NGX:NOTORE Income Statement

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021
Revenue	751.36	21,545	32,305	22,136	17,467
Revenue Growth (YoY)	-96.51%	-33.31%	45.94%	26.73%	-7.09%
Cost of Revenue	32,859	33,794	29,586	24,151	21,974
Gross Profit	-32,108	-12,249	2,719	-2,014	-4,507
Selling, General & Admin	14,655	14,248	7,627	5,620	5,876
Other Operating Expenses	-1,121	-1,143	-2,547	-2,035	-1,436
Operating Expenses	13,534	13,105	5,080	3,636	4,441
Operating Income	-45,642	-25,354	-2,362	-5,650	-8,948
Interest Expense	-73,131	-23,455	-19,178	-16,412	-16,699
Interest & Investment Income	3,553	0.13	0.15	0.29	0.39
Currency Exchange Gain (Loss)	-91,483	-67,685	-1,044	-5,931	-
Other Non Operating Income (Expenses)	-	1.77	-0.51	91.17	-
EBT Excluding Unusual Items	-206,703	-116,492	-22,584	-27,902	-25,646
Gain (Loss) on Sale of Assets	-	-	9.02	-	-
Asset Writedown	15,489	2,315	6,540	14,728	5,459
Pretax Income	-191,214	-114,177	-16,035	-13,174	-20,187
Income Tax Expense	-	74.39	-8,872	-10,163	-
Net Income	-191,214	-114,251	-7,163	-3,011	-20,187
Net Income to Common	-191,214	-114,251	-7,163	-3,011	-20,187
Shares Outstanding (Basic)	4,030	1,612	1,612	1,612	1,612
Shares Outstanding (Diluted)	4,030	1,612	1,612	1,612	1,612
Shares Change (YoY)	150.00%	-	0.01%	-0.01%	-
EPS (Basic)	-47.45	-70.87	-4.44	-1.87	-12.52
EPS (Diluted)	-47.45	-70.87	-4.44	-1.87	-12.52
Free Cash Flow	-25,420	-373.06	9,687	5,882	7,391
Free Cash Flow Per Share	-6.31	-0.23	6.01	3.65	4.58
Gross Margin	-	-56.85%	8.42%	-9.10%	-25.80%
Operating Margin	-6074.54%	-117.68%	-7.31%	-25.52%	-51.23%
Profit Margin	-25449.05%	-530.29%	-22.17%	-13.60%	-115.58%
Free Cash Flow Margin	-3383.20%	-1.73%	29.99%	26.57%	42.32%
EBITDA	-32,523	-16,889	4,890	867.2	-2,406
EBITDA Margin	-	-78.39%	15.14%	3.92%	-13.77%
D&A For EBITDA	13,119	8,465	7,251	6,517	6,542
EBIT	-45,642	-25,354	-2,362	-5,650	-8,948
EBIT Margin	-	-117.68%	-7.31%	-25.52%	-51.23%
Advertising Expenses	8.4	127.37	91.02	-	36.54

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