NGX:NNFM Income Statement

Financials in millions NGN. Fiscal year is April - March.

Millions NGN. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	24,205	35,392	25,951	16,162	15,233	8,668
Revenue Growth (YoY)	-28.13%	36.38%	60.57%	6.10%	75.74%	-1.96%
Cost of Revenue	21,562	30,266	22,458	15,049	14,186	7,893
Gross Profit	2,643	5,127	3,493	1,113	1,047	774.73
Selling, General & Admin	1,798	1,748	1,229	763.75	659.8	558.7
Other Operating Expenses	1,972	470.01	-19.27	34.65	124.2	-101.64
Operating Expenses	3,791	2,239	1,172	727.34	735.42	468.11
Operating Income	-1,148	2,887	2,321	385.97	311.19	306.62
Interest Expense	-234.71	-13.85	-23.27	-25.94	-129.96	-178.78
Interest & Investment Income	12.73	12.72	7.58	4.11	5.84	12.04
Currency Exchange Gain (Loss)	1.12	1.12	2.46	0.02	0.2	-
Other Non Operating Income (Expenses)	-	-	-0.84	-1.74	-2.74	-5.54
EBT Excluding Unusual Items	-1,368	2,887	2,307	362.41	184.53	134.35
Gain (Loss) on Sale of Assets	-	-	-	4.8	-	-
Asset Writedown	-	-	-	-37.4	-	-
Pretax Income	-1,368	2,887	2,307	462.06	184.53	134.35
Income Tax Expense	1,143	1,142	780.76	189.24	103.86	64.43
Net Income	-2,511	1,745	1,526	272.82	80.67	69.92
Net Income to Common	-2,511	1,745	1,526	272.82	80.67	69.92
Net Income Growth	-	14.36%	459.30%	238.20%	15.37%	8.18%
Shares Outstanding (Basic)	178	178	178	178	178	178
Shares Outstanding (Diluted)	178	178	178	178	178	178
EPS (Basic)	-14.09	9.79	8.56	1.53	0.45	0.39
EPS (Diluted)	-14.09	9.79	8.56	1.53	0.45	0.39
EPS Growth	-	14.37%	459.48%	237.99%	16.07%	8.33%
Free Cash Flow	-	-1,984	1,464	1,041	1,757	-345.18
Free Cash Flow Per Share	-	-11.13	8.21	5.84	9.86	-1.94
Dividend Per Share	0.750	0.750	-	0.350	0.250	0.150
Dividend Growth	-	-	-	40.00%	66.67%	-
Gross Margin	10.92%	14.49%	13.46%	6.89%	6.87%	8.94%
Operating Margin	-4.74%	8.16%	8.94%	2.39%	2.04%	3.54%
Profit Margin	-10.38%	4.93%	5.88%	1.69%	0.53%	0.81%
Free Cash Flow Margin	-	-5.61%	5.64%	6.44%	11.54%	-3.98%
EBITDA	-872.15	3,159	2,623	681.52	543.08	514.33
EBITDA Margin	-3.60%	8.92%	10.11%	4.22%	3.56%	5.93%
D&A For EBITDA	275.39	271.64	302.4	295.55	231.9	207.71
EBIT	-1,148	2,887	2,321	385.97	311.19	306.62
EBIT Margin	-4.74%	8.16%	8.94%	2.39%	2.04%	3.54%
Effective Tax Rate	-	39.55%	33.85%	40.96%	56.28%	47.96%
Advertising Expenses	-	259.81	307.67	148.93	100.12	57.5

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