Learn Africa Income Statement

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

Millions NGN. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	6,154	5,183	4,084	3,473	3,698
Revenue Growth (YoY)	18.74%	26.89%	17.62%	-6.10%	54.73%
Cost of Revenue	2,962	2,906	2,184	1,724	2,089
Gross Profit	3,192	2,277	1,901	1,748	1,610
Selling, General & Admin	2,200	1,680	1,676	1,186	1,082
Other Operating Expenses	-130.67	-136.69	-14.14	-11	-2.76
Operating Expenses	2,069	1,544	1,662	1,175	1,079
Operating Income	1,123	733.11	239.1	573.56	530.34
Interest Expense	-	-30.51	-29.86	-14.23	-13.45
Interest & Investment Income	-	11.34	9.64	13.86	0.2
Currency Exchange Gain (Loss)	-	-	-	-	0.19
Other Non Operating Income (Expenses)	37.99	-0	-	0	-
EBT Excluding Unusual Items	1,161	713.94	218.88	573.2	517.28
Gain (Loss) on Sale of Assets	-	0.5	1.65	3.98	8.88
Asset Writedown	-	31	40	15	40.14
Pretax Income	1,161	748.21	260.52	606.74	574.24
Income Tax Expense	348.34	273.23	249.33	177.2	172.65
Net Income	812.8	474.98	11.2	429.53	401.58
Net Income to Common	812.8	474.98	11.2	429.53	401.58
Net Income Growth	71.12%	4142.77%	-97.39%	6.96%	149.30%
Shares Outstanding (Basic)	868	868	868	868	868
Shares Outstanding (Diluted)	868	868	868	868	868
EPS (Basic)	0.94	0.55	0.01	0.49	0.46
EPS (Diluted)	0.94	0.55	0.01	0.49	0.46
EPS Growth	71.12%	4142.84%	-97.39%	6.96%	149.30%
Free Cash Flow	671.82	813.43	-334.53	955	-147.11
Free Cash Flow Per Share	0.77	0.94	-0.39	1.10	-0.17
Dividend Per Share	-	0.311	0.222	0.222	0.178
Dividend Growth	-	40.01%	-	24.97%	33.38%
Gross Margin	51.87%	43.93%	46.54%	50.34%	43.52%
Operating Margin	18.25%	14.14%	5.85%	16.52%	14.34%
Profit Margin	13.21%	9.16%	0.27%	12.37%	10.86%
Free Cash Flow Margin	10.92%	15.69%	-8.19%	27.50%	-3.98%
EBITDA	1,274	849.3	329.01	655.43	593.16
EBITDA Margin	20.70%	16.39%	8.05%	18.87%	16.04%
D&A For EBITDA	150.56	116.19	89.91	81.87	62.81
EBIT	1,123	733.11	239.1	573.56	530.34
EBIT Margin	18.25%	14.14%	5.85%	16.52%	14.34%
Effective Tax Rate	30.00%	36.52%	95.70%	29.21%	30.07%
Advertising Expenses	-	176.41	140.54	103.79	87.51

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