MTNN Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Operating Revenue	2,849,227	2,468,847	2,012,272	1,654,299	1,346,390	1,169,831	Upgrade
Revenue	2,849,227	2,468,847	2,012,272	1,654,299	1,346,390	1,169,831	Upgrade
Revenue Growth (YoY)	28.29%	22.69%	21.64%	22.87%	15.09%	12.35%	Upgrade
Cost of Revenue	613,111	491,324	404,583	333,550	302,939	261,994	Upgrade
Gross Profit	2,236,116	1,977,523	1,607,689	1,320,749	1,043,451	907,837	Upgrade
Selling, General & Admin	955,162	676,080	460,569	389,328	310,199	247,380	Upgrade
Other Operating Expenses	134,030	91,382	63,958	54,012	43,594	36,345	Upgrade
Operating Expenses	1,567,799	1,196,331	860,729	735,664	612,820	515,531	Upgrade
Operating Income	668,317	781,192	746,960	585,085	430,631	392,306	Upgrade
Interest Expense	-270,796	-219,287	-145,653	-137,624	-133,692	-114,050	Upgrade
Interest & Investment Income	22,489	24,494	12,783	11,892	12,509	18,178	Upgrade
Currency Exchange Gain (Loss)	-1,173,453	-740,434	-81,822	-22,374	-8,790	-2,189	Upgrade
Other Non Operating Income (Expenses)	-47,017	-17,640	-1,105	-	70	-5,123	Upgrade
EBT Excluding Unusual Items	-800,460	-171,675	531,163	436,979	300,728	289,122	Upgrade
Gain (Loss) on Sale of Investments	2,108	1,563	904	16	1,145	1,236	Upgrade
Gain (Loss) on Sale of Assets	994	752	1,381	1,692	-117	960	Upgrade
Asset Writedown	-4,252	-4,221	-761	-500	-865	-41	Upgrade
Legal Settlements	-8,135	-4,305	-3,356	-	-	-	Upgrade
Other Unusual Items	-	-	-10,508	-1,500	-2,017	-	Upgrade
Pretax Income	-809,745	-177,886	518,823	436,687	298,874	291,277	Upgrade
Income Tax Expense	-239,260	-40,865	170,096	138,033	93,660	87,994	Upgrade
Earnings From Continuing Operations	-570,485	-137,021	348,727	298,654	205,214	203,283	Upgrade
Minority Interest in Earnings	4,262	3,180	2,655	-	-	-	Upgrade
Net Income	-566,223	-133,841	351,382	298,654	205,214	203,283	Upgrade
Net Income to Common	-566,223	-133,841	351,382	298,654	205,214	203,283	Upgrade
Net Income Growth	-	-	17.66%	45.53%	0.95%	39.54%	Upgrade
Shares Outstanding (Basic)	20,967	20,967	20,967	20,355	20,355	20,355	Upgrade
Shares Outstanding (Diluted)	20,967	20,967	20,967	20,355	20,355	20,355	Upgrade
Shares Change (YoY)	0.02%	-	3.01%	-	-	0.00%	Upgrade
EPS (Basic)	-27.01	-6.38	16.76	14.67	10.08	9.99	Upgrade
EPS (Diluted)	-27.01	-6.38	16.76	14.67	10.08	9.99	Upgrade
EPS Growth	-	-	14.22%	45.53%	0.95%	39.53%	Upgrade
Free Cash Flow	565,064	603,906	536,927	513,791	433,155	157,341	Upgrade
Free Cash Flow Per Share	26.95	28.80	25.61	25.24	21.28	7.73	Upgrade
Dividend Per Share	-	5.600	15.600	13.120	9.400	7.920	Upgrade
Dividend Growth	-	-64.10%	18.90%	39.57%	18.69%	317.50%	Upgrade
Gross Margin	78.48%	80.10%	79.89%	79.84%	77.50%	77.60%	Upgrade
Operating Margin	23.46%	31.64%	37.12%	35.37%	31.98%	33.54%	Upgrade
Profit Margin	-19.87%	-5.42%	17.46%	18.05%	15.24%	17.38%	Upgrade
Free Cash Flow Margin	19.83%	24.46%	26.68%	31.06%	32.17%	13.45%	Upgrade
EBITDA	963,371	1,056,917	952,249	765,287	596,945	555,805	Upgrade
EBITDA Margin	33.81%	42.81%	47.32%	46.26%	44.34%	47.51%	Upgrade
D&A For EBITDA	295,054	275,725	205,289	180,202	166,314	163,499	Upgrade
EBIT	668,317	781,192	746,960	585,085	430,631	392,306	Upgrade
EBIT Margin	23.46%	31.64%	37.12%	35.37%	31.98%	33.54%	Upgrade
Effective Tax Rate	-	-	32.78%	31.61%	31.34%	30.21%	Upgrade
Advertising Expenses	-	50,902	31,958	21,453	15,144	19,848	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.