R.T Briscoe (Nigeria) Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	47,445	40,415	28,634	14,592	17,883	11,899
Revenue Growth (YoY)	47.78%	41.14%	96.23%	-18.40%	50.29%	83.68%
Cost of Revenue	37,080	32,055	22,592	11,557	13,746	9,889
Gross Profit	10,365	8,360	6,042	3,035	4,137	2,010
Selling, General & Admin	7,092	5,968	4,562	3,053	3,374	1,750
Other Operating Expenses	-2,493	-2,472	-202.89	-168.19	-83.59	-79.55
Operating Expenses	4,599	3,496	4,359	2,885	3,291	1,671
Operating Income	5,766	4,864	1,683	150.28	846.13	339.18
Interest Expense	-2,328	-1,938	-1,259	-1,340	-843.11	-1,150
Interest & Investment Income	33.9	33.9	13.94	7.77	4.44	25.38
Currency Exchange Gain (Loss)	-	-	31.88	98.66	195.75	5.58
EBT Excluding Unusual Items	3,472	2,960	469.51	-1,084	203.21	-779.47
Gain (Loss) on Sale of Assets	0.22	0.22	522.14	120	41.25	43.09
Pretax Income	3,476	2,964	1,025	-953.76	245.88	-735.3
Income Tax Expense	152.3	161.91	216.22	289.03	122.53	31.13
Earnings From Continuing Operations	3,324	2,802	809.25	-1,243	123.35	-766.43
Net Income	3,324	2,802	809.25	-1,243	123.35	-766.43
Net Income to Common	3,324	2,802	809.25	-1,243	123.35	-766.43
Net Income Growth	418.03%	246.30%	-	-	-	-
Shares Outstanding (Basic)	1,176	1,176	1,176	1,176	1,176	1,176
Shares Outstanding (Diluted)	1,176	1,176	1,176	1,176	1,176	1,176
Shares Change (YoY)	0.00%	-	-	-	-	-
EPS (Basic)	2.83	2.38	0.69	-1.06	0.10	-0.65
EPS (Diluted)	2.83	2.38	0.69	-1.06	0.10	-0.65
EPS Growth	418.02%	246.30%	-	-	-	-
Free Cash Flow	-2,029	-3,996	-485.7	-1,319	186.28	1,662
Free Cash Flow Per Share	-1.73	-3.40	-0.41	-1.12	0.16	1.41
Gross Margin	21.85%	20.69%	21.10%	20.80%	23.13%	16.89%
Operating Margin	12.15%	12.04%	5.88%	1.03%	4.73%	2.85%
Profit Margin	7.01%	6.93%	2.83%	-8.52%	0.69%	-6.44%
Free Cash Flow Margin	-4.28%	-9.89%	-1.70%	-9.04%	1.04%	13.97%
EBITDA	5,879	4,956	1,757	211.11	905.33	385.97
EBITDA Margin	12.39%	12.26%	6.14%	1.45%	5.06%	3.24%
D&A For EBITDA	112.95	92.08	74.59	60.83	59.2	46.78
EBIT	5,766	4,864	1,683	150.28	846.13	339.18
EBIT Margin	12.15%	12.04%	5.88%	1.03%	4.73%	2.85%
Effective Tax Rate	4.38%	5.46%	21.09%	-	49.83%	-
Advertising Expenses	-	12.66	4.85	2.68	11.59	-

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