Nascon Allied Industries Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	157,843	120,387	80,828	58,786	33,280	28,010
Revenue Growth (YoY)	55.34%	48.94%	37.49%	76.64%	18.81%	1.90%
Cost of Revenue	80,548	65,021	36,604	34,311	21,381	16,489
Gross Profit	77,295	55,366	44,224	24,475	11,899	11,521
Selling, General & Admin	33,492	30,471	23,599	15,114	9,433	8,145
Other Operating Expenses	-337.63	-252.08	-177.43	-109.58	-25.44	-19.2
Operating Expenses	33,229	30,294	23,413	15,021	9,392	8,075
Operating Income	44,065	25,072	20,811	9,454	2,507	3,447
Interest Expense	-788.62	-1,181	-1,435	-694.83	-130.16	-171.9
Interest & Investment Income	4,838	1,794	927.5	394.54	51.7	51.08
Currency Exchange Gain (Loss)	-1,174	-2,062	228.37	-368.7	1,037	580.04
EBT Excluding Unusual Items	46,941	23,623	20,532	8,785	3,466	3,906
Gain (Loss) on Sale of Assets	-261.51	5.21	39.13	-425.86	745.7	0.2
Pretax Income	46,686	23,651	20,588	8,374	4,238	3,907
Income Tax Expense	15,731	8,067	6,860	2,905	1,267	1,216
Net Income	30,955	15,584	13,728	5,469	2,971	2,690
Net Income to Common	30,955	15,584	13,728	5,469	2,971	2,690
Net Income Growth	165.11%	13.51%	151.01%	84.09%	10.43%	45.80%
Shares Outstanding (Basic)	2,702	2,702	2,702	2,702	2,702	2,702
Shares Outstanding (Diluted)	2,702	2,702	2,702	2,702	2,702	2,702
EPS (Basic)	11.45	5.77	5.08	2.02	1.10	1.00
EPS (Diluted)	11.45	5.77	5.08	2.02	1.10	1.00
EPS Growth	165.11%	13.51%	151.01%	84.09%	10.43%	45.80%
Free Cash Flow	19,430	1,865	18,173	2,209	3,792	3,983
Free Cash Flow Per Share	7.19	0.69	6.72	0.82	1.40	1.47
Dividend Per Share	2.000	2.000	0.980	0.980	0.392	0.392
Dividend Growth	-	104.00%	-	149.97%	-	-
Gross Margin	48.97%	45.99%	54.71%	41.63%	35.75%	41.13%
Operating Margin	27.92%	20.83%	25.75%	16.08%	7.53%	12.31%
Profit Margin	19.61%	12.95%	16.98%	9.30%	8.93%	9.61%
Free Cash Flow Margin	12.31%	1.55%	22.48%	3.76%	11.39%	14.22%
EBITDA	46,129	27,049	23,043	11,704	4,923	6,187
EBITDA Margin	29.23%	22.47%	28.51%	19.91%	14.79%	22.09%
D&A For EBITDA	2,064	1,977	2,232	2,249	2,416	2,740
EBIT	44,065	25,072	20,811	9,454	2,507	3,447
EBIT Margin	27.92%	20.83%	25.75%	16.08%	7.53%	12.31%
Effective Tax Rate	33.70%	34.11%	33.32%	34.69%	29.90%	31.14%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.