Secure Electronic Technology Plc (NGX:NSLTECH)

NGX:NSLTECH Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	4,263	4,348	3,494	4,347	4,131
Revenue Growth (YoY)	-1.94%	24.44%	-19.63%	5.23%	-0.90%
Cost of Revenue	2,330	4,065	3,261	2,520	2,465
Gross Profit	1,934	282.33	232.76	1,827	1,666
Selling, General & Admin	2,100	-	20.61	1,829	1,688
Other Operating Expenses	-	371.24	376.53	11.97	38.25
Operating Expenses	2,100	371.24	397.14	1,841	1,727
Operating Income	-165.95	-88.9	-164.38	-14.05	-61.01
Interest Expense	-5.65	-3.8	-	-	-
Interest & Investment Income	-	-	0	-	-
Other Non Operating Income (Expenses)	0	-	-	-1.03	-0.8
EBT Excluding Unusual Items	-171.6	-92.7	-164.38	-15.08	-61.82
Gain (Loss) on Sale of Assets	-	1.2	-	-	-
Pretax Income	-171.6	-91.5	-164.38	-15.08	-61.82
Income Tax Expense	-	29.52	23.14	25.8	30.12
Net Income	-171.6	-121.03	-187.52	-40.88	-91.93
Net Income to Common	-171.6	-121.03	-187.52	-40.88	-91.93
Shares Outstanding (Basic)	5,632	5,632	5,632	5,632	5,632
Shares Outstanding (Diluted)	5,632	5,632	5,632	5,632	5,632
EPS (Basic)	-0.03	-0.02	-0.03	-0.01	-0.02
EPS (Diluted)	-0.03	-0.02	-0.03	-0.01	-0.02
Free Cash Flow	-24.59	-34.21	13.54	27.24	11.61
Free Cash Flow Per Share	-0.00	-0.01	0.00	0.01	0.00
Gross Margin	45.35%	6.49%	6.66%	42.03%	40.32%
Operating Margin	-3.89%	-2.04%	-4.71%	-0.32%	-1.48%
Profit Margin	-4.03%	-2.78%	-5.37%	-0.94%	-2.23%
Free Cash Flow Margin	-0.58%	-0.79%	0.39%	0.63%	0.28%
EBITDA	-105.49	23.95	-153.5	38.59	-7.39
EBITDA Margin	-2.47%	0.55%	-4.39%	0.89%	-0.18%
D&A For EBITDA	60.47	112.86	10.88	52.64	53.62
EBIT	-165.95	-88.9	-164.38	-14.05	-61.01
EBIT Margin	-3.89%	-2.04%	-4.71%	-0.32%	-1.48%

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