Ikeja Hotel 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 24, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	26,401	25,843	18,754	11,113	12,897	9,869
Revenue Growth (YoY)	25.89%	37.80%	68.75%	-13.83%	30.69%	94.70%
Cost of Revenue	13,795	13,486	11,202	6,991	9,268	7,218
Gross Profit	12,606	12,357	7,552	4,122	3,629	2,651
Selling, General & Admin	6,767	6,635	2,494	1,834	6,216	1,900
Other Operating Expenses	-5,546	-5,563	-184.44	-6.21	-37.14	-198.85
Operating Expenses	1,221	1,072	2,310	1,797	6,178	1,701
Operating Income	11,385	11,284	5,242	2,325	-2,550	949.27
Interest Expense	-	-	-1,329	-1,188	-1,059	-946
Interest & Investment Income	3,236	2,623	1,487	521.15	129.84	11.54
Currency Exchange Gain (Loss)	611.18	611.18	3,139	2,195	120.18	142.62
Other Non Operating Income (Expenses)	-0	-	-	-	-0	-
EBT Excluding Unusual Items	15,232	14,519	8,539	3,853	-3,359	157.43
Gain (Loss) on Sale of Assets	0.57	0.57	0.44	0.65	1.59	42.76
Asset Writedown	-	-	-	-59.99	-	-
Other Unusual Items	-	-	-29.55	-	-	-
Pretax Income	15,291	14,577	8,510	3,793	-3,357	200.93
Income Tax Expense	894.26	635.96	1,340	1,719	581.35	381.55
Earnings From Continuing Operations	14,397	13,941	7,170	2,074	-3,939	-180.61
Minority Interest in Earnings	-160.57	-163.79	-82.57	-71.19	-14.77	198.37
Net Income	14,236	13,777	7,088	2,003	-3,954	17.75
Net Income to Common	14,236	13,777	7,088	2,003	-3,954	17.75
Net Income Growth	74.97%	94.39%	253.87%	-	-	-
Shares Outstanding (Basic)	2,167	2,162	2,162	2,162	2,079	2,079
Shares Outstanding (Diluted)	2,167	2,162	2,162	2,162	2,079	2,079
Shares Change (YoY)	-0.70%	-	-	4.02%	-	-
EPS (Basic)	6.57	6.37	3.28	0.93	-1.90	0.01
EPS (Diluted)	6.57	6.37	3.28	0.93	-1.90	0.01
EPS Growth	76.20%	94.39%	253.87%	-	-	-
Free Cash Flow	11,174	12,695	6,809	3,418	522.8	745.99
Free Cash Flow Per Share	5.16	5.87	3.15	1.58	0.25	0.36
Dividend Per Share	0.360	0.390	0.150	0.075	0.075	-
Dividend Growth	100.00%	160.00%	100.00%	-	-	-
Gross Margin	47.75%	47.81%	40.27%	37.09%	28.14%	26.86%
Operating Margin	43.13%	43.67%	27.95%	20.92%	-19.77%	9.62%
Profit Margin	53.92%	53.31%	37.79%	18.02%	-30.65%	0.18%
Free Cash Flow Margin	42.32%	49.12%	36.30%	30.76%	4.05%	7.56%
EBITDA	12,008	11,877	5,652	2,767	-1,922	1,700
EBITDA Margin	45.48%	45.96%	30.14%	24.89%	-14.91%	17.23%
D&A For EBITDA	622.32	592.92	409.61	441.67	627.15	750.84
EBIT	11,385	11,284	5,242	2,325	-2,550	949.27
EBIT Margin	43.13%	43.67%	27.95%	20.92%	-19.77%	9.62%
Effective Tax Rate	5.85%	4.36%	15.74%	45.32%	-	189.89%
Advertising Expenses	-	519.44	280	187.48	133	94.36

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