Meyer 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	4,233	3,124	2,267	1,435	1,118
Revenue Growth (YoY)	35.50%	37.81%	57.96%	28.35%	35.10%
Cost of Revenue	2,730	2,090	1,381	1,019	730.5
Gross Profit	1,502	1,034	886.09	415.67	387.6
Selling, General & Admin	1,165	902.09	704.13	565.65	482.99
Other Operating Expenses	-55.1	-64.18	-8.72	-27	-73.15
Operating Expenses	1,110	837.91	695.41	538.65	409.83
Operating Income	392.21	196.04	190.67	-122.98	-22.23
Interest Expense	-0.17	-2.55	-4.19	-1.99	-1
Interest & Investment Income	345.3	251.51	159.63	82.75	83.41
Other Non Operating Income (Expenses)	-	-	-	-	-0
EBT Excluding Unusual Items	737.34	445	346.11	-42.22	60.17
Merger & Restructuring Charges	-	-	-	-	-1.53
Gain (Loss) on Sale of Assets	-0.24	12.61	4.78	24.98	1.63
Pretax Income	737.1	457.6	350.9	-17.24	60.26
Income Tax Expense	186.74	162.2	114.93	-410.85	26.6
Earnings From Continuing Operations	550.36	295.4	235.96	393.61	33.66
Minority Interest in Earnings	-0	-0	-0	0	0
Net Income	550.36	295.4	235.96	393.62	33.67
Net Income to Common	550.36	295.4	235.96	393.62	33.67
Net Income Growth	86.31%	25.19%	-40.05%	1069.11%	-96.99%
Shares Outstanding (Basic)	498	498	498	498	481
Shares Outstanding (Diluted)	498	498	498	498	481
Shares Change (YoY)	-	-	-0.10%	3.59%	-3.20%
EPS (Basic)	1.11	0.59	0.47	0.79	0.07
EPS (Diluted)	1.11	0.59	0.47	0.79	0.07
EPS Growth	87.41%	25.53%	-40.51%	1028.57%	-96.89%
Free Cash Flow	388.72	-2.72	63.98	-167.9	-323.64
Free Cash Flow Per Share	0.78	-0.01	0.13	-0.34	-0.67
Dividend Per Share	-	0.300	0.300	-	-
Gross Margin	35.49%	33.10%	39.09%	28.97%	34.67%
Operating Margin	9.27%	6.28%	8.41%	-8.57%	-1.99%
Profit Margin	13.00%	9.46%	10.41%	27.43%	3.01%
Free Cash Flow Margin	9.18%	-0.09%	2.82%	-11.70%	-28.95%
EBITDA	423.5	220.33	203.31	-112.13	-6.5
EBITDA Margin	10.01%	7.05%	8.97%	-7.81%	-0.58%
D&A For EBITDA	31.28	24.29	12.64	10.85	15.73
EBIT	392.21	196.04	190.67	-122.98	-22.23
EBIT Margin	9.27%	6.28%	8.41%	-8.57%	-1.99%
Effective Tax Rate	25.33%	35.45%	32.75%	-	44.14%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.