NCR (Nigeria) 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	3,082	2,150	2,935	3,269	2,541
Revenue Growth (YoY)	43.34%	-26.75%	-10.23%	28.68%	-50.43%
Cost of Revenue	2,806	1,519	2,034	3,000	2,248
Gross Profit	275.55	630.58	900.75	269.46	292.82
Selling, General & Admin	85.68	2,852	1,649	1,140	851
Other Operating Expenses	-	-	-	-66.51	-37.6
Operating Expenses	85.68	2,852	1,649	1,073	813.4
Operating Income	189.87	-2,222	-748.12	-803.98	-520.58
Interest & Investment Income	6.18	60.63	28.5	2.08	10.44
EBT Excluding Unusual Items	196.05	-2,161	-719.62	-801.91	-510.14
Other Unusual Items	-	-	-	-	827.62
Pretax Income	196.05	-2,161	-719.62	-801.91	317.48
Income Tax Expense	-	11.05	19.28	208.62	309.93
Net Income	196.05	-2,172	-738.9	-1,011	7.55
Net Income to Common	196.05	-2,172	-738.9	-1,011	7.55
Shares Outstanding (Basic)	108	108	108	108	108
Shares Outstanding (Diluted)	108	108	108	108	108
Shares Change (YoY)	-0.26%	-	-	-	-
EPS (Basic)	1.82	-20.11	-6.84	-9.36	0.07
EPS (Diluted)	1.82	-20.11	-6.84	-9.36	0.07
Free Cash Flow	1,210	1,890	2,505	-1,496	136.28
Free Cash Flow Per Share	11.24	17.50	23.20	-13.85	1.26
Gross Margin	8.94%	29.33%	30.69%	8.24%	11.53%
Operating Margin	6.16%	-103.34%	-25.49%	-24.59%	-20.49%
Profit Margin	6.36%	-101.03%	-25.18%	-30.91%	0.30%
Free Cash Flow Margin	39.27%	87.93%	85.36%	-45.74%	5.36%
EBITDA	205.26	-2,207	-735.07	-785.92	-475.98
EBITDA Margin	6.66%	-102.64%	-25.05%	-24.04%	-18.73%
D&A For EBITDA	15.39	15.11	13.05	18.07	44.6
EBIT	189.87	-2,222	-748.12	-803.98	-520.58
EBIT Margin	6.16%	-103.34%	-25.49%	-24.59%	-20.49%
Effective Tax Rate	-	-	-	-	97.62%
Advertising Expenses	-	2.27	0.9	0.68	0.82

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