating Income	830.77	-474.9	-298.06	-248.53	-445.7	-511.96	Upgrade
Interest Expense	-363.72	-209.74	-146.12	-305	-262.16	-250.15	Upgrade
Currency Exchange Gain (Loss)	-23,366	-9,966	13.3	-924.36	-134.95	-35.06	Upgrade
Other Non Operating Income (Expenses)	-0	-	-	-	-	-0.02	Upgrade
EBT Excluding Unusual Items	-22,899	-10,650	-430.88	-1,478	-842.81	-797.19	Upgrade
Pretax Income	-22,899	-10,650	-430.88	-1,478	-842.81	-797.19	Upgrade
Income Tax Expense	-	-	0.31	0.73	0.59	4.07	Upgrade
Net Income	-22,899	-10,650	-431.19	-1,479	-843.4	-801.26	Upgrade
Net Income to Common	-22,899	-10,650	-431.19	-1,479	-843.4	-801.26	Upgrade
Shares Outstanding (Basic)	4,058	3,901	3,899	3,891	2,219	2,226	Upgrade
Shares Outstanding (Diluted)	4,058	3,901	3,899	3,891	2,219	2,226	Upgrade
Shares Change (YoY)	14.02%	0.07%	0.19%	75.32%	-0.28%	0.92%	Upgrade
EPS (Basic)	-5.64	-2.73	-0.11	-0.38	-0.38	-0.36	Upgrade
EPS (Diluted)	-5.64	-2.73	-0.11	-0.38	-0.38	-0.36	Upgrade
Free Cash Flow	-1,415	682.03	-58.77	-50.17	-784.43	-647.13	Upgrade
Free Cash Flow Per Share	-0.35	0.17	-0.01	-0.01	-0.35	-0.29	Upgrade
Gross Margin	86.99%	-	-294.39%	-73.38%	-126.83%	-71.05%	Upgrade
Operating Margin	130.31%	-	-479.24%	-85.47%	-189.49%	-76.16%	Upgrade
Profit Margin	-3592.01%	-	-693.29%	-508.50%	-358.57%	-119.20%	Upgrade
Free Cash Flow Margin	-221.93%	-	-94.50%	-17.25%	-333.50%	-96.27%	Upgrade
EBITDA	963.35	-361.99	-185.21	-152.77	-238.25	-310.76	Upgrade
EBITDA Margin	151.11%	-	-297.79%	-52.54%	-101.29%	-46.23%	Upgrade
D&A For EBITDA	132.57	112.92	112.85	95.76	207.45	201.2	Upgrade
EBIT	830.77	-474.9	-298.06	-248.53	-445.7	-511.96	Upgrade
EBIT Margin	130.31%	-	-	-85.47%	-189.49%	-76.16%	Upgrade

Updated Oct 28, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.