Mecure Industries 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	77,693	46,027	31,759	26,642	20,698
Revenue Growth (YoY)	68.80%	44.92%	19.21%	28.72%	18.83%
Cost of Revenue	52,054	31,623	21,770	18,113	14,069
Gross Profit	25,639	14,403	9,989	8,529	6,629
Selling, General & Admin	9,381	6,348	3,944	3,273	3,093
Other Operating Expenses	-27.35	-27.81	-17.1	-	-
Operating Expenses	9,354	6,320	3,927	3,273	3,093
Operating Income	16,286	8,083	6,062	5,256	3,535
Interest Expense	-8,276	-4,903	-2,345	-1,304	-1,611
Interest & Investment Income	139.72	41.68	18.47	-	-
Other Non Operating Income (Expenses)	-217.06	-75.27	-46.24	-170.47	-130.55
EBT Excluding Unusual Items	7,933	3,147	3,690	3,781	1,794
Pretax Income	7,933	3,303	3,690	3,781	1,794
Income Tax Expense	1,470	974.13	776.31	1,172	1,121
Net Income	6,463	2,329	2,913	2,609	672.73
Net Income to Common	6,463	2,329	2,913	2,609	672.73
Net Income Growth	177.52%	-20.07%	11.66%	287.84%	2.16%
Shares Outstanding (Basic)	4,000	4,000	4,000	683	20
Shares Outstanding (Diluted)	4,000	4,000	4,000	683	20
Shares Change (YoY)	-	-	485.37%	3316.66%	-
EPS (Basic)	1.62	0.58	0.73	3.82	33.64
EPS (Diluted)	1.62	0.58	0.73	3.82	33.64
EPS Growth	177.52%	-20.07%	-80.92%	-88.65%	2.16%
Free Cash Flow	-12,483	-10,166	-10,267	-3,233	-971.09
Free Cash Flow Per Share	-3.12	-2.54	-2.57	-4.73	-48.55
Dividend Per Share	0.320	0.150	0.150	-	-
Dividend Growth	113.33%	-	-	-	-
Gross Margin	33.00%	31.29%	31.45%	32.01%	32.03%
Operating Margin	20.96%	17.56%	19.09%	19.73%	17.08%
Profit Margin	8.32%	5.06%	9.17%	9.79%	3.25%
Free Cash Flow Margin	-16.07%	-22.09%	-32.33%	-12.13%	-4.69%
EBITDA	21,973	11,347	7,804	6,560	4,563
EBITDA Margin	28.28%	24.65%	24.57%	24.62%	22.04%
D&A For EBITDA	5,688	3,263	1,742	1,304	1,027
EBIT	16,286	8,083	6,062	5,256	3,535
EBIT Margin	20.96%	17.56%	19.09%	19.73%	17.08%
Effective Tax Rate	18.53%	29.49%	21.04%	31.00%	62.50%

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