NGX:IMG Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	8,375	8,376	6,065	5,339	3,699
Revenue Growth (YoY)	-0.01%	38.11%	13.60%	44.32%	16.65%
Cost of Revenue	4,375	4,619	3,296	2,673	1,744
Gross Profit	4,000	3,757	2,769	2,666	1,955
Selling, General & Admin	2,441	2,356	1,991	1,623	1,324
Other Operating Expenses	-68.35	27.99	-36.87	-53	-16.65
Operating Expenses	2,429	2,547	2,031	1,565	1,306
Operating Income	1,571	1,210	738.28	1,101	649.54
Interest Expense	-	-17.63	-129.67	-40.69	-4.78
Interest & Investment Income	48.35	16.85	103.03	56.63	62.79
Currency Exchange Gain (Loss)	-109.94	1,212	502.9	-404.28	-156.46
Other Non Operating Income (Expenses)	-	-	8.02	-8.02	-
EBT Excluding Unusual Items	1,510	2,421	1,223	704.39	551.09
Gain (Loss) on Sale of Assets	-	22.13	11.1	-	1.1
Pretax Income	1,510	2,443	1,247	704.39	552.2
Income Tax Expense	519.99	820.22	394.27	256.04	180.18
Net Income	989.85	1,623	852.75	448.34	372.02
Net Income to Common	989.85	1,623	852.75	448.34	372.02
Net Income Growth	-39.00%	90.29%	90.20%	20.52%	27.36%
Shares Outstanding (Basic)	610	549	549	549	549
Shares Outstanding (Diluted)	610	549	549	549	549
Shares Change (YoY)	11.02%	-	-	-	-
EPS (Basic)	1.62	2.95	1.55	0.82	0.68
EPS (Diluted)	1.62	2.95	1.55	0.82	0.68
EPS Growth	-45.05%	90.29%	90.20%	20.52%	27.36%
Free Cash Flow	-2,797	-1,569	2,367	-2,447	810.87
Free Cash Flow Per Share	-4.58	-2.85	4.31	-4.45	1.48
Dividend Per Share	0.500	0.727	0.455	0.364	-
Dividend Growth	-31.25%	60.02%	25.00%	-	-
Gross Margin	47.76%	44.85%	45.66%	49.93%	52.86%
Operating Margin	18.76%	14.45%	12.17%	20.62%	17.56%
Profit Margin	11.82%	19.37%	14.06%	8.40%	10.06%
Free Cash Flow Margin	-33.40%	-18.73%	39.04%	-45.84%	21.92%
EBITDA	1,878	1,550	1,079	1,391	919.55
EBITDA Margin	22.42%	18.50%	17.80%	26.06%	24.86%
D&A For EBITDA	306.58	340.03	340.99	290.67	270.01
EBIT	1,571	1,210	738.28	1,101	649.54
EBIT Margin	18.76%	14.44%	12.17%	20.62%	17.56%
Effective Tax Rate	34.44%	33.58%	31.62%	36.35%	32.63%

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