May & Baker Nigeria plc (NGX:MAYBAKER)
Nigeria flag Nigeria · Delayed Price · Currency is NGN
37.00
0.00 (0.00%)
At close: Aug 14, 2026

May & Baker Nigeria Financials Overview

Millions NGN. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
38,26038,26328,90519,69514,32811,902
Revenue Growth
11.81%32.38%46.76%37.46%20.39%26.75%
Gross Profit
13,61612,6137,9246,3413,7124,565
Operating Income
7,5296,2552,4391,308497.911,687
Net Income
5,4514,4371,6211,0831,4911,050
Earnings Per Share
3.162.570.940.630.860.61
EPS Growth
132.47%173.69%49.67%-27.34%42.02%8.82%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Pharmaceuticals
37,87437,77428,70419,65614,30211,868
Beverage
735.87489.45200.8438.9826.5433.49
Total
38,61038,26328,90519,69514,32811,902

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
8,2436,5703,2233,3832,9072,881
Total Debt
2,9095,6794,7886,7125,6056,537
Net Cash (Debt)
5,334890.24-1,565-3,328-2,698-3,656
Net Cash Growth
------
Net Cash Per Share
3.090.52-0.91-1.93-1.56-2.12

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
11,5374,0633,500754.072,062-2,309
Capital Expenditures
-2,351-1,161-1,271-1,042-1,742-538.96
Free Cash Flow
9,1862,9022,229-288.19320.16-2,848
Free Cash Flow Growth
-30.23%----

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
35.59%32.96%27.41%32.19%25.91%38.35%
Operating Margin
19.68%16.35%8.44%6.64%3.48%14.17%
Pretax Margin
21.36%17.09%8.90%7.72%14.55%12.27%
Profit Margin
14.25%11.59%5.61%5.50%10.40%8.82%
FCF Margin
24.01%7.58%7.71%-1.46%2.23%-23.93%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
0.400-0.400-0.3000.300
Dividend Per Share Growth
25.00%---0%0%
Dividend Yield
1.08%-4.43%-8.13%9.26%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
11.717.3910.018.364.986.61
Forward PE
-7.137.137.137.137.13
P/FCF Ratio
6.9511.297.28-23.17-
PS Ratio
1.670.860.560.460.520.58