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	6,205	5,802	1,595	834.02	773.56
Revenue Growth (YoY)	6.95%	263.85%	91.20%	7.82%	5.66%
Cost of Revenue	5,514	5,331	1,405	704.65	661.34
Gross Profit	690.67	470.66	189.99	129.36	112.22
Selling, General & Admin	366.4	366.67	154.96	108.14	95.36
Other Operating Expenses	-8.93	-4.51	-3.53	-1.54	-3.06
Operating Expenses	357.47	362.16	151.42	106.6	92.3
Operating Income	333.19	108.5	38.56	22.76	19.91
Interest Expense	-2.59	-6.73	-10.15	-11.57	-13.49
Interest & Investment Income	61.18	49.94	17.92	14.38	11.15
Other Non Operating Income (Expenses)	-0	-	-	-	-
Pretax Income	391.79	151.71	46.33	25.57	17.58
Income Tax Expense	45.41	35.95	10.26	5.81	3.28
Net Income	346.38	115.76	36.07	19.76	14.3
Net Income to Common	346.38	115.76	36.07	19.76	14.3
Net Income Growth	199.22%	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	199.22%	220.98%	17.46%	38.23%	-11.60%
Free Cash Flow	105.28	17.77	-8.07	66.78	71.57
Free Cash Flow Per Share	0.09	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	11.13%	8.11%	11.91%	15.51%	14.51%
Operating Margin	5.37%	1.87%	2.42%	2.73%	2.57%
Profit Margin	5.58%	1.99%	2.26%	2.37%	1.85%
Free Cash Flow Margin	1.70%	0.31%	-0.51%	8.01%	9.25%
EBITDA	411.24	166.39	69.1	59.44	69.68
EBITDA Margin	6.63%	2.87%	4.33%	7.13%	9.01%
D&A For EBITDA	78.04	57.9	30.53	36.67	49.76
EBIT	333.19	108.5	38.56	22.76	19.91
EBIT Margin	5.37%	1.87%	2.42%	2.73%	2.57%
Effective Tax Rate	11.59%	23.69%	22.16%	22.71%	18.67%
Advertising Expenses	24.44	19.61	3.05	3.43	4.05

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