NGX:NAHCO Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	65,256	65,819	53,543	28,400	16,708	10,233
Revenue Growth (YoY)	21.88%	22.93%	88.53%	69.98%	63.28%	43.59%
Cost of Revenue	27,437	27,041	20,460	13,397	9,157	6,919
Gross Profit	37,819	38,778	33,083	15,003	7,551	3,314
Selling, General & Admin	11,862	12,830	11,798	6,099	3,440	2,348
Other Operating Expenses	-709.9	-621.84	-746.14	-245.59	-313.9	-182.18
Operating Expenses	11,995	13,051	11,657	6,642	3,551	2,324
Operating Income	25,824	25,727	21,426	8,360	4,000	989.4
Interest Expense	-2,098	-2,188	-1,282	-202.04	-177.39	-187.1
Interest & Investment Income	1,454	1,454	145.98	19.99	79.72	59.33
Currency Exchange Gain (Loss)	-673.52	-673.52	-1,377	509.33	-112.76	22.57
Other Non Operating Income (Expenses)	233.56	-	-	-	-0.36	-6.99
EBT Excluding Unusual Items	24,740	24,319	18,913	8,688	3,789	877.22
Gain (Loss) on Sale of Investments	0.9	0.9	9.09	-8.57	16.5	-15.69
Gain (Loss) on Sale of Assets	5.94	5.94	-215.72	-	37.05	63.33
Asset Writedown	-45.83	-45.83	-4.02	-	-	-
Pretax Income	24,701	24,280	18,702	8,679	3,842	924.86
Income Tax Expense	7,034	6,782	5,837	3,139	1,169	153.24
Earnings From Continuing Operations	17,667	17,499	12,865	5,540	2,674	771.62
Minority Interest in Earnings	65.69	15.75	-	-	-15.59	-28.43
Net Income	17,732	17,514	12,865	5,540	2,658	743.19
Net Income to Common	17,732	17,514	12,865	5,540	2,658	743.19
Net Income Growth	37.84%	36.14%	132.22%	108.41%	257.67%	154.95%
Shares Outstanding (Basic)	2,228	2,227	2,227	2,227	2,227	2,227
Shares Outstanding (Diluted)	2,228	2,227	2,227	2,227	2,227	2,227
Shares Change (YoY)	0.02%	-	-	-	-	-
EPS (Basic)	7.96	7.86	5.78	2.49	1.19	0.33
EPS (Diluted)	7.96	7.86	5.78	2.49	1.19	0.33
EPS Growth	37.81%	36.14%	132.22%	108.41%	257.67%	154.95%
Free Cash Flow	22,423	16,462	5,156	3,438	373.77	1,272
Free Cash Flow Per Share	10.06	7.39	2.31	1.54	0.17	0.57
Dividend Per Share	5.469	5.469	5.197	2.223	1.050	0.299
Dividend Growth	5.22%	5.22%	133.86%	111.67%	251.17%	228.21%
Gross Margin	57.95%	58.92%	61.79%	52.83%	45.19%	32.38%
Operating Margin	39.57%	39.09%	40.02%	29.44%	23.94%	9.67%
Profit Margin	27.17%	26.61%	24.03%	19.51%	15.91%	7.26%
Free Cash Flow Margin	34.36%	25.01%	9.63%	12.11%	2.24%	12.43%
EBITDA	28,621	28,223	22,685	9,317	4,921	1,981
EBITDA Margin	43.86%	42.88%	42.37%	32.81%	29.45%	19.36%
D&A For EBITDA	2,797	2,496	1,259	956.97	920.96	991.94
EBIT	25,824	25,727	21,426	8,360	4,000	989.4
EBIT Margin	39.57%	39.09%	40.02%	29.44%	23.94%	9.67%
Effective Tax Rate	28.48%	27.93%	31.21%	36.17%	30.41%	16.57%
Advertising Expenses	-	4.51	7.32	-	9.95	6.61

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