Mutual Benefits Assurance Plc (NGX:MBENEFIT)
Nigeria · Delayed Price · Currency is NGN 2.920
-0.050 (-1.68%)
At close: Nov 3, 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 | Sep '26 Sep 30, 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 | 90,648 | 80,050 | 66,916 | 39,922 | 31,005 | 22,455 |
Total Interest & Dividend Income | 12,055 | 12,195 | 10,798 | 8,345 | 5,417 | 3,237 |
Gain (Loss) on Sale of Investments | 805.74 | 557.62 | 56.2 | -984.08 | -503.12 | -5,610 |
Other Revenue | 469 | 213 | 163.61 | 130.59 | 94.88 | 903.77 |
| 103,978 | 93,016 | 77,934 | 47,413 | 36,014 | 20,986 | |
Revenue Growth | 4.36% | 19.35% | 64.37% | 31.65% | 71.61% | -9.77% |
Policy Benefits | 72,940 | 59,046 | 50,222 | 34,999 | 27,269 | 11,703 |
Policy Acquisition & Underwriting Costs | 6,934 | 14,258 | 14,806 | - | - | 7,064 |
Selling, General & Administrative | 517.32 | 942.03 | 1,487 | 583.01 | 76.68 | 4,140 |
Provision for Bad Debts | 24.36 | 24.36 | 547.03 | - | - | 24.38 |
Other Operating Expenses | 5,748 | -1,310 | 2,110 | 2,290 | 2,317 | -159.71 |
Total Operating Expenses | 86,980 | 73,968 | 70,453 | 38,479 | 30,298 | 24,367 |
Operating Income | 16,998 | 19,047 | 7,482 | 8,935 | 5,716 | -3,381 |
Interest Expense | -851.17 | -1,963 | -2,466 | -5,254 | -4,485 | -1,570 |
Currency Exchange Gain (Loss) | -1,645 | -659.67 | 5,256 | 2,565 | 380.55 | -594.94 |
Other Non Operating Income (Expenses) | 731.6 | 195.82 | 11.59 | -0.29 | -0.29 | -200.98 |
EBT Excluding Unusual Items | 15,233 | 16,621 | 10,283 | 6,246 | 1,611 | -5,746 |
Gain (Loss) on Sale of Assets | 690.53 | 691.09 | 105.76 | 35.47 | 3.19 | 145.32 |
Asset Writedown | 444.97 | 444.97 | 1,650 | - | - | 10.77 |
Pretax Income | 16,369 | 17,759 | 12,042 | 6,282 | 1,614 | -5,590 |
Income Tax Expense | 1,961 | 1,343 | 724.32 | 393.09 | 680.12 | -165.36 |
Earnings From Continuing Ops. | 14,408 | 16,415 | 11,318 | 5,889 | 934.32 | -5,425 |
Net Income to Company | 14,408 | 16,415 | 11,318 | 5,889 | 934.32 | -5,425 |
Minority Interest in Earnings | -547 | -183.69 | -566.62 | -41.15 | 20.3 | -150.66 |
Net Income | 13,861 | 16,232 | 10,751 | 5,847 | 954.62 | -5,575 |
Net Income to Common | 13,861 | 16,232 | 10,751 | 5,847 | 954.62 | -5,575 |
Net Income Growth | -30.63% | 50.98% | 83.86% | 512.54% | - | - |
Shares Outstanding (Basic) | 20,211 | 20,061 | 20,061 | 20,061 | 20,061 | 15,531 |
Shares Outstanding (Diluted) | 20,211 | 20,061 | 20,061 | 20,061 | 20,061 | 15,531 |
Shares Change | 1.57% | - | - | - | 29.17% | 39.02% |
EPS (Basic) | 0.69 | 0.81 | 0.54 | 0.29 | 0.05 | -0.36 |
EPS (Diluted) | 0.69 | 0.81 | 0.54 | 0.29 | 0.05 | -0.36 |
EPS Growth | -31.70% | 50.98% | 83.86% | 512.55% | - | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | -5,567 | 6,408 | 8,584 | 7,211 | 3,992 | 1,571 |
Free Cash Flow Per Share | -0.28 | 0.32 | 0.43 | 0.36 | 0.20 | 0.10 |
Dividend Per Share | 0.040 | 0.040 | 0.020 | - | - | - |
Dividend Growth | 100.00% | 100.00% | - | - | - | - |
Operating Margin | 16.35% | 20.48% | 9.60% | 18.84% | 15.87% | -16.11% |
Profit Margin | 13.33% | 17.45% | 13.79% | 12.33% | 2.65% | -26.57% |
Free Cash Flow Margin | -5.35% | 6.89% | 11.02% | 15.21% | 11.09% | 7.48% |
EBITDA | 17,726 | 19,633 | 8,043 | 9,238 | 6,066 | -3,057 |
EBITDA Margin | 17.05% | 21.11% | 10.32% | 19.48% | 16.84% | -14.57% |
D&A For EBITDA | 728.08 | 585.67 | 561.12 | 303.28 | 350.87 | 323.87 |
EBIT | 16,998 | 19,047 | 7,482 | 8,935 | 5,716 | -3,381 |
EBIT Margin | 16.35% | 20.48% | 9.60% | 18.84% | 15.87% | -16.11% |
Effective Tax Rate | 11.98% | 7.56% | 6.02% | 6.26% | 42.13% | - |