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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	6,165	5,648	1,376	-	62.19	290.78
Revenue Growth (YoY)	216.50%	310.51%	-	-	-78.61%	23.63%
Cost of Revenue	6,759	6,339	541.89	5.06	245.29	504.15
Gross Profit	-594.38	-690.72	833.92	-5.06	-183.09	-213.37
Selling, General & Admin	911.49	905.36	421.68	481.31	121.66	151.01
Other Operating Expenses	-114.93	-36.19	-920.61	-11.47	-6.69	-115.85
Operating Expenses	796.55	869.17	-498.93	469.84	114.96	35.16
Operating Income	-1,391	-1,560	1,333	-474.9	-298.06	-248.53
Interest Expense	-541.52	-537.1	-307.22	-209.74	-146.12	-305
Interest & Investment Income	-	-	29.6	-	-	-
Currency Exchange Gain (Loss)	3,210	1,844	-11,675	-9,966	13.3	-924.36
Other Non Operating Income (Expenses)	0	-	0	-	-	-
EBT Excluding Unusual Items	1,277	-252.65	-10,620	-10,650	-430.88	-1,478
Pretax Income	1,277	-252.65	-10,620	-10,650	-430.88	-1,478
Income Tax Expense	-	-	-1,090	-	0.31	0.73
Net Income	1,277	-252.65	-9,530	-10,650	-431.19	-1,479
Net Income to Common	1,277	-252.65	-9,530	-10,650	-431.19	-1,479
Shares Outstanding (Basic)	3,977	4,211	3,906	3,901	3,899	3,891
Shares Outstanding (Diluted)	3,977	4,211	3,906	3,901	3,899	3,891
Shares Change (YoY)	1.96%	7.81%	0.12%	0.07%	0.19%	75.32%
EPS (Basic)	0.32	-0.06	-2.44	-2.73	-0.11	-0.38
EPS (Diluted)	0.32	-0.06	-2.44	-2.73	-0.11	-0.38
Free Cash Flow	2,785	2,773	-2,484	682.03	-58.77	-50.17
Free Cash Flow Per Share	0.70	0.66	-0.64	0.17	-0.01	-0.01
Gross Margin	-9.64%	-12.23%	60.61%	-	-294.39%	-73.38%
Operating Margin	-22.56%	-27.62%	96.88%	-	-479.24%	-85.47%
Profit Margin	20.72%	-4.47%	-692.69%	-	-693.29%	-508.50%
Free Cash Flow Margin	45.18%	49.10%	-180.53%	-	-94.50%	-17.25%
EBITDA	-584.03	-753.98	1,682	-361.99	-185.21	-152.77
EBITDA Margin	-9.47%	-13.35%	122.26%	-	-297.79%	-52.54%
D&A For EBITDA	806.91	805.91	349.25	112.92	112.85	95.76
EBIT	-1,391	-1,560	1,333	-474.9	-298.06	-248.53
EBIT Margin	-22.56%	-27.62%	96.88%	-	-	-85.47%

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