Honeywell Flour Mills Income Statement

Financials in millions NGN. Fiscal year is April - March.

Millions NGN. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	338,455	373,509	188,311	147,351	136,428	109,595
Revenue Growth (YoY)	-0.86%	98.35%	27.80%	8.01%	24.48%	36.23%
Cost of Revenue	313,274	341,264	155,968	137,823	124,860	93,973
Gross Profit	25,181	32,245	32,344	9,528	11,567	15,621
Selling, General & Admin	18,731	13,597	6,058	5,767	7,225	8,116
Other Operating Expenses	-3,722	-4,736	-1,504	-983.71	-338.82	-130.39
Operating Expenses	17,230	11,082	4,720	4,876	6,886	7,986
Operating Income	7,951	21,163	27,624	4,652	4,681	7,636
Interest Expense	-5,419	-4,641	-11,264	-10,062	-5,487	-6,069
Interest & Investment Income	4,427	2,698	-	214.76	633.9	-
Currency Exchange Gain (Loss)	12,751	5,058	-24,999	-4,364	-	-
Other Non Operating Income (Expenses)	-	-	-	0	-	-
EBT Excluding Unusual Items	19,710	24,278	-8,638	-9,559	-172.14	1,566
Gain (Loss) on Sale of Assets	184.9	184.9	39.82	23.24	-	10.27
Asset Writedown	-3,264	-3,264	-	-	-	-
Pretax Income	16,631	21,199	-8,598	-9,536	-172.14	1,577
Income Tax Expense	4,589	6,611	1,521	-9,792	9,585	450.83
Net Income	12,043	14,589	-10,120	256.11	-9,758	1,126
Net Income to Common	12,043	14,589	-10,120	256.11	-9,758	1,126
Net Income Growth	53.21%	-	-	-	-	73.08%
Shares Outstanding (Basic)	7,931	7,930	7,930	7,930	7,930	7,930
Shares Outstanding (Diluted)	7,931	7,930	7,930	7,930	7,930	7,930
Shares Change (YoY)	0.01%	-	-	-	-	-
EPS (Basic)	1.52	1.84	-1.28	0.03	-1.23	0.14
EPS (Diluted)	1.52	1.84	-1.28	0.03	-1.23	0.14
EPS Growth	53.20%	-	-	-	-	73.08%
Free Cash Flow	310,552	293,922	68,884	-8,442	-1,757	12,239
Free Cash Flow Per Share	39.16	37.06	8.69	-1.06	-0.22	1.54
Dividend Per Share	-	-	-	-	-	0.070
Dividend Growth	-	-	-	-	-	75.00%
Gross Margin	7.44%	8.63%	17.18%	6.47%	8.48%	14.25%
Operating Margin	2.35%	5.67%	14.67%	3.16%	3.43%	6.97%
Profit Margin	3.56%	3.91%	-5.37%	0.17%	-7.15%	1.03%
Free Cash Flow Margin	91.76%	78.69%	36.58%	-5.73%	-1.29%	11.17%
EBITDA	13,782	27,267	33,408	9,987	9,852	12,275
EBITDA Margin	4.07%	7.30%	17.74%	6.78%	7.22%	11.20%
D&A For EBITDA	5,830	6,103	5,784	5,335	5,170	4,639
EBIT	7,951	21,163	27,624	4,652	4,681	7,636
EBIT Margin	2.35%	5.67%	14.67%	3.16%	3.43%	6.97%
Effective Tax Rate	27.59%	31.18%	-	-	-	28.59%

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