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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	4,248	4,348	3,494	4,347	4,131	4,169
Revenue Growth (YoY)	1.85%	24.44%	-19.63%	5.23%	-0.90%	-3.52%
Cost of Revenue	3,872	4,065	3,261	2,520	2,465	2,484
Gross Profit	375.99	282.33	232.76	1,827	1,666	1,685
Selling, General & Admin	107.64	-	20.61	1,829	1,688	1,704
Other Operating Expenses	357.51	371.24	376.53	11.97	38.25	-
Operating Expenses	465.15	371.24	397.14	1,841	1,727	1,704
Operating Income	-89.16	-88.9	-164.38	-14.05	-61.01	-19.46
Interest Expense	-7.43	-3.8	-	-	-	-
Interest & Investment Income	-	-	0	-	-	-
Other Non Operating Income (Expenses)	-	-	-	-1.03	-0.8	-1.3
EBT Excluding Unusual Items	-96.59	-92.7	-164.38	-15.08	-61.82	-20.77
Gain (Loss) on Sale of Assets	1.2	1.2	-	-	-	-
Pretax Income	-95.39	-91.5	-164.38	-15.08	-61.82	-20.77
Income Tax Expense	10.31	29.52	23.14	25.8	30.12	11.08
Net Income	-105.7	-121.03	-187.52	-40.88	-91.93	-31.85
Net Income to Common	-105.7	-121.03	-187.52	-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	-0.03	-0.01	-0.02	-0.01
EPS (Diluted)	-0.02	-0.02	-0.03	-0.01	-0.02	-0.01
Free Cash Flow	14.63	-34.21	13.54	27.24	11.61	10.89
Free Cash Flow Per Share	0.00	-0.01	0.00	0.01	0.00	0.00
Gross Margin	8.85%	6.49%	6.66%	42.03%	40.32%	40.42%
Operating Margin	-2.10%	-2.04%	-4.71%	-0.32%	-1.48%	-0.47%
Profit Margin	-2.49%	-2.78%	-5.37%	-0.94%	-2.23%	-0.76%
Free Cash Flow Margin	0.34%	-0.79%	0.39%	0.63%	0.28%	0.26%
EBITDA	-15.6	23.95	-153.5	38.59	-7.39	34.34
EBITDA Margin	-0.37%	0.55%	-4.39%	0.89%	-0.18%	0.82%
D&A For EBITDA	73.56	112.86	10.88	52.64	53.62	53.81
EBIT	-89.16	-88.9	-164.38	-14.05	-61.01	-19.46
EBIT Margin	-2.10%	-2.04%	-4.71%	-0.32%	-1.48%	-0.47%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.