FTN Cocoa Processors Plc (NGX:FTNCOCOA)

FTN Cocoa Processors Income Statement

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	5,648	1,376	-	62.19	290.78
Revenue Growth (YoY)	310.51%	-	-	-78.61%	23.63%
Cost of Revenue	6,339	541.89	5.06	245.29	504.15
Gross Profit	-690.72	833.92	-5.06	-183.09	-213.37
Selling, General & Admin	905.36	421.68	481.31	121.66	151.01
Other Operating Expenses	-36.19	-920.61	-11.47	-6.69	-115.85
Operating Expenses	869.17	-498.93	469.84	114.96	35.16
Operating Income	-1,560	1,333	-474.9	-298.06	-248.53
Interest Expense	-537.1	-307.22	-209.74	-146.12	-305
Interest & Investment Income	-	29.6	-	-	-
Currency Exchange Gain (Loss)	1,844	-11,675	-9,966	13.3	-924.36
Other Non Operating Income (Expenses)	-	0	-	-	-
EBT Excluding Unusual Items	-252.65	-10,620	-10,650	-430.88	-1,478
Pretax Income	-252.65	-10,620	-10,650	-430.88	-1,478
Income Tax Expense	-	-1,090	-	0.31	0.73
Net Income	-252.65	-9,530	-10,650	-431.19	-1,479
Net Income to Common	-252.65	-9,530	-10,650	-431.19	-1,479
Shares Outstanding (Basic)	4,211	3,906	3,901	3,899	3,891
Shares Outstanding (Diluted)	4,211	3,906	3,901	3,899	3,891
Shares Change (YoY)	7.81%	0.12%	0.07%	0.19%	75.32%
EPS (Basic)	-0.06	-2.44	-2.73	-0.11	-0.38
EPS (Diluted)	-0.06	-2.44	-2.73	-0.11	-0.38
Free Cash Flow	2,773	-2,484	682.03	-58.77	-50.17
Free Cash Flow Per Share	0.66	-0.64	0.17	-0.01	-0.01
Gross Margin	-12.23%	60.61%	-	-294.39%	-73.38%
Operating Margin	-27.62%	96.88%	-	-479.24%	-85.47%
Profit Margin	-4.47%	-692.69%	-	-693.29%	-508.50%
Free Cash Flow Margin	49.10%	-180.53%	-	-94.50%	-17.25%
EBITDA	-753.98	1,682	-361.99	-185.21	-152.77
EBITDA Margin	-13.35%	122.26%	-	-297.79%	-52.54%
D&A For EBITDA	805.91	349.25	112.92	112.85	95.76
EBIT	-1,560	1,333	-474.9	-298.06	-248.53
EBIT Margin	-27.62%	96.88%	-	-	-85.47%

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