Linkage Assurance Plc (NGX:LINKASSURE)

Linkage Assurance Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	14,548	13,616	8,369	8,139	5,429	4,450
Total Interest & Dividend Income	7,481	5,956	5,360	1,729	2,293	2,012
Gain (Loss) on Sale of Investments	100.32	695.9	787.08	514.17	-1,268	1,820
Other Revenue	-169.98	3.5	6.5	3,322	840.43	660.04
Total Revenue	21,959	20,271	14,522	13,704	7,294	8,942
Revenue Growth (YoY)	25.87%	39.59%	5.97%	87.89%	-18.43%	28.94%
Policy Benefits	12,630	12,849	8,107	9,340	5,033	1,368
Policy Acquisition & Underwriting Costs	-	-	-	-	3,054	1,609
Amortization of Goodwill & Intangibles	8.76	8.76	6.28	7.43	44.89	-
Depreciation & Amortization	478.93	474.69	265.56	222.8	153.1	156.66
Selling, General & Administrative	2,960	2,864	1,924	1,520	1,748	1,130
Other Operating Expenses	230.75	307.44	168.53	122.92	427.36	841.66
Total Operating Expenses	17,488	17,705	11,637	12,151	11,429	6,379
Operating Income	4,471	2,567	2,886	1,553	-4,135	2,563
Currency Exchange Gain (Loss)	805.87	2,604	2,233	300.28	296.69	33.86
Other Non Operating Income (Expenses)	-59.32	-60.49	285.06	-8.59	-47.73	-46.59
EBT Excluding Unusual Items	5,218	5,111	5,403	1,845	-3,886	2,551
Gain (Loss) on Sale of Assets	8.94	55.64	26.19	28.95	0.04	-4.2
Asset Writedown	120	120	41.59	1.31	7.5	-10.24
Other Unusual Items	-4.32	-4.32	-7.47	-	-	-
Pretax Income	5,342	5,282	5,464	1,875	-3,879	2,536
Income Tax Expense	-211.36	-269.55	182.15	129.29	111.72	141.06
Net Income	5,554	5,552	5,282	1,746	-3,991	2,395
Net Income to Common	5,554	5,552	5,282	1,746	-3,991	2,395
Net Income Growth	-13.77%	5.11%	202.55%	-	-	64.93%
Shares Outstanding (Basic)	15,400	15,400	15,400	15,400	15,400	15,400
Shares Outstanding (Diluted)	15,400	15,400	15,400	15,400	15,400	15,400
EPS (Basic)	0.36	0.36	0.34	0.11	-0.26	0.16
EPS (Diluted)	0.36	0.36	0.34	0.11	-0.26	0.16
EPS Growth	-13.77%	5.11%	202.55%	-	-	64.93%
Free Cash Flow	167.78	-2,146	-393.22	-1,573	-1,488	-658.73
Free Cash Flow Per Share	0.01	-0.14	-0.03	-0.10	-0.10	-0.04
Dividend Per Share	-	-	0.045	-	-	-
Operating Margin	20.36%	12.66%	19.87%	11.33%	-56.70%	28.67%
Profit Margin	25.29%	27.39%	36.37%	12.74%	-54.71%	26.78%
Free Cash Flow Margin	0.76%	-10.59%	-2.71%	-11.48%	-20.40%	-7.37%
EBITDA	4,951	3,042	3,149	1,776	-3,944	2,714
EBITDA Margin	22.55%	15.01%	21.69%	12.96%	-54.07%	30.35%
D&A For EBITDA	480.18	475.72	263.6	222.89	191.68	150.54
EBIT	4,471	2,567	2,886	1,553	-4,135	2,563
EBIT Margin	20.36%	12.66%	19.87%	11.33%	-56.70%	28.67%
Effective Tax Rate	-	-	3.33%	6.90%	-	5.56%

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