Red Star Express Plc (NGX:REDSTAREX)

Accolade Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	21,660	16,128	13,875	12,599	9,458
Revenue Growth (YoY)	34.30%	16.24%	10.13%	33.21%	-10.34%
Cost of Revenue	16,707	12,493	10,711	10,241	7,682
Gross Profit	4,953	3,635	3,163	2,358	1,776
Selling, General & Admin	3,844	2,739	2,254	1,661	1,178
Other Operating Expenses	-439.31	-60.88	-36.46	-122.5	-27.2
Operating Expenses	3,943	2,964	2,516	1,872	1,539
Operating Income	1,010	671.31	647.79	485.75	236.11
Interest Expense	-59.22	-58.37	-15.01	-56.65	-40.89
Interest & Investment Income	6.91	1.48	0.51	5.27	12.63
Currency Exchange Gain (Loss)	14.18	20.82	-28.69	-14.37	31
Other Non Operating Income (Expenses)	-46.89	-93.93	-37.41	-36.63	-39.56
EBT Excluding Unusual Items	924.52	541.32	567.19	383.38	199.29
Gain (Loss) on Sale of Assets	-	-	17.74	8.78	16.69
Legal Settlements	-	-	-	-	-5.73
Other Unusual Items	0.2	0.83	8.49	21.7	10.54
Pretax Income	924.72	542.15	593.42	413.86	220.79
Income Tax Expense	378.19	199.14	279.52	326.05	70.73
Net Income	546.52	343	313.9	87.81	150.07
Net Income to Common	546.52	343	313.9	87.81	150.07
Net Income Growth	59.33%	9.27%	257.49%	-41.49%	-68.00%
Shares Outstanding (Basic)	954	954	954	954	954
Shares Outstanding (Diluted)	954	954	954	954	954
Shares Change (YoY)	-	-	-	-	37.79%
EPS (Basic)	0.57	0.36	0.33	0.09	0.16
EPS (Diluted)	0.57	0.36	0.33	0.09	0.16
EPS Growth	59.33%	9.27%	257.49%	-41.49%	-76.78%
Free Cash Flow	600.64	712.53	78.62	-27.91	-772.51
Free Cash Flow Per Share	0.63	0.75	0.08	-0.03	-0.81
Dividend Per Share	0.350	0.270	0.200	0.075	0.049
Dividend Growth	29.63%	35.00%	166.67%	54.64%	-85.72%
Gross Margin	22.87%	22.54%	22.80%	18.71%	18.77%
Operating Margin	4.66%	4.16%	4.67%	3.86%	2.50%
Profit Margin	2.52%	2.13%	2.26%	0.70%	1.59%
Free Cash Flow Margin	2.77%	4.42%	0.57%	-0.22%	-8.17%
EBITDA	1,474	1,159	1,151	939.62	628.27
EBITDA Margin	6.81%	7.19%	8.30%	7.46%	6.64%
D&A For EBITDA	464.75	487.82	503.22	453.87	392.17
EBIT	1,010	671.31	647.79	485.75	236.11
EBIT Margin	4.66%	4.16%	4.67%	3.86%	2.50%
Effective Tax Rate	40.90%	36.73%	47.10%	78.78%	32.03%
Advertising Expenses	99.84	47.18	53.93	43.34	38.27

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