NGX:NGXGROUP 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	2015 - 2019
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	2015 - 2019
Operating Revenue	20,457	16,893	8,300	6,170	5,777	5,028	Upgrade
Other Revenue	2,592	1,825	930.25	675.17	394.98	1,609	Upgrade
Revenue	23,049	18,718	9,230	6,846	6,172	6,636	Upgrade
Revenue Growth (YoY)	47.06%	102.79%	34.84%	10.91%	-7.00%	-5.13%	Upgrade
Cost of Revenue	9,216	8,800	3,277	2,508	2,713	2,223	Upgrade
Gross Profit	13,833	9,918	5,953	4,337	3,459	4,413	Upgrade
Selling, General & Admin	5,849	4,451	4,940	3,665	3,240	3,240	Upgrade
Amortization of Goodwill & Intangibles	44.25	44.25	36.96	81.44	99.36	114.57	Upgrade
Other Operating Expenses	-1,562	-1,282	-511.25	-635.4	-625.48	621.72	Upgrade
Operating Expenses	4,862	3,695	4,871	3,690	3,155	4,451	Upgrade
Operating Income	8,971	6,223	1,082	647.44	304.42	-38.18	Upgrade
Interest Expense	-1,141	-2,315	-2,340	-2,100	-	-	Upgrade
Earnings From Equity Investments	6,452	5,420	4,856	2,151	2,119	2,003	Upgrade
Currency Exchange Gain (Loss)	3,962	3,962	2,061	-	-	-	Upgrade
Other Non Operating Income (Expenses)	-	-	0.3	-0.3	2.5	-	Upgrade
EBT Excluding Unusual Items	18,244	13,289	5,659	697.52	2,426	1,965	Upgrade
Gain (Loss) on Sale of Investments	292.12	292.12	-371.48	-0.07	-12.65	-	Upgrade
Gain (Loss) on Sale of Assets	49.63	28.27	1.81	18.67	1.25	4.63	Upgrade
Asset Writedown	-	-	-	-	-	-60.41	Upgrade
Other Unusual Items	-	-	-	-	-13.68	-	Upgrade
Pretax Income	18,586	13,610	5,289	716.12	2,401	1,909	Upgrade
Income Tax Expense	5,101	3,689	37.97	124.61	153.04	70.27	Upgrade
Net Income	13,485	9,920	5,251	591.51	2,248	1,839	Upgrade
Net Income to Common	13,485	9,920	5,251	591.51	2,248	1,839	Upgrade
Net Income Growth	63.48%	88.92%	787.73%	-73.69%	22.25%	-18.56%	Upgrade
Shares Outstanding (Basic)	2,205	2,205	2,205	2,205	1,982	-	Upgrade
Shares Outstanding (Diluted)	2,205	2,205	2,205	2,205	1,982	-	Upgrade
Shares Change (YoY)	-	-	-	11.22%	-	-	Upgrade
EPS (Basic)	6.12	4.50	2.38	0.27	1.13	-	Upgrade
EPS (Diluted)	6.12	4.50	2.38	0.27	1.13	-	Upgrade
EPS Growth	63.48%	88.92%	787.73%	-76.34%	-	-	Upgrade
Free Cash Flow	11,038	7,524	42.28	1,964	-2,243	-1,723	Upgrade
Free Cash Flow Per Share	5.01	3.41	0.02	0.89	-1.13	-	Upgrade
Dividend Per Share	3.000	2.000	1.000	-	-	-	Upgrade
Dividend Growth	300.00%	100.00%	-	-	-	-	Upgrade
Gross Margin	60.02%	52.98%	64.50%	63.36%	56.05%	66.50%	Upgrade
Operating Margin	38.92%	33.24%	11.72%	9.46%	4.93%	-0.57%	Upgrade
Profit Margin	58.51%	53.00%	56.89%	8.64%	36.43%	27.71%	Upgrade
Free Cash Flow Margin	47.89%	40.20%	0.46%	28.68%	-36.33%	-25.96%	Upgrade
EBITDA	9,477	6,662	1,437	1,065	699.15	436.21	Upgrade
EBITDA Margin	41.12%	35.59%	15.57%	15.55%	11.33%	6.57%	Upgrade
D&A For EBITDA	505.41	439.26	355.18	417.16	394.73	474.39	Upgrade
EBIT	8,971	6,223	1,082	647.44	304.42	-38.18	Upgrade
EBIT Margin	38.92%	33.24%	11.72%	9.46%	4.93%	-0.57%	Upgrade
Effective Tax Rate	27.44%	27.11%	0.72%	17.40%	6.37%	3.68%	Upgrade
Revenue as Reported	28,622	23,991	11,804	7,500	6,799	6,019	Upgrade

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