NGX:NGXGROUP 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
Operating Revenue	22,981	16,893	8,300	6,170	5,777
Other Revenue	2,779	1,825	930.25	675.17	394.98
Revenue	25,759	18,718	9,230	6,846	6,172
Revenue Growth (YoY)	37.62%	102.79%	34.84%	10.91%	-7.00%
Cost of Revenue	7,695	8,796	3,277	2,508	2,713
Gross Profit	18,064	9,922	5,953	4,337	3,459
Selling, General & Admin	5,261	4,456	4,940	3,665	3,240
Amortization of Goodwill & Intangibles	25.55	44.25	36.96	81.44	99.36
Other Operating Expenses	-910.97	-1,282	-511.25	-635.4	-625.48
Operating Expenses	5,001	3,700	4,871	3,690	3,155
Operating Income	13,063	6,223	1,082	647.44	304.42
Interest Expense	-763.01	-2,315	-2,340	-2,100	-
Earnings From Equity Investments	3,724	5,420	4,856	2,151	2,119
Currency Exchange Gain (Loss)	-465.39	3,962	2,061	-	-
Other Non Operating Income (Expenses)	-	-	0.3	-0.3	2.5
EBT Excluding Unusual Items	15,559	13,289	5,659	697.52	2,426
Gain (Loss) on Sale of Investments	-10.58	292.12	-371.48	-0.07	-12.65
Gain (Loss) on Sale of Assets	1.96	28.27	1.81	18.67	1.25
Other Unusual Items	-	-	-	-	-13.68
Pretax Income	15,551	13,610	5,289	716.12	2,401
Income Tax Expense	5,071	3,689	37.97	124.61	153.04
Net Income	10,479	9,920	5,251	591.51	2,248
Net Income to Common	10,479	9,920	5,251	591.51	2,248
Net Income Growth	5.63%	88.92%	787.73%	-73.69%	22.25%
Shares Outstanding (Basic)	2,205	2,205	2,205	2,205	1,982
Shares Outstanding (Diluted)	2,205	2,205	2,205	2,205	1,982
Shares Change (YoY)	-	-	-	11.22%	-
EPS (Basic)	4.75	4.50	2.38	0.27	1.13
EPS (Diluted)	4.75	4.50	2.38	0.27	1.13
EPS Growth	5.63%	88.92%	787.73%	-76.34%	-
Free Cash Flow	1,122	7,363	42.28	1,964	-2,243
Free Cash Flow Per Share	0.51	3.34	0.02	0.89	-1.13
Dividend Per Share	3.000	2.000	1.000	-	-
Dividend Growth	50.00%	100.00%	-	-	-
Gross Margin	70.13%	53.01%	64.50%	63.36%	56.05%
Operating Margin	50.71%	33.24%	11.72%	9.46%	4.93%
Profit Margin	40.68%	53.00%	56.89%	8.64%	36.43%
Free Cash Flow Margin	4.35%	39.34%	0.46%	28.68%	-36.33%
EBITDA	13,635	6,662	1,437	1,065	699.15
EBITDA Margin	52.93%	35.59%	15.57%	15.55%	11.33%
D&A For EBITDA	571.82	439.26	355.18	417.16	394.73
EBIT	13,063	6,223	1,082	647.44	304.42
EBIT Margin	50.71%	33.24%	11.72%	9.46%	4.93%
Effective Tax Rate	32.61%	27.11%	0.72%	17.40%	6.37%
Revenue as Reported	26,207	23,991	11,804	7,500	6,799
Advertising Expenses	7.8	4.6	-	-	-

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