NGX:NGXGROUP 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
Operating Revenue	26,644	22,981	16,893	8,300	6,170	5,777
Other Revenue	2,342	2,779	1,825	930.25	675.17	394.98
Revenue	28,986	25,759	18,718	9,230	6,846	6,172
Revenue Growth (YoY)	50.93%	37.62%	102.79%	34.84%	10.91%	-7.00%
Cost of Revenue	8,419	7,695	8,796	3,277	2,508	2,713
Gross Profit	20,567	18,064	9,922	5,953	4,337	3,459
Selling, General & Admin	5,883	5,261	4,456	4,940	3,665	3,240
Amortization of Goodwill & Intangibles	25.55	25.55	44.25	36.96	81.44	99.36
Other Operating Expenses	-910.97	-910.97	-1,282	-511.25	-635.4	-625.48
Operating Expenses	5,701	5,001	3,700	4,871	3,690	3,155
Operating Income	14,866	13,063	6,223	1,082	647.44	304.42
Interest Expense	-508.63	-763.01	-2,315	-2,340	-2,100	-
Earnings From Equity Investments	5,160	3,724	5,420	4,856	2,151	2,119
Currency Exchange Gain (Loss)	-465.39	-465.39	3,962	2,061	-	-
Other Non Operating Income (Expenses)	-	-	-	0.3	-0.3	2.5
EBT Excluding Unusual Items	19,052	15,559	13,289	5,659	697.52	2,426
Gain (Loss) on Sale of Investments	-10.58	-10.58	292.12	-371.48	-0.07	-12.65
Gain (Loss) on Sale of Assets	1.96	1.96	28.27	1.81	18.67	1.25
Other Unusual Items	-	-	-	-	-	-13.68
Pretax Income	19,044	15,551	13,610	5,289	716.12	2,401
Income Tax Expense	6,585	5,071	3,689	37.97	124.61	153.04
Net Income	12,459	10,479	9,920	5,251	591.51	2,248
Net Income to Common	12,459	10,479	9,920	5,251	591.51	2,248
Net Income Growth	7.51%	5.63%	88.92%	787.73%	-73.69%	22.25%
Shares Outstanding (Basic)	-	2,939	2,939	2,939	2,939	2,643
Shares Outstanding (Diluted)	-	2,939	2,939	2,939	2,939	2,643
Shares Change (YoY)	-	-	-	-	11.22%	-
EPS (Basic)	-	3.56	3.37	1.79	0.20	0.85
EPS (Diluted)	-	3.56	3.37	1.79	0.20	0.85
EPS Growth	-	5.63%	88.92%	787.73%	-76.34%	-
Free Cash Flow	3,119	1,122	7,363	42.28	1,964	-2,243
Free Cash Flow Per Share	-	0.38	2.50	0.01	0.67	-0.85
Dividend Per Share	2.250	2.250	1.500	0.750	-	-
Dividend Growth	50.00%	50.00%	100.00%	-	-	-
Gross Margin	70.95%	70.13%	53.01%	64.50%	63.36%	56.05%
Operating Margin	51.29%	50.71%	33.24%	11.72%	9.46%	4.93%
Profit Margin	42.98%	40.68%	53.00%	56.89%	8.64%	36.43%
Free Cash Flow Margin	10.76%	4.35%	39.34%	0.46%	28.68%	-36.33%
EBITDA	15,516	13,635	6,662	1,437	1,065	699.15
EBITDA Margin	53.53%	52.93%	35.59%	15.57%	15.55%	11.33%
D&A For EBITDA	649.8	571.82	439.26	355.18	417.16	394.73
EBIT	14,866	13,063	6,223	1,082	647.44	304.42
EBIT Margin	51.29%	50.71%	33.24%	11.72%	9.46%	4.93%
Effective Tax Rate	34.58%	32.61%	27.11%	0.72%	17.40%	6.37%
Revenue as Reported	29,434	26,207	23,991	11,804	7,500	6,799
Advertising Expenses	-	7.8	4.6	-	-	-

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