Mutual Benefits Assurance Plc (NGX:MBENEFIT)
Nigeria · Delayed Price · Currency is NGN 4.300
+0.110 (2.63%)
At close: Jun 5, 2026
Mutual Benefits Assurance Income Statement
Financials in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Premiums & Annuity Revenue | 81,474 | 80,411 | 66,916 | 39,922 | 31,005 | 22,455 |
Total Interest & Dividend Income | 13,454 | 13,159 | 10,878 | 8,345 | 5,417 | 3,237 |
Gain (Loss) on Sale of Investments | 1,563 | 1,368 | 1,166 | -984.08 | -503.12 | -5,610 |
Other Revenue | -592.7 | 245.7 | 163.61 | 130.59 | 94.88 | 903.77 |
| 95,899 | 95,184 | 79,124 | 47,413 | 36,014 | 20,986 | |
Revenue Growth (YoY) | 9.54% | 20.30% | 66.88% | 31.65% | 71.61% | -9.77% |
Policy Benefits | 67,260 | 66,155 | 65,846 | 34,999 | 27,269 | 11,703 |
Policy Acquisition & Underwriting Costs | - | - | - | - | - | 7,064 |
Selling, General & Administrative | 1,177 | 1,177 | 1,042 | 583.01 | 76.68 | 4,140 |
Provision for Bad Debts | - | - | - | - | - | 24.38 |
Other Operating Expenses | 1,130 | 1,769 | 1,737 | 2,290 | 2,317 | -159.71 |
Total Operating Expenses | 71,372 | 71,120 | 69,901 | 38,479 | 30,298 | 24,367 |
Operating Income | 24,526 | 24,063 | 9,223 | 8,935 | 5,716 | -3,381 |
Interest Expense | -1,961 | -1,961 | -2,466 | -5,254 | -4,485 | -1,570 |
Currency Exchange Gain (Loss) | -952.4 | -573.09 | 5,256 | 2,565 | 380.55 | -594.94 |
Other Non Operating Income (Expenses) | -4.26 | -1.15 | -0.31 | -0.29 | -0.29 | -200.98 |
EBT Excluding Unusual Items | 21,609 | 21,528 | 12,013 | 6,246 | 1,611 | -5,746 |
Gain (Loss) on Sale of Assets | 8.2 | 8.2 | 25.76 | 35.47 | 3.19 | 145.32 |
Asset Writedown | - | - | - | - | - | 10.77 |
Pretax Income | 21,619 | 21,539 | 12,042 | 6,282 | 1,614 | -5,590 |
Income Tax Expense | 857.36 | 662.75 | 724.32 | 393.09 | 680.12 | -165.36 |
Earnings From Continuing Ops. | 20,762 | 20,876 | 11,318 | 5,889 | 934.32 | -5,425 |
Net Income to Company | 20,762 | 20,876 | 11,318 | 5,889 | 934.32 | -5,425 |
Minority Interest in Earnings | -1,010 | -821.93 | -566.62 | -41.15 | 20.3 | -150.66 |
Net Income | 19,752 | 20,054 | 10,751 | 5,847 | 954.62 | -5,575 |
Net Income to Common | 19,752 | 20,054 | 10,751 | 5,847 | 954.62 | -5,575 |
Net Income Growth | 77.57% | 86.53% | 83.86% | 512.54% | - | - |
Shares Outstanding (Basic) | 20,194 | 20,061 | 20,061 | 20,061 | 20,061 | 15,531 |
Shares Outstanding (Diluted) | 20,194 | 20,061 | 20,061 | 20,061 | 20,061 | 15,531 |
Shares Change (YoY) | 1.03% | - | - | - | 29.17% | 39.02% |
EPS (Basic) | 0.98 | 1.00 | 0.54 | 0.29 | 0.05 | -0.36 |
EPS (Diluted) | 0.98 | 1.00 | 0.54 | 0.29 | 0.05 | -0.36 |
EPS Growth | 75.76% | 86.53% | 83.86% | 512.55% | - | - |
Free Cash Flow | -2,718 | 1,783 | 8,584 | 7,211 | 3,992 | 1,571 |
Free Cash Flow Per Share | -0.14 | 0.09 | 0.43 | 0.36 | 0.20 | 0.10 |
Dividend Per Share | - | - | 0.020 | - | - | - |
Operating Margin | 25.57% | 25.28% | 11.66% | 18.84% | 15.87% | -16.11% |
Profit Margin | 20.60% | 21.07% | 13.59% | 12.33% | 2.65% | -26.57% |
Free Cash Flow Margin | -2.83% | 1.87% | 10.85% | 15.21% | 11.09% | 7.48% |
EBITDA | 25,203 | 24,675 | 9,785 | 9,238 | 6,066 | -3,057 |
EBITDA Margin | 26.28% | 25.92% | 12.37% | 19.48% | 16.84% | -14.57% |
D&A For EBITDA | 677.02 | 611.93 | 561.12 | 303.28 | 350.87 | 323.87 |
EBIT | 24,526 | 24,063 | 9,223 | 8,935 | 5,716 | -3,381 |
EBIT Margin | 25.57% | 25.28% | 11.66% | 18.84% | 15.87% | -16.11% |
Effective Tax Rate | 3.97% | 3.08% | 6.02% | 6.26% | 42.13% | - |