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	7,117	12,393	9,174	3,337	15,198
Gross Profit	1,240	1,141	1,221	695.26	611.91
Selling, General & Admin	1,283	1,408	1,719	1,587	1,953
Other Operating Expenses	-847.95	-611.06	-806.79	-365.54	-1,862
Operating Expenses	434.76	796.77	912.02	1,222	90.58
Operating Income	805.68	344.52	308.53	-526.25	521.33
Interest Expense	-	-4.01	-110.71	-8.48	-14.43
Interest & Investment Income	42.48	1.14	1.01	3.06	18.79
Currency Exchange Gain (Loss)	-43.46	27.7	-48.96	-	-
Other Non Operating Income (Expenses)	-	-	-	0	0
EBT Excluding Unusual Items	804.7	369.35	149.87	-531.67	525.69
Gain (Loss) on Sale of Assets	-	5.05	-	6.59	0.77
Pretax Income	804.7	374.4	149.87	-525.08	526.46
Income Tax Expense	250.95	145.59	47.84	66.32	454.06
Earnings From Continuing Operations	553.75	228.81	102.03	-591.4	72.4
Minority Interest in Earnings	-91.17	-70.98	-25.93	4.22	-5.98
Net Income	462.57	157.83	76.1	-587.18	66.42
Net Income to Common	462.57	157.83	76.1	-587.18	66.42
Net Income Growth	193.08%	107.41%	-	-	-
Shares Outstanding (Basic)	650	650	650	650	650
Shares Outstanding (Diluted)	650	650	650	650	650
EPS (Basic)	0.71	0.24	0.12	-0.90	0.10
EPS (Diluted)	0.71	0.24	0.12	-0.90	0.10
EPS Growth	193.08%	107.41%	-	-	-
Free Cash Flow	-9,459	-1,874	-3,971	-4,625	11,609
Free Cash Flow Per Share	-14.56	-2.88	-6.11	-7.12	17.86
Gross Margin	14.84%	8.43%	11.74%	17.24%	3.87%
Operating Margin	9.64%	2.55%	2.97%	-13.05%	3.30%
Profit Margin	5.54%	1.17%	0.73%	-14.56%	0.42%
Free Cash Flow Margin	-113.18%	-13.85%	-38.20%	-114.70%	73.43%
EBITDA	908.36	437.99	409.59	-360.46	702.92
EBITDA Margin	10.87%	3.24%	3.94%	-8.94%	4.45%
D&A For EBITDA	102.68	93.47	101.06	165.79	181.6
EBIT	805.68	344.52	308.53	-526.25	521.33
EBIT Margin	9.64%	2.55%	2.97%	-13.05%	3.30%
Effective Tax Rate	31.19%	38.89%	31.92%	-	86.25%
Advertising Expenses	3.51	3.15	0.47	4.53	4.65

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