McNichols Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Revenue	6,275	5,802	1,595	834.02	773.56
Revenue Growth (YoY)	8.16%	263.85%	91.20%	7.82%	5.66%
Cost of Revenue	5,519	5,331	1,405	704.65	661.34
Gross Profit	756.23	470.66	189.99	129.36	112.22
Selling, General & Admin	366.4	366.67	154.96	108.14	95.36
Other Operating Expenses	-	-4.51	-3.53	-1.54	-3.06
Operating Expenses	366.4	362.16	151.42	106.6	92.3
Operating Income	389.83	108.5	38.56	22.76	19.91
Interest Expense	-0.47	-6.73	-10.15	-11.57	-13.49
Interest & Investment Income	-	49.94	17.92	14.38	11.15
Other Non Operating Income (Expenses)	-2.12	-	-	-	-
Pretax Income	387.24	151.71	46.33	25.57	17.58
Income Tax Expense	44.78	35.95	10.26	5.81	3.28
Net Income	342.46	115.76	36.07	19.76	14.3
Net Income to Common	342.46	115.76	36.07	19.76	14.3
Net Income Growth	195.83%	220.98%	82.51%	38.22%	-19.60%
Shares Outstanding (Basic)	1,117	1,117	1,117	719	719
Shares Outstanding (Diluted)	1,117	1,117	1,117	719	719
Shares Change (YoY)	-	-	55.38%	-0.00%	-
EPS (Basic)	0.31	0.10	0.03	0.03	0.02
EPS (Diluted)	0.31	0.10	0.03	0.03	0.02
EPS Growth	195.83%	220.98%	17.46%	38.23%	-11.60%
Free Cash Flow	172.51	17.77	-8.07	66.78	71.57
Free Cash Flow Per Share	0.15	0.02	-0.01	0.09	0.10
Dividend Per Share	-	0.040	0.020	0.010	0.014
Dividend Growth	-	100.00%	100.00%	-26.47%	-
Gross Margin	12.05%	8.11%	11.91%	15.51%	14.51%
Operating Margin	6.21%	1.87%	2.42%	2.73%	2.57%
Profit Margin	5.46%	1.99%	2.26%	2.37%	1.85%
Free Cash Flow Margin	2.75%	0.31%	-0.51%	8.01%	9.25%
EBITDA	467.87	166.39	69.1	59.44	69.68
EBITDA Margin	7.46%	2.87%	4.33%	7.13%	9.01%
D&A For EBITDA	78.04	57.9	30.53	36.67	49.76
EBIT	389.83	108.5	38.56	22.76	19.91
EBIT Margin	6.21%	1.87%	2.42%	2.73%	2.57%
Effective Tax Rate	11.56%	23.69%	22.16%	22.71%	18.67%
Advertising Expenses	-	19.61	3.05	3.43	4.05

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