Learn Africa 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 30, 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	5,919	5,183	4,084	3,473	3,698	2,390
Revenue Growth (YoY)	4.55%	26.89%	17.62%	-6.10%	54.73%	-16.71%
Cost of Revenue	3,180	2,906	2,184	1,724	2,089	1,345
Gross Profit	2,739	2,277	1,901	1,748	1,610	1,045
Selling, General & Admin	1,687	1,680	1,676	1,186	1,082	708.64
Other Operating Expenses	-57.13	-136.69	-14.14	-11	-2.76	-55.4
Operating Expenses	1,630	1,544	1,662	1,175	1,079	653.25
Operating Income	1,109	733.11	239.1	573.56	530.34	392.01
Interest Expense	-	-30.51	-29.86	-14.23	-13.45	-10.78
Interest & Investment Income	19.4	11.34	9.64	13.86	0.2	0.29
Currency Exchange Gain (Loss)	-	-	-	-	0.19	-
Other Non Operating Income (Expenses)	-0	-0	-	0	-	-
EBT Excluding Unusual Items	1,128	713.94	218.88	573.2	517.28	381.53
Gain (Loss) on Sale of Assets	0.5	0.5	1.65	3.98	8.88	-
Asset Writedown	31	31	40	15	40.14	-106.15
Pretax Income	1,162	748.21	260.52	606.74	574.24	282.09
Income Tax Expense	374.15	273.23	249.33	177.2	172.65	121.01
Net Income	788.3	474.98	11.2	429.53	401.58	161.08
Net Income to Common	788.3	474.98	11.2	429.53	401.58	161.08
Net Income Growth	236.70%	4142.77%	-97.39%	6.96%	149.30%	101.37%
Shares Outstanding (Basic)	868	868	868	868	868	868
Shares Outstanding (Diluted)	868	868	868	868	868	868
EPS (Basic)	0.91	0.55	0.01	0.49	0.46	0.19
EPS (Diluted)	0.91	0.55	0.01	0.49	0.46	0.19
EPS Growth	236.70%	4142.84%	-97.39%	6.96%	149.30%	101.37%
Free Cash Flow	1,725	813.43	-334.53	955	-147.11	102.55
Free Cash Flow Per Share	1.99	0.94	-0.39	1.10	-0.17	0.12
Dividend Per Share	0.311	0.311	0.222	0.222	0.178	0.133
Dividend Growth	40.01%	40.01%	-	24.97%	33.38%	200.23%
Gross Margin	46.27%	43.93%	46.54%	50.34%	43.52%	43.73%
Operating Margin	18.73%	14.14%	5.85%	16.52%	14.34%	16.40%
Profit Margin	13.32%	9.16%	0.27%	12.37%	10.86%	6.74%
Free Cash Flow Margin	29.14%	15.69%	-8.19%	27.50%	-3.98%	4.29%
EBITDA	1,254	849.3	329.01	655.43	593.16	452.75
EBITDA Margin	21.19%	16.39%	8.05%	18.87%	16.04%	18.94%
D&A For EBITDA	145.51	116.19	89.91	81.87	62.81	60.73
EBIT	1,109	733.11	239.1	573.56	530.34	392.01
EBIT Margin	18.73%	14.14%	5.85%	16.52%	14.34%	16.40%
Effective Tax Rate	32.19%	36.52%	95.70%	29.21%	30.07%	42.90%
Advertising Expenses	-	176.41	140.54	103.79	87.51	48.96

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