SCOA Nigeria Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	8,357	13,534	10,394	4,033	15,810
Revenue Growth (YoY)	-38.25%	30.21%	157.76%	-74.49%	142.25%
Cost of Revenue	7,120	12,393	9,174	3,337	15,198
Gross Profit	1,237	1,141	1,221	695.26	611.91
Selling, General & Admin	1,280	1,408	1,719	1,587	1,953
Other Operating Expenses	-	-611.06	-806.79	-365.54	-1,862
Operating Expenses	1,280	796.77	912.02	1,222	90.58
Operating Income	-42.8	344.52	308.53	-526.25	521.33
Interest Expense	-101.69	-4.01	-110.71	-8.48	-14.43
Interest & Investment Income	597.62	1.14	1.01	3.06	18.79
Currency Exchange Gain (Loss)	-	27.7	-48.96	-	-
Other Non Operating Income (Expenses)	270.74	-	-	0	0
EBT Excluding Unusual Items	723.87	369.35	149.87	-531.67	525.69
Gain (Loss) on Sale of Assets	-	5.05	-	6.59	0.77
Pretax Income	723.87	374.4	149.87	-525.08	526.46
Income Tax Expense	245.97	145.59	47.84	66.32	454.06
Earnings From Continuing Operations	477.9	228.81	102.03	-591.4	72.4
Minority Interest in Earnings	-165.28	-70.98	-25.93	4.22	-5.98
Net Income	312.62	157.83	76.1	-587.18	66.42
Net Income to Common	312.62	157.83	76.1	-587.18	66.42
Net Income Growth	98.07%	107.41%	-	-	-
Shares Outstanding (Basic)	651	650	650	650	650
Shares Outstanding (Diluted)	651	650	650	650	650
Shares Change (YoY)	0.23%	-	-	-	-
EPS (Basic)	0.48	0.24	0.12	-0.90	0.10
EPS (Diluted)	0.48	0.24	0.12	-0.90	0.10
EPS Growth	97.62%	107.41%	-	-	-
Free Cash Flow	-8,687	-1,874	-3,971	-4,625	11,609
Free Cash Flow Per Share	-13.34	-2.88	-6.11	-7.12	17.86
Gross Margin	14.81%	8.43%	11.74%	17.24%	3.87%
Operating Margin	-0.51%	2.55%	2.97%	-13.05%	3.30%
Profit Margin	3.74%	1.17%	0.73%	-14.56%	0.42%
Free Cash Flow Margin	-103.95%	-13.85%	-38.20%	-114.70%	73.43%
EBITDA	50.67	437.99	409.59	-360.46	702.92
EBITDA Margin	0.61%	3.24%	3.94%	-8.94%	4.45%
D&A For EBITDA	93.47	93.47	101.06	165.79	181.6
EBIT	-42.8	344.52	308.53	-526.25	521.33
EBIT Margin	-0.51%	2.55%	2.97%	-13.05%	3.30%
Effective Tax Rate	33.98%	38.89%	31.92%	-	86.25%
Advertising Expenses	-	3.15	0.47	4.53	4.65

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