Secure Electronic Technology Plc (NGX: NSLTECH)

NGX: NSLTECH Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	4,349	4,349	3,494	4,347	4,131	4,169
Revenue Growth (YoY)	24.48%	24.48%	-19.63%	5.23%	-0.90%	-3.52%
Cost of Revenue	2,443	2,443	1,975	2,520	2,465	2,484
Gross Profit	1,906	1,906	1,519	1,827	1,666	1,685
Selling, General & Admin	1,967	1,967	1,550	1,829	1,688	1,704
Other Operating Expenses	21.09	21.09	16.53	11.97	38.25	-
Operating Expenses	1,988	1,988	1,567	1,841	1,727	1,704
Operating Income	-82.65	-82.65	-47.64	-14.05	-61.01	-19.46
Interest Expense	-5.86	-5.86	-0.99	-	-	-
Other Non Operating Income (Expenses)	-	-	-0	-1.03	-0.8	-1.3
Pretax Income	-88.5	-88.5	-48.63	-15.08	-61.82	-20.77
Income Tax Expense	29.52	29.52	23.14	25.8	30.12	11.08
Net Income	-118.03	-118.03	-71.77	-40.88	-91.93	-31.85
Net Income to Common	-118.03	-118.03	-71.77	-40.88	-91.93	-31.85
Shares Outstanding (Basic)	5,632	5,632	5,632	5,632	5,632	5,632
Shares Outstanding (Diluted)	5,632	5,632	5,632	5,632	5,632	5,632
EPS (Basic)	-0.02	-0.02	-0.01	-0.01	-0.02	-0.01
EPS (Diluted)	-0.02	-0.02	-0.01	-0.01	-0.02	-0.01
Free Cash Flow	-29.06	-29.06	13.04	27.24	11.61	10.89
Free Cash Flow Per Share	-0.01	-0.01	0.00	0.00	0.00	0.00
Gross Margin	43.82%	43.82%	43.48%	42.03%	40.32%	40.42%
Operating Margin	-1.90%	-1.90%	-1.36%	-0.32%	-1.48%	-0.47%
Profit Margin	-2.71%	-2.71%	-2.05%	-0.94%	-2.23%	-0.76%
Free Cash Flow Margin	-0.67%	-0.67%	0.37%	0.63%	0.28%	0.26%
EBITDA	30.21	30.21	5	38.59	-7.39	34.34
EBITDA Margin	0.69%	0.69%	0.14%	0.89%	-0.18%	0.82%
D&A For EBITDA	112.86	112.86	52.64	52.64	53.62	53.81
EBIT	-82.65	-82.65	-47.64	-14.05	-61.01	-19.46
EBIT Margin	-1.90%	-1.90%	-1.36%	-0.32%	-1.48%	-0.47%

Source: S&P Capital IQ. Standard template. Financial Sources.