May & Baker Nigeria plc (NGX:MAYBAKER)
Nigeria flag Nigeria · Delayed Price · Currency is NGN
39.00
-0.95 (-2.38%)
At close: Jul 24, 2026

May & Baker Nigeria Financials Overview

Millions NGN. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
37,15738,26328,90519,69514,32811,902
Revenue Growth
16.15%32.38%46.76%37.46%20.39%26.75%
Gross Profit
12,46112,6137,9246,3413,7124,565
Operating Income
6,3386,2552,4391,308497.911,687
Net Income
4,5664,4371,6211,0831,4911,050
Earnings Per Share
2.652.570.940.630.860.61
EPS Growth
116.26%173.69%49.67%-27.34%42.02%8.82%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Pharmaceuticals
36,52937,77428,70419,65614,30211,868
Beverage
628.38489.45200.8438.9826.5433.49
Total
37,15738,26328,90519,69514,32811,902

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
7,9136,5703,2233,3832,9072,881
Total Debt
4,1665,6794,7886,7125,6056,537
Net Cash (Debt)
3,747890.24-1,565-3,328-2,698-3,656
Net Cash Growth
------
Net Cash Per Share
2.170.52-0.91-1.93-1.56-2.12

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
8,9924,0633,500754.072,062-2,309
Capital Expenditures
-2,274-1,161-1,271-1,042-1,742-538.96
Free Cash Flow
6,7182,9022,229-288.19320.16-2,848
Free Cash Flow Growth
-30.23%----

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
33.54%32.96%27.41%32.19%25.91%38.35%
Operating Margin
17.06%16.35%8.44%6.64%3.48%14.17%
Pretax Margin
18.11%17.09%8.90%7.72%14.55%12.27%
Profit Margin
12.29%11.59%5.61%5.50%10.40%8.82%
FCF Margin
18.08%7.58%7.71%-1.46%2.23%-23.93%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '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
1.03%-4.43%-8.13%9.26%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
14.747.3910.018.364.986.61
Forward PE
-7.137.137.137.137.13
P/FCF Ratio
10.0211.297.28-23.17-
PS Ratio
1.810.860.560.460.520.58